ST. PETERSBURG, Florida - Bison Financial Group, Inc., a real estate advisory firm based here announces the closing of a $1,300,000 refinance loan on a neighborhood retail center located in Melbourne, Florida. The lender was a community bank that Bison has placed multiple loans with since 1997.

Bison represented the borrower, a Midwest investment group which owns over 30 properties nationwide after they were left at the alter by a previous lender. "We had some issues to overcome such as nearly 100% tenant turnover within the last 12 months", said David Repka, one of the principals of Bison, "With the property being across the street from a regional mall we needed a lender that could make a subjective judgment as to the intrinsic value of the property which was not being properly portrayed in the hard and cold numbers and still do the deal on a non-recourse basis." The non-recourse loan was structured with a 5-year term and a fixed interest rate of 6.25%. Tenants at the property are a mix of national and local tenants including: Mattress Giant, Bell South, Hot Springs Spa, Compumart and others.

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 has an array of unique and dependable sources of private and institutional capital willing and able to lend on stabilized and turnaround properties in all shapes, sizes, conditions and locations. Bison has closed complex loans on commercial real estate in as little as 11 business days.