TSL Express Daily News

Flatbay Capital LLC (“Flatbay”) (www.flatbaycapital.com) is pleased to announce that industry veteran, Jorge Puig (formerly at Bank of America) has joined Flatbay Capital as a Managing Partner. Jorge will join the firm’s credit committee, manage part of the business development team, and collaborate with founder Elliot Smith on expanding the firm's bank relationships.

Prior to joining Flatbay, Puig spent over 10 years at Bank of America, initially as a Sr. Credit Officer and most recently as Market Manager covering South Texas and Louisiana. Jorge managed a team of commercial bankers that helped double the size of the Bank’s loan portfolio by helping hundreds of companies access commercial lending to fuel their growth. Jorge was a 9-time winner of the Pinnacle/Top Gun Club, and a member of the Houston Hispanic Business Council, The Entrepreneurship Institute, BofA Emerging Leaders, National D&I Council, and the Market President’s Leadership Team. Jorge is also a U.S. Navy veteran, having served in the Persian Gulf during the early 1990s.

Jorge Puig shared his thoughts on joining the growing real estate lender: “Banks play a huge role in our economy by providing capital and valuable services; however, there are thousands of great businesses that lean on ABL and alternative lenders because they don’t quite check all of the bank’s boxes. Flatbay exists to serve that under-banked segment. And as ex-bankers that have worked through previous dot.com, real estate, and energy downturns, our focus is not only on a company’s financial results, but also on the strength of assets and management teams.  Every deal we close should be a win for their current bank (because we relieved them after they just threw 8 tough innings), the client (because we provide more time to navigate rough seas), and for Flatbay Capital.”

Elliot Smith, Managing Partner had this to add “Flatbay is truly blessed to have Jorge join as a Managing Partner. Not only have Jorge and I been friends for many years, but his skill set also perfectly complements our needs. I look forward to growing the business together and helping lower middle market companies in need.”

Flatbay Capital LLC is a privately-held commercial real estate lender that focuses on owner-occupied real estate ($1MM+) across major markets nationwide. They offer creative deal structuring for non-bankable deals, often when an incumbent bank is out of options. Flatbay’s mission is to provide reasonably priced capital that acts as a bridge for operating companies to find their way back to profitability, and become bankable again. The firm partners with banks, asset-based lenders, and strategic advisors.

www.flatbaycapital.com