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ST. PETERSBURG,
FL - Bison Financial Group, Inc., a real estate advisory firm
based here announces the closing of a $2,500,000 revolving
construction credit facility for Sarasota based developer,
The Blackpoint Group, headed by Anthony Mazzucca. The project
is located in one of the hottest local markets at Lakewood
Ranch, which straddles Manatee and Sarasota Counties. The
lender was a Tampa based community bank.
"We were approached
by the borrower in early 2003 to assist them in securing financing
for several of their projects under development around the
country", said David Repka, one of the principals of Bison,
"Knowing the Lakewood Ranch area well, as it's located just
South of St. Pete, made this project extra special for us.
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 represented the borrower; a Sarasota based developer,
and arranged a 2-year, interest only loan with an initial
interest rate of 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 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.
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