April 22, 2009
Issue: 16.4
Death, Dying and Commercial Real Estate
 
Greetings!
I'm getting ready to head out to Las Vegas for the Crittenden National Commercial Real Estate Conference. I will be spending three days with investors, developers and sources of capital that keep America building. The last few months have been devastating to the commercial financing industry.

To my liberal arts college educated brain the catastrophic shift in the global capital markets and how they impact us can be better understood through the ground breaking work of Swiss-born psychiatrist Elisabeth Kubler-Ross, M.D. (pictured) and her work on death and dying. I believe that her "Five Stages of Grief" from her 1969 book "On Death and Dying" can be applied to the current recession.




Dr. Kubler-Ross said, "There are Five Stages of Grief that people go through when faced with impending tragedy":

Denial - Example - "I feel fine. This is not happening to me."
Anger - Example - "Why me? It's not fair!" 'How can this happen to me?" "Toss those evil bankers in jail!"
Guilt/Bargaining - Example -"How can this be postponed?" "Can't I just get a little more time?"
Depression - Example - "What's the point?" "Why go on?" "Goodbye, Future!"
Acceptance- Achievement of understanding and peace. You can't really move on until you've gotten to acceptance. - Example - "It is going to be okay."

Where do you think we are?

Once you get to acceptance here are three steps to take to get through the rest of 2009:

1. Stay Calm - don't do anything rash or irrational. Get back to basics of what is really important. Spend more time with your friends and family. Go on vacation and clear your head.

2. Network - maintain core relationships and attract like minded folks. This is a contact sport and also a team sport. Make sure you are surrounded by folks you are willing to be in a foxhole with.

3. Zero Baseline Decision Making - assume every decision you've ever made in your life doesn't hold you back and you can start today with a clean slate. What business plan makes sense today? What areas will see growth? How do you allocate your time and capital to add quality to your life?

While many lenders are no longer originating real estate loans, there are others who are looking at this as an opportunity to build market share.
Since 1994 Bison has been the "go to" resource for real estate entrepreneurs in need of debt & equity capital for compelling investment opportunities.

Let us know how we can be of service.

Best wishes,
David Repka
Grave Dancing for Fun & Profit in the Financial Apocalypse

Want to know the secrets to how we are still structuring deals that will close in the Global Financial Meltdown?

Follow this link for a complimentary copy of our recent White Paper: Grave Dancing for Fun & Profit in the Financial Apocalypse (A common sense guide to structuring commercial real estate loans that will close & fund in this crazy economic climate)

 
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In This Issue
Free White Paper
Student Housing Loan
Opportunity Funds are Buying
Sarasota Business Park
We Have Sources of Capital
Bison Track Record
Bison Secures Construction Loan on Student Housing
 
 

ST. PETERSBURG, Florida- The Tyvek was torn, shredded and flapped forlornly in the breeze.... 

Opportunity Funds

We have several funds looking to acquire REO assets as well as performing, sub-performing and non-performing debt. Will consider investment opportunities in Tampa Bay as small as $500k or Nationwide $3+ million. Please contact David for more information.
 
Sarasota Business Park Starts Construction

A new LEED Certified business park is under construction in Sarasota, FL on US301 just North of University Parkway. The property is near the Sarasota/Bradenton International Airport and has commercial condos and retail pads available for sale or lease.
 
Our Loan Checklist

If you or anyone you know has been burned, or turned down on a financing request give us a call or send us an email. Just 3 pieces of paper allow us to analyze a transaction: An Executive Summary, a Proforma and a Source and Use of Funds. Don't let this crazy market get you down. We can help!

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

 
David Repka
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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. Underwriting criteria 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 with Historical Financial and Source & Use of Funds.