The Situation?

Backed by a substantial investment from a $3B single-family evergreen fund, our client is currently in a "near revenue" phase and forecasting positive EBITDA in 2023. With their next capital raise on the horizon, in addition to a pending loan subsidized by the Department of Energy, access to interim working capital was needed to fulfill orders for large blue chip contracts.

A Tailored Solution!

With zero existing debt on the owner-occupied CRE, we extracted equity from this asset, providing a 3-year interest-only term loan with flexible terms tailored to fit their needs. This infusion of working capital will allow them to ramp up assembly lines, handle the increased volume, and continue on their path to rapid growth. The Flatbay Capital team is excited to be part of their future success story!

"Given my client's 'easy access' to deep pockets as an obvious alternative in this high-interest rate environment, I am reminded once again, that in most cases...debt is cheaper than equity. Providing debt in a non-bank space directly fuels our country's economy, and in this particular case... will help contribute to a greener earth for generations to come," Emily Rommel, Flatbay Capital Senior Vice President.