Flatbay Capital LLC Closes $2.8MM CRE Loan for Apparel Manufacturer

Flatbay Capital LLC (“Flatbay”) (www.flatbay.com) announces the closing of a $2,800,000 commercial real estate loan for a national school apparel manufacturer and distributor. The deal was referred to by an asset-based lender and partner of Flatbay who focuses primarily on non-CRE collateral. The client’s working capital line of credit with a large national bank was up for renewal, and although their cash flow position was strong, the bank required a partial pay down to limit exposure. The property, owned free and clear, was used as collateral for the loan and provided the perfect solution to secure the cash quickly and satisfy the needs of their bank.

Flatbay’s Business Development Officer, Scott Deal, stated, “When working on this referral, it was important to me to communicate with their existing bank and get the green light to enter into an agreement with the client. We worked together to come up with a solution that benefited all parties.” 

Flatbay Capital LLC provides owner-occupied real estate loans ($1MM+) across all major Texas markets. They offer creative deal structuring for non-bankable deals, competitive rates, and bring value to banks, asset-based lenders and their clients.

www.flatbaycapital.com