CLEARWATER, FL - Bison Financial Group, Inc., a mortgage brokerage business based here announces the closing of a $1,625,000 mini-perm loan used to buy and reposition a 116 unit apartment complex located in Titusville, Florida. The loan was placed with a community bank with whom Bison has closed several transactions in the past two years.

The purchaser was a New Jersey based investment group. The fixed rate loan was structured for a 24 month term at rates significantly below prime rate with no personal guarantees. The loan was closed in less than 30 days from application and one day before the latest 50 basis point increase in interest rates by the Federal Reserve.

"We were hustling to close this deal before the Fed raised interest rates since it would have meant a significant increase in the borrowers payments. We are very thankful that the closing team of Attorney Tom Nash and his legal assistant, Sharon Brown, of Macfarlane, Ferguson & McMullen were on the case," comments Jared Repka of Bison, "because of their skill and tenacity the borrower will save close to $20,000 in interest expense over a 2 year term."

According to David Repka, President of Bison, “We have a good team, systems and procedures to close time sensitive loans. Because we do so many of these fast paced loans the process has become quite simple and seamless with little stress on the borrower.”

Bison Financial Group, Inc. specializes in arranging debt and equity capital for commercial real estate and transactions with intense time pressure.