SAN FRANCISCO--(BUSINESS WIRE)--Capital Access Group (www.capitalaccess.com), a Premier Certified Lender specializing in U.S. Small Business Administration 504 commercial real estate loans for growing businesses, announced today that Robert Federighi Design, an interior design, construction, and staging firm that serves Marin, Sonoma, and San Francisco counties, secured a $1.5 million SBA 504 loan to purchase a 21,000 square foot building. The business currently leases multiple warehouse spaces in Marin County, all of which will be replaced by the new building located at 38 Hamilton Drive, Novato, CA. The new facility will allow them to consolidate all operations into one location, reducing and stabilizing occupancy costs, streamlining operations, and increasing efficiency. Mr. Federighi also plans to open a showroom to give his interior design department the space it needs to sell high quality furniture.
“We are so pleased to help Mr. Federighi secure the funds his thriving business needed to purchase new warehouse space,” said Jacklyn Jordan, President and CEO of Capital Access Group. “Mr. Federighi has been leasing three separate warehouse spaces. Owning his own warehouse space will fix his occupancy costs and allow his business to become more efficient so he can continue to provide superior staging and construction support for his growing customer base.”
“One of our current warehouse spaces was being sold, and we expected the rent to increase substantially with the new buyer,” said Robert Federighi, Owner, Robert Federighi Design. “It was not going to be affordable for us to continue leasing the space. Our new building will be set up to optimize our staging operation with shelving designed specifically for our needs.”
“By owning the new building, we fixed our expenses, so we can continue growing while controlling our costs,” said Mr. Federighi. “The mortgage payment on the new building is less than we currently pay in rent!”
“Working with Capital Access was a smooth, easy process,” said Mr. Federighi. “I highly recommend them.”
Founded in 1999, Robert Federighi Design, Construction and Staging is known for innovation and quality, offering clients around the Bay Area a full range of services including interior design, general contracting, remodeling and staging homes for sale. Principal Bob Federighi has over twenty years experience in the design industry with an extensive knowledge of interior design, fine art, antiques, furniture, and construction.
The SBA 504 loan is a partnership between the Certified Development Company (CDC), a commercial bank, the small business borrower, and the U.S. Small Business Administration (SBA). The loan provides capital for the purchase, renovation, or construction of commercial real estate and heavy equipment.
About Capital Access Group: San Francisco-based Capital Access Group is a leading Certified Development Company, authorized by the U.S. Small Business Administration to provide long-term, fixed-rate financing through the SBA 504 loan program, which offers 90% financing to business owners for the purchase, renovation, or construction of commercial real estate for their growing businesses. Founded in 1981, Capital Access Group has helped thousands of entrepreneurs grow their businesses and realize their dreams of owning their own buildings. Currently, the SBA 504 interest rate is 5.28%, fully amortized and fixed for 20 years. For more information, please visit www.capitalaccess.com.