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6/99 Press Release
     
 
Bison Continues Its Run

CLEARWATER, FL - Bison Financial Group, Inc., a mortgage brokerage business based here announces the closing of a $1,150,000 loan on a 44,000 square foot neighborhood shopping center in New Port Richey, 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 California based investment group.

"We had many moving parts on this transaction," comments Jared Repka of Bison, "there were potential environmental concerns due to a former dry cleaning tenant and all the space was occupied by local "mom and pop" businesses. It required the right lender that understood the desirability of the real estate outweighed the lack of nationally known credit tenants."

Bison Financial Group, Inc. specializes in arranging debt and equity capital for distressed real estate and transactions with intense time pressure. For more information about Bison, visit their web site at www.bisonfinancial.com.