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03/04 Press Release
 
 
 

Bison Closes Difficult Loan
for Indianapolis Multifamily Acquisition

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.