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ST. PETERSBURG,
FL - Bison Financial Group, Inc., a real estate advisory firm
based here announces the closing of a $900,000 loan for the
acquisition of a multifamily property located in Fayetteville,
North Carolina. The transaction marks the first successful
co-origination between Bison and it's affiliation with Bond
Street Capital's Charlotte branch office, First Capital Commercial
Funding. The lender was a Charlotte, NC based community bank.
"We were approached
by the borrower to provide financing on this property as a
result of our nationwide network with Bond Street Capital
and our recent advertising efforts", said Jared Repka, one
of the principals of Bison, "Knowing the borrower would be
better served by local representation we co-originated the
loan with our branch office in Charlotte, NC headed by Paul
Wilson." Representing the borrower, the loan was arranged
for a 10-year term with a fixed interest rate of 6.5%.
Bison works
with investors and developers nationwide that invest in multi-tenant
income producing properties and freestanding, single tenant
facilities leased to credit tenants. Bison is a Regional Branch
Office with Bond Street Capital, one of the nation's leading
commercial real estate lenders with an expansive branch office
system covering over 40 markets.
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