CLEARWATER, Florida - Bison Financial Group, Inc., a commercial mortgage brokerage business based here announces a 21 day turnaround time from loan commitment to funding. A new first mortgage was placed on the subject property, a 90 unit apartment complex in Pinellas County, Florida. The loan amount was $1,775,000 which represented 82% of the purchase price.

David Repka, President of Bison Financial says, "This was a challenging deal, but that is what we thrive on. If the transaction had not closed by December 31, the buyer would be obligated to pay the seller substantial additional compensation. Everybody worked together to close the deal on a fast track schedule." The lender was a New York based private institution that has closed loans in the past in as quick as 5 days.

Repka sees similarity to his company's namesake, the American Bison and his company. "A Bison can go from a standing start to 30 miles an hour in as little as 3 steps", according to Repka, "we keep that in mind when we are working on deals. We pride ourselves on our ability to quickly get up to speed on a transaction and get it closed.