CLEARWATER, Florida - Bison Financial Group, Inc., a commercial mortgage brokerage business based here continues its stampede in the first half of 1998 with the announcement of three multifamily loan closings in the past 30 days. In keeping with their promise of "closing deals without delays", each transaction had a 45 day turnaround time from preliminary review to funding.

A new first mortgage was placed on the following three properties: An 88 unit apartment complex in Seminole County, Florida with a loan amount of $1,600,000; a 70 unit apartment complex in Palm Beach County, Florida with a loan amount of $2,215,000; a 39 unit apartment complex in Pinellas County, Florida with a loan amount of $810,000. All three loans represented a high loan to value and were placed with a New York based private lender.

Bison Financial Group, Inc. has developed a reputation for buying, selling and financing distressed commercial real estate deals that require a quick turnaround time.