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8/03 Press Release
 
 
 

Bison Closes $2.5 Million Revolving Credit
Facility for Lakewood Ranch Office/Flex Space

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.