The Situation:

The automotive company recently had management changes due to the death of their founder and president. During this transition, losses landed them in their bank’s special assets group.

The Solution:

Flatbay provided them with a bank payoff that preserved the equity in their property by avoiding foreclosure. Not only were we able to be there for a family business in a time of need, but we were a transition lender as they positioned themselves for a sale to a world-recognized car parts company.