Flatbay Capital’s latest funding is a $2.5 million Owner-Occupied Commercial Real Estate Bridge Loan for a headquarters in Austin, Texas.

About the Company

Our client is no stranger to entrepreneurship and in 2019 they decided to invest in a new venture, placing their headquarters in Austin. The commercial building is used to support several businesses in beverage hardware, lighting and commercial products distribution.

The Situation

Our client needed to tap into the equity of their free and clear property to support the working capital needs and accelerated business growth. The company is not necessarily a “turnaround” per se, because they are EBITDA positive.

However, they are a relatively new organization with limited historical revenue, rendering banks unable to help with the loan.

A turnaround management consultant reached out to Flatbay to help with the company’s lending request.

An Equitable Solution!

Flatbay desired nothing more than to support this successful serial entrepreneur with their new venture.

"This is not a company that Flatbay expects to keep on the books for long. They have excellent management and clear vision as they continue on this path of accelerated growth. It's truly gratifying to help them in a time of need while they position themselves for conventional bank financing." – Scott Deal, BDO/Partner of Flatbay Capital.

We provided a $2.5MM commercial real estate loan with flexible terms tailored to fit the entrepreneur’s needs. We believe this deal to be a true bridge loan as the client will be on track to be bankable in the near future.

A big thank you to the client for partnering with Flatbay Capital! We can’t wait to see them grow!