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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.
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