Flatbay Capital closed a $2 million interest-only CRE bridge loan for a Texas dental management group. The group’s bank declined to renew its existing mortgage and line of credit. Secured by a first lien on the borrower’s owner-occupied office facility and a second property, the loan retired existing bank debt and provided the liquidity needed to resolve outstanding obligations and exit a bank workout. The three-year bridge gives the borrower time to rebuild cash flow and return to conventional financing.
The transaction was originated by Stephanie Roehm, business development officer at Flatbay Capital.
