Flatbay Capital Structured $2.5MM in CRE-Secured Financing for Oilfield Equipment Manufacturer

Written By William Bounds

An established West Texas energy services company had valuable industrial real estate, but its existing bank structure was limiting flexibility and additional working capital was needed.

Flatbay Capital structured $2.5MM in CRE-secured financing to refinance the existing bank facility and provide additional liquidity. The three-year, interest-only line of credit gives the company greater flexibility as it continues operating across its machining, fabrication and oilfield equipment businesses.

The borrower is a portfolio company of a private equity firm that has previously worked with Flatbay Capital, marking the second company within the firm’s portfolio financed by Flatbay.

William Bounds
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