ST. PETERSBURG, Florida- Bison Financial Group, a real estate advisory firm based here, announces the closing of a land acquisition loan for an 11.44 acre site in Apollo Beach, Florida to be developed by Jacksonville, Florida based Business Condos USA. The project has been approved by Hillsborough County's Board of County Commissioners for the construction of 84,000 sq. ft. of retail and 40,000 sq. ft. of office space.

According to David Repka of Bison, "The SouthShore area of Hillsborough County, where Apollo Beach is located, is experiencing dramatic growth in the residential marketplace. New developments at Harbor Isles, Mira Bay and Waterset will bring over 7,000 new homes in the pipeline with a 57% population increase in the past 5 years alone! This new retail and office development will be perfectly situated to cater to the residents of Apollo Beach."

Bison represented the borrower, Business Condos USA, the nations largest retail condo developer. In the last 3 years they have reinvented the commercial real estate industry by creating ownership opportunities in luxury, mixed use developments that feature retail and office space that is for sale as well as for lease. After developing over 1 million sq. ft. in 14 projects in Jacksonville they have set their sights on the Tampa Bay market. The acquisition loan has a starting rate based on Prime and gives the borrower enough time to get their site plan approved and begin building the project. The anticipated sellout is over $24 million.

Bison advises a network of local, regional & nationwide developers that build projects in Florida and select markets nationwide. Bison funds development/ value-added properties and stabilized income producing properties. The principals of Bison are the Florida Partners for Regional Capital Group, one of the nations leading private, commercial real estate lenders.