Flatbay Capital LLC Provides $4MM Real Estate Bridge Loan for Houston-based Valve Distributor

Flatbay Capital LLC (“Flatbay”) announces the closing of a $4,000,000 commercial real estate loan for Houston-based A&L Valve (“A&L”). Working capital was required to help reduce a significant amount of accounts payables, as well as payoff their existing national bank who recently downgraded the credit. Due to A&L’s recent financial performance, the incumbent bank was unable to refinance the owner occupied real estate. Taking the time to understand the client’s current situation, growth potential and given the substantive equity in the property, Flatbay was able to provide a 1st lien bridge loan. When the economy stabilizes, A&L will be positioned for growth and on the path back to traditional financing.

Flatbay Capital LLC is a non-bank provider of alternative asset-based financing solutions, offering creative deal structuring and competitive rates in the private debt category ($1MM+).  They bring value to banks and entrepreneurs by partnering on deals that may not fit a traditional credit lending policy, and focus primarily on owner-occupied commercial real estate in the major Texas markets. 

www.flatbaycapital.com