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The Situation:
The family-owned hardware company hit hard times after losing their main supplier and over-expanding themselves. This landed the company in their bank’s special assets group where they could not use their real estate equity to carry them through the difficult situation.
The Solution:
Flatbay Capital converted their note to a $4.4MM CRE line of credit so the hardware store could use the interest cost savings. This was critical due to the business's seasonality.
Taylor West
SENIOR VICE PRESIDENT | CENTRAL TEXAS
REAL TERM SHEETS + COMPETITIVE TERMS + NO DSC REQUIREMENTS

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