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01/04 Press Release
 
 
 

Bison Closes Loan for North Carolina
Multifamily Acquisition

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.