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ST. PETERSBURG,
FL - Bison Financial Group, Inc., a real estate advisory firm
based here announces the closing of a $1,480,000 loan for
the acquisition of a 100 unit multifamily property located
in Indianapolis, Indiana. The loan was closed under Bond Street
Capital's 'Express Portfolio Program' and was co-originated
with Bond Street's Indianapolis, IN branch office, Bankers
Capital Network, LLC, headed by Ray Krebs.
"You guys took
an impossible transaction and got it financed", remarked Michael
Pierce, borrower. "With the St. Petersburg and Indianapolis
tag team effort, I feel as though my company should be able
to finance 'two men & a push cart.'" The self-liquidating
loan was arranged for a 30-year term with a start rate of
7.375% and required only 10% cash down from the borrower.
This was the second loan Bison arranged for the borrower and
the second co-origination with Ray 'Monopoly Man' Krebs at
Bond Street's Indianapolis, IN branch office, Bankers Capital
Network, LLC.
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. For more information on Bison
Financial Group, Inc. please visit www.bisonfinancial.com.
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