CLEARWATER, FL - Bison Financial Group, Inc., a real estate investment advisory firm here announces that one of its clients has successfully completed the closing of an equity based credit facility intended to recapitalize a partnership that owns a 448 unit apartment property located in Miami, Florida. Bison participated in arranging the equity placement for the transaction.

The client, an investment partnership based in Clearwater acquired a general and limited partnership interest in the partnership that owns, controls and manages the property. According to David Repka, co-founder of Bison, "the property's compelling location and large unit sizes should generate significant increases in rental rates and net operating income once the planned $5 million rehab takes hold."

Dennis Bradford, a partner in the development company that made an investment says, "at this stage of the economic cycle it is increasingly harder to find opportunities to acquire under performing real estate that can be enhanced through a value added process. We have been fortunate to add properties to our portfolio by thinking "outside the box" and being willing to make non-traditional investments."

Bison's client currently owns or controls over 1,000 apartment units in Florida. Bison Financial Group, Inc. specializes in arranging debt and equity capital for distressed real estate and transactions with intense time pressure. For more information visit Bison's web site at www.bisonfinancial.com.