Flatbay Capital Announces Funding of $5.9MM CRE Line of Credit

On December 30th, 2022, Flatbay Capital LLC closed a $5.9MM commercial real estate secured line of credit for a large general contractor in Houston. We also introduced an equipment lending partner and together we were able to fully pay off the bank before year's end. Our proceeds provided a seven-figure cash out that was used to reduce AP and inject liquidity to take on new contracts.

Congrats to Scott Deal on his closing and a big thank you to the Truist banker for referring the deal to Flatbay Capital LLC! The client was not quite ready for bank financing but will be in the near term. We look forward to having the referring banker pay us off when the borrower qualifies for bank financing.

Read more about this deal here.

Flatbay Capital LLC specializes in non-bank commercial real estate loans/lines of $1MM+ secured with owner-occupied commercial real estate.