ST. PETERSBURG, FL - Bison Financial Group, Inc., a real estate advisory firm based here announces the closing of a $4,500,000 construction loan for an entity controlled by Sarasota/Bradenton based developer, The Blackpoint Group, headed by Anthony Mazzucca. The project is located in Lakewood Ranch on the Manatee/Sarasota County border and is one of the State's hottest residential and commercial markets. The lender was a Florida based bank that Bison began a relationship with in 1999. The proceeds will be used to build a 56,000 sf SmartSpace commerce park.

The loan is a 2-year, interest only construction loan with an initial interest rate of 4.75% and a 5-year mini-perm option. This SmartSpace park is composed of 4-14,400 sf buildings divided into bays of 20' by 60' allowing incredible flexibility of configurations and finishes for office, showroom, warehouse and distribution tenants. The ownership is structured as a commercial condominium allowing individual buildings or bays to be purchased by tenants or investors. David Repka, one of the principals of Bison said, "Working with Mr. Mazzucca was a pleasure from start to finish as he's a true 'roll up the shirt sleeves, old school' developer."

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.