ST. PETERSBURG, Florida - Bison Financial Group, Inc., a real estate advisory firm based here announces the closing of a $1,750,000 loan to refinance existing higher interest rate mortgage debt on a 38,300 sf Fort Myers, Florida neighborhood retail strip shopping center. Tenants include a 25,300 sf telemarketing call center and a mix of 'Mom & Pop' local businesses. This is the second Florida commercial loan Bison has arranged for the principals of this property. The lender was a community bank that Bison has placed multiple loans with since 1997.

Bison represented the borrower, a longtime veteran of the Florida commercial real estate market. "With the aggressive interest rates we're seeing in today's commercial lending market it makes sense to refinance to either: pull cash out, shorten the term or increase cash flow", said Jared Repka, one of the principals of Bison, "There's no guarantee it will last much longer and many of our longtime clients are taking advantage while money is cheap and plentiful." The non-recourse, self-amortizing loan was structured with a 15-year term and an initial interest rate of 6.25% for the first five years.

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. For more information on Bison Financial Group, Inc. please visit www.bisonfinancial.com.