Flatbay Capital Provides $2.5MM CRE Line of Credit to Oilfield Equipment Manufacturer

Flatbay Capital provided a $2.5 million commercial real estate line of credit to an established Texas energy services company specializing in machining, fabrication and oilfield equipment support.

The three-year, interest-only facility refinanced an existing bank facility and provided additional working capital. The financing is secured by the company’s industrial real estate in West Texas. This is the second portfolio company Flatbay has financed for the same private equity firm.