CLEARWATER, FL - Bison Financial Group, Inc. a mortgage brokerage business based here announces that it has closed it's fifth consecutive apartment loan with the same borrower and same lender. All these transactions have occurred within the past 13 months. A new first mortgage was placed on the subject property, a 42 unit apartment complex located in North Redington Beach, Florida. The loan amount was $1,440,000 which represented approximately 90% of the purchase price.

"It just makes sense," says David Repka president of Bison, "by now the borrower, the lender and their respective counsels have done enough transactions together that the process has become relatively effortless. We have developed into a closing machine. That is the value of relationships and long term contacts." The borrower, originally from the Northeast has quietly built a substantial apartment portfolio by opportunistically acquiring "value added properties" in Tampa Bay, Greater Orlando and The Gold Coast. "The investment group seeks properties that are under the "radar screen" of institutional investors. The borrower and lender view properties with flat roofs, asbestos or deferred maintenance as opportunities not deal killers", said Repka.

While this loan closed in 24 days, Bison Financial Group, Inc. has earned the reputation of closing hard to place transactions in as little as 11 business 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."