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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.
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