ST. PETERSBURG, Florida- With lenders decreasing their level of risk in a tumultuous marketplace, it was to no surprise to David Repka, founder of Bison Financial Group, that his soon-to-be new client had a major problem with his existing lender. During due diligence, a minor title issue arose where two parcels had been pieced together to form one larger tract for development. While the lender agreed to fund the land acquisition, they would not fund the construction portion of the project until the title issue was resolved, which could take months and put the client in a bad position with his tenants expecting a certain move-in date. The client started construction of a 10,400 sf shopping center using their own out-of-pocket funds and wondered if Bison could find a new lender who understood the title issue would get resolved in due time, but would still fund the construction costs and keep the project moving forward.

With the site work complete and the exterior walls being erected at a furious pace, the Bison Brothers would need to save the day once again. The Founders of Bison, David Repka and his brother, Jared Repka, have built a reputation for closing complex real estate deals by being able to clearly define a borrowers needs and match them with the right lender to provide a positive outcome for all parties. Within days, loan terms were agreed upon, and 3 weeks later another satisfied client had closed on a new acquisition and construction loan for $2.4mm without having to stop construction on the project.

According to Jared Repka of Bison, "Needless to say, the original lender was quite shocked to learn that we were taking them out of this deal after only a few weeks, but their reason for limiting construction funding forced our client into having to make a move in order to preserve capital and keep the construction schedule on track."

Bison is an advisor to a network of local, regional, national and international real estate entrepreneurs that buy and develop properties in Florida and select markets nationwide. Bison funds development/ value-added properties and stabilized income producing properties.