ST. PETERSBURG, Florida - Bison Financial Group, Inc., a real estate advisory firm based here announces the closing of a $3,321,000 loan to acquire an 80,000 sf Orlando, Florida neighborhood retail strip shopping center. Tenants include a freestanding Walgreen's, Dollar General, Appliance Direct and a mix of 'Mom & Pop' local businesses. The lender was a community bank that Bison has placed multiple loans with since 1997.

Bison represented the borrower, a New York based investment group, that purchased the under performing asset from the REO department of a major national financing firm. "Our client was able to purchase a good, solid property at an aggressive price and we were able to place the loan with a lender who understood the Orlando market and this property's potential", said Jared Repka, one of the principals of Bison, "There are good deals still to be found out there, but you have to turn over a lot of stones." The non-recourse, 20 year amortizing loan was structured with a 15-year term and an initial interest rate of 5.5% for the first five years.

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 and numerous portfolio and capital markets programs.