ST. PETERSBURG, Florida- Bison Financial Group, an entrepreneurially driven real estate advisory firm based here announces the closing of a $1,160,000 fixed-rate loan to acquire a freestanding building leased to Family Dollar. The property is located in Largo (Pinellas County), Florida and the loan was placed with a regional bank.

Bison represented the borrower, a North Carolina investment group utilizing proceeds from a 1031 exchange. Bison was introduced to the buyer by the investment sales broker at a nationally recognized brokerage firm. "With the 1031 exchange scenario we had to move quickly to secure acceptable financing to meet the intense time requirement", said Jared Repka, one of the principals of Bison. "We were brought into this transaction pretty late, but were able to close the loan just in time to satisfy our clients' 1031 exchange at a stunningly low fixed rate." The 5-year loan was structured with a 25-year amortization and a fixed interest rate of 6%.

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.