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3/98 Press Release
     
 
Local Multifamily Loan Closes in 28 Days
 

CLEARWATER, Florida - Bison Financial Group, Inc., a commercial mortgage brokerage business based here announces a 28 day turnaround time from loan commitment to funding. A new first mortgage was placed on the subject property, a 52 unit apartment complex in Lee County, Florida. The loan amount was $1,200,000 which represented 80% of the purchase price and renovation budget.

Bison is a licensed Florida Mortgage Brokerage Business with the ability to broker, as well as purchase for its' own account, various forms of discounted and/or defaulted residential and commercial real estate notes and mortgages, time share paper, structured settlements, annuities and lotteries. They also arrange bridge financing, joint ventures and A&D loans.

David Repka, President of Bison Financial says, "We are not cookie cutter financiers. We are willing to look at properties off the beaten track; forlorn orphan property that nobody wants or complicated deals that nobody has figured out how to put together. Plus, we get it done when time is of the essence."