Flatbay Capital Provides $2.2MM CRE Loan for Commercial HVAC Company

Flatbay Capital LLC (“Flatbay”) (www.flatbay.com) announces the closing of a $2,200,000 commercial real estate loan (industrial/warehouse) for a North Texas HVAC, plumbing, and pipe contractor. Operating successfully in DFW for over 30 years, the business recently pursued large-scale projects in new markets that were not profitable and faced challenges collecting retaining upon completion of work. The regional bank chose to reduce its credit exposure and approached Flatbay Capital for a possible refinance.

Flatbay’s Business Development Officer, Eric Niehaus, stated, “The closing of this deal was a tremendous win for all parties involved. The bank improves its balance sheet position before FYE, the borrower has greater financial flexibility today, and Flatbay Capital continues to show its credit products are filling a major void in the marketplace.”

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