ST. PETERSBURG, Florida - Bison Financial Group, Inc., a real estate advisory firm based here announces the closing of a $580,000 self-amortizing loan to acquire a garden style apartment property located in St. Petersburg, Florida. The lender was a community bank that Bison has placed multiple loans with since 1997.

Bison represented the borrower, a local investor looking to acquire a Florida property with proceeds generated from a 1031 Exchange on a property in Utah. "Due to the strength of both our client and the property itself we were able to offer either a five year mini-perm loan or a fifteen year self-amortizing loan", said David Repka, one of the principals of Bison. "When we ran the numbers with our client the 15 year self-liquidating loan with no balloon risk and predetermined rate bumps in years 6 and 11 made the most sense. When our client is ready to retire she will own this property free and clear and have benefited from the lowest interest rate environment in 40 years." The self-amortizing loan was for 75% of the purchase price and structured with a 15-year term and a starting interest rate of 5.5%.

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 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.