February 21, 2008
Issue: 15.2
Duck & Cover!
 
Greetings!
I attended the annual Commercial Real Estate Finance trade show in Orlando earlier this month with about 3,000 commercial real estate lenders and mortgage bankers. When I wasn't hearing stories filled with doom & gloom I was being handed a resume from another out of work banker.


While it seems that many commercial lenders are practicing "the old duck & cover maneuver" others see this as a time of unprecedented opportunity not seen since the RTC/FDIC days. We have relationships with lenders that are still writing loans. Over the last 3 months we have closed over $54 million of transactions in the greatest liquidity crisis of a generation.

Since 1994 Bison has been the "go to" resource for wealthy real estate entrepreneurs to find capital and compelling investment opportunities. Let us know how we can be of service.

Best wishes,
David Repka
Bison Closes Land Loan on Shopping Center Site in Hot Nashville Submarket
 
St. Petersburg, FL - Bison Financial Group, a real estate advisory firm based in St. Petersburg, FL saw tremendous opportunity in a vacant 26.14 acre site surrounded by National retailers such as Lowe's, Home Depot, Publix, Kroger, Target and Kohl's in Smyrna, an up and coming submarket of Nashville, TN. National retailers would want to be in this growing, affluent retail hub.

With lenders decreasing their exposure on unimproved land Bison's client was running into walls. The borrower faced a tight timeline to acquire the last parcel of a land assemblage to build a 270,614 sf shopping center. Bison introduced a private lender to this transaction that closed 19 days later. According to David Repka, founder of Bison Financial Group, "This did not beat our record of 8 days to closing, but given the increasingly tight underwriting atmosphere we are proud to have delivered funding that accounts for over 90% of the pre-development cost structure."

...CONTINUED

Learn More
 
In This Issue
Bison Closes High Leverage Land Loan
Bison Funds S. Florida Office Complex
Looking for Opportunities
Bison Funds S. Florida Office Complex

Bison closes loan in 17 days after "household name" lender leaves borrower at the altar.

Looking for Opportunities

We have been engaged by a private investment group to locate compelling investment opportunities in Florida and select markets nationwide.

We will consider existing properties that need to be repositioned as well as ground up development deals. Multi-tenant, income producing commercial properties are at the top of our list.

Provided we can generate our target returns we are pretty flexible on deal structure and will entertain outright purchases, joint ventures, highly leveraged structured debt and participating equity.

Contact David Repka at 727-289-4400
Bison Track Record
Learn More

 
David Repka
Bison Financial Group  -  727-289-4400
No Maybes
Tired of being told "maybe" by your current lenders? At Bison Financial Group we say Yes! or No! on the first phone call. Our deal flow has increased substantially in the last couple of months. Since we learned our trade in the wild and crazy RTC/FDIC days of the late 1980s and early 1990s we interpret this to mean that underwriting criterion and regulatory scrutiny has tightened down considerably. Our track record at closing complex transactions in as little as 8 days speaks for itself. When you are tired of the run around... please call or e-mail. We typically just need 3 pieces of paper to sniff test a new opportunity: Executive Summary, Proforma and Source/Use of Funds.