CLEARWATER, FL - Bison Financial Group, Inc. a mortgage brokerage business based here announces the first loan closing for their revolutionary new loan product: The "No Pain" Mezzanine Loan program. This loan program was designed to give real estate entrepreneurs the critical elements they have asked for in a commercial real estate loan:

- High leverage; Low Cost; Fast Closing; Reliable; Non-Recourse.

Bison placed this $4,880,000 loan on a 158 unit apartment complex located in Tampa with 30,000 s.f. of commercial retail space with a unique local lender. According to David Repka, President of Bison, "What makes this loan special is that it attains high leverage at a low cost to the borrower. By using senior and junior debt we were able to attain close to 90% loan to cost financing at sub prime rates. Traditionally, a junior lender would charge 12-18% interest for the mezzanine piece. With subordinated debt at rates this low, the projected cash on cash return for the real estate investor is quite compelling."

Bison Financial Group, Inc. specializes in arranging debt and equity capital for commercial real estate transactions with intense time pressure.