Flatbay Capital

Founded in 1973, our client is an international catalyst-handling company for the refining, chemical, petrochemical, and processing industries. They started as a relatively small business in the United States but, after a series of acquisitions, they expanded into five other countries, eventually becoming a world leader in their field.  In 2018, the company re-established their presence in the US and purchased property to house American operations. Unfortunately, their return to the US was dominated by the pandemic, and their performance suffered. Between 2018 and 2022, they tried to establish banking relationships, however, banks wanted to see a longer period of financial strength beyond what the operation currently had. The catalyst handlers needed a temporary haven to give them the necessary time to develop, so another specialty finance lender referred them to Flatbay Capital.  Flatbay Capital provided a $4.4MM commercial real estate loan to pay off existing notes and provide cash out for working capital needs. “We are very thankful that our partner firm reached out to us in this company’s time of need. The pandemic has caused many businesses to struggle and we are happy to provide this next stepping stone,” managing partner of Flatbay Capital, Elliot Smith, says. The catalyst handler is projected to become bankable within the next 18 months. We can’t wait to see their expected turnaround shortly! Flatbay Capital specializes in non-bank commercial real estate loans/lines $1MM+ secured with owner-occupied commercial real estate. To learn more about non-bank, owner-occupied CRE financing visit: www.flatbaycapital.com or connect with your local BDO: Vivian Thompson (Houston) + Lili Tafilaj (Houston) + Scott Deal (San Antonio) + Jesus Becerra (Austin) + Adam Gwin/Stephanie Roehm (Dallas-Fort Worth) + Steve Hansen + Eric Jackson (Atlanta) + Adam Reese(Denver/Kansas City) + Brent L. Coesens (Phoenix) 

🎉 Cheers to a prosperous New Year! We're looking forward to another year of helping businesses pave their way back to bankability in 2025 🚀 Connect with your local BDO for your valued clients this year: Vivian Thompson (Houston) + Lili Tafilaj (Houston) + Scott Deal (San Antonio) + Jesus Becerra (Austin) + Adam Gwin/Stephanie Roehm (Dallas-Fort Worth) + Eric Jackson/Steve Hansen (Atlanta) + Adam Reese (Denver) + Brent L. Coesens (Phoenix)

May your holidays be as bright as the opportunities we help create! Merry Christmas from your Flatbay Capital team: Vivian Thompson (Houston) + Lili Tafilaj (Houston) + Scott Deal (San Antonio) + Jesus Becerra (Austin) + Adam Gwin/Stephanie Roehm (Dallas-Fort Worth) + Eric Jackson/Steve Hansen (Atlanta) + Adam Reese (Denver) + Brent L. Coesens (Phoenix)

Flatbay Capital is proud to announce another addition to the team, Brent Coesens, VP Business Development Officer in Phoenix, Arizona. Brent has extensive experience in commercial lending, consumer lending, treasury, cash and portfolio management. He will work closely with Scott Deal, the Central Texas Market President, to grow Flatbay’s influence by increasing brand visibility, developing professional relationships within the CRE landscape, and assisting businesses in turnaround. “Brent’s expertise in Commercial lending and his passion for community involvement is the perfect combination as we expand westward. I’m glad to have him on my team and can’t wait for the new year,” Deal says. Brent has over 20 years of experience in retail banking, commercial banking and the financial services industry. He's held positions as VP Sr. Business Banking Relationship Manager at PNC Bank, National Bank of Arizona and Silicon Valley Bank and Financial Center Manager at National Bank of Arizona, Comerica Bank and Washington Mutual Bank. During his career, he has managed two successful Scottsdale financial centers, along with leading a business development team for a successful mortgage and commercial lending broker, Great West Lending in Phoenix, AZ. He has an exemplary track record in business development and strategically directing, leading, and coaching high-performing teams. This will make him a key player in jump starting Flatbay’s growth in the Southwest region. Brent stays active in his community and is involved in local non-profit organizations, including Arizona Magic Community Outreach, March of Dimes and Junior Diabetes Foundation. He has held several leadership roles for local and international networking groups, most recently as Secretary-Treasurer for BNI (Business Network International) Connect with Brent: https://lnkd.in/ezhS8fj9

Flatbay Capital is proud to announce the addition of Eric Jackson to run Business Development in Georgia for Flatbay Capital. Eric brings 30 years of experience in the finance industry and will be a great addition to our originations team. As a BDO in Atlanta, Georgia, Eric will work closely with Adam Gwin, the Dallas-Fort Worth Region Manager, and will drive Flatbay’s growth and influence in the SE by increasing brand visibility, developing professional relationships, and assisting businesses in turnaround mode that need non-bank capital. “Eric’s experience, professionalism, and passion align with what Flatbay is all about — helping businesses that have fallen through the cracks,” Gwin says. “We’re very excited for him to start and can’t wait to see what 2025 has in store for us.” Eric's career in banking took off after mentorships with key figures, graduating from college, and then working for: MBNA America Bank (now Bank of America), Merrill Lynch, First Union Bank (now Wells Fargo), RBC, Ameriprise Financial Services, LLC, American Express and Guaranty Bank/ Best Bank. Eric's entrepreneurialism is equally as impressive, having founded and sold a distance-learning company, helped companies obtain over $500M in capital, managed over $500M in investment assets and has owned a boutique strategic planning, business development and capital funding company for the past 15 years. Eric has learned the art of sales, operations, credit underwriting, business management and consulting, which makes him a key player in jump starting Flatbay’s growth in the Southeast region. Learn more about Eric's background here: https://lnkd.in/ge8npzsW

With 2024 coming to an end, Flatbay Capital celebrates another prosperous year! Though we are so grateful for our referral sources and the companies we have helped, we know without our team we would not be able to do any of it. As 2025 peeks around the corner, we are excited to embrace the newest possibilities and our newest team members! Welcome again, Jesus Becerra (Austin), Stephanie Roehm (Dallas-Ft Worth), Eric Jackson (Atlanta-SEC) and Brent Coesens (Arizona-Desert Mountain States). 🎉 Cheers to: The Top Producers who went above and beyond for businesses: Lili Tafilaj and Vivian Thompson. The Artist of the Year who brought laughter and leadership: Scott Deal. The Rookie of the Year who accepted any challenge thrown at him: Kynan Wunderlich. The #GSD of the Year who wears multiple hats: Barbara McLaughlin

The Texas First Bank team, Alvin and Oscar, received their engraved trophy just in time for the holidays! 🎄 🎁 See y'all next year!

As we close out the year, we’re reflecting on the inspiring businesses we had the privilege to support in 2024. From startups to long-standing family enterprises, every business showcased perseverance, innovation and exited our CRE loan program stronger than ever. Flatbay Capital is proud to have provided the strategic financing solution that helped these businesses overcome challenges and achieve incredible turnarounds. 📌 Highlights include: A thriving serial entrepreneur’s Austin venture A resilient family roofing business A revitalized Houston pipe coating company A growing San Antonio auto repair shop A global avocado farm rooted in family tradition To learn more about non-bank, owner-occupied CRE financing visit: https://lnkd.in/etNB2WV4 or connect with your local BDO: Vivian Thompson (Houston) + Lili Tafilaj (Houston) + Scott Deal (San Antonio) + Jesus Becerra (Austin) + Adam Gwin/Stephanie Roehm (Dallas-Fort Worth) + Steve Hansen (Atlanta) + Adam Reese (Denver/Kansas City)

Our 2024 Pickleball Classic photos are here! To access the full gallery please click the link below: https://lnkd.in/gqMSn_vd

Flatbay Capital's 2024 Pickleball Classic Highlight! We can't wait for the next one!