CLEARWATER, Florida - Bison Financial Group, Inc., a mortgage brokerage business based here has arranged two permanent loans totaling $2.775 on two 48 unit apartment complexes located in Sarasota, Florida. The loans were placed with a FNMA DUS lender and the borrower was a Colorado based investment group. The interest rates of 7.93% and 8.27% are fixed for a 10 year term and are payable over a 30 year amortization schedule.

This type of loan has a unique earn-out feature that allows the borrower to re-leverage the property as the value increases. "This loan program offers a real estate entrepreneur the best combination of rate, terms and flexibility," comments David Repka, President of Bison. "This non-recourse loan program offers tremendous flexibility to re-size the loan either to facilitate a sale or for a cash out refinancing."

Bison Financial Group, Inc. specializes in arranging debt and equity capital for commercial real estate transactions with intense time pressure. Since the firm was founded in 1994 Bison has closed approximately $200 million in transactions.