ST. PETERSBURG, Florida - Bison Financial Group, Inc., a real estate advisory firm based here announces the closing of a $1,643,000 permanent loan to refinance a freestanding office building NNN leased by the Social Security Administration in Gainesville, Florida. The loan was placed with a portfolio lender and the borrower was an Ocala real estate developer. The proceeds of the loan were used to retire an interim construction loan.

"Since the 10-year government lease may be canceled after just five years we needed to think 'outside the box' to craft a loan structure that was acceptable to the borrower and lender. We were able to negotiate a nine year term to the delight of our client", said David Repka, one of the principals of Bison. The loan was based on 90% of the developer's cost and was at 7 ¼ % interest.

Bison works with investors and developers nationwide that invest in multi-tenant income producing properties and freestanding single tenant facilities leased to credit tenants. Bison has an array of unique and dependable sources of capital willing and able to lend on properties in all shapes, sizes, conditions and locations.

Bison helps real estate entrepreneurs buy, sell and finance investment real estate and has closed over $200 million in transactions since 1994.