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1/01 Press Release
     
 
Bison Closes $1.175 million Acquisition Loan on Tampa Office Building

CLEARWATER, FL - Bison Financial Group, Inc., a mortgage brokerage business based here announces the closing of a $1,175,000 acquisition loan on a 25,050 square foot office and retail complex located on Busch Blvd. in Tampa, Florida. The loan was placed with a Florida community bank and the borrower was a partnership formed by a Clearwater based investment group. The interest rate of 8.5% was fixed for a 3 year term and is payable over 25 years with no personal guarantees.

"While there were many moving parts to this transaction, everybody involved worked together to gather the necessary information in a timely manner to get it closed", mentioned Jared Repka, one of the principals of Bison Financial Group.

Bison Financial Group, Inc. specializes in arranging debt and equity capital for commercial real estate transactions with intense time pressure. Since the firm was founded in 1994 Bison has closed approximately $200 million in transactions.