Flatbay Capital Provides $5.6 MM CRE Loan for Arizona Logging Company

Flatbay Capital LLC (“Flatbay”) (www.flatbaycapital.com) announces the closing of a $5,600,000 loan for a logging company with multiple locations in Arizona, secured by an owner occupied commercial/industrial property with direct highway and rail access. The loan proceeds provided the necessary liquidity to pay off the incumbent lender, cash out for working capital, as well as funds to allocate towards expansion plans at the subject property.  

Flatbay BDO, Scott Deal, shared his thoughts on the relationship: “Although the company has historically been unprofitable, Flatbay was impressed with the strong leadership team and solid plans for growth. This entrepreneurial vision, plus the addition of a beautiful new facility, are intangibles that gave us the confidence to move forward when the banks could not. The bridge loan provided will help the company focus on operations to reach profitability and on a short path to traditional financing.”

Flatbay Capital LLC provides owner-occupied real estate loans ($1MM+) across major markets nationwide. 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