CLEARWATER, Florida - Bison Financial Group, Inc., a commercial mortgage brokerage business based here announces an 11 day turnaround time from first contact with the borrower to funding. A new first mortgage was placed on the subject property, a 163 unit apartment complex located in Charlotte, NC. The loan amount was $2,250,000 which represented approximately 90% of the purchase price.

David Repka, President of Bison Financial says, "This was a challenging deal, but that is what we thrive on. The original institutional lender for the transaction pulled out at the eleventh hour, but luckily the real estate broker handling the purchase was a long time contact and knew we could help. He called me at 3pm on a Wednesday and by that Friday at 1pm we had agreed upon a business deal and established an inspection for the property on Sunday. Everybody worked together to close the deal in a record time for our firm, 11 business days!" 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."