CLEARWATER, FL - Bison Financial Group, Inc., a mortgage brokerage business based here announces it has closed an acquisition & development loan on the vacant land surrounding the Imperial Lakewoods Golf and Country Club (http://www.imperiallakewoods.com). The property is located in the booming I-75 corridor in Manatee County, Florida just a mile north of the interchange with I-275 which leads to the Sunshine Skyway and Pinellas County.

"Imperial Lakewoods Golf and Country Club currently plays 60,000 rounds of golf a year. As construction progresses and an additional 600 families move to Imperial, the golf course will be expanded in phases from 18 to 36 holes," said Dennis Bradford, a member of the development team.

According to David Repka of Bison Financial Group, "Imperial Lakewoods will have three distinct residential neighborhoods, the Fairways which will feature luxury executive golf front homes by Ryland Homes (the Nation's 5th largest building company); Waterford which will feature lakefront single family homes primarily geared toward the retirement and preretirement market by Florida Dream Communities and The Arbors which will feature maintenance free attached patio homes and villas. There is also a 17 acre commercial retail site that is being marketed to developers of hotels, restaurants and gas/convenience stores.

A line of credit for $2,750,000 was placed through a local community bank. The developer anticipates land sales to be $24,000,000 and the retail sell through to exceed $100,000,000 once all available single family, multifamily and commercial sites are built out.

The borrower, originally from the Midwest has quietly built a substantial 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. They have acquired income properties as well as development opportunities", said Repka.