Refinance Loan – $5,300,000 – Belleair FL – Cash-Out Multifamily
| ST. PETERSBURG, Florida- Bison Financial Group, a real estate advisory firm based here, announces the closing of a $5.3 million refinance loan via CMBS lender on 90-unit multifamily property in hyper-affluent Belleair Bluffs, FL. The challenge to overcome was that the borrower filed a Chapter 11 Bankruptcy on this property to delay the foreclosure process and new equity was being contributed by overseas investors. Non-Recourse fixed rate loan was secured at under 5% interest rate after being turned down by 40+ lenders. | Bison is an advisor to a network of local, regional, national, and international real estate entrepreneurs that buy and develop properties in Florida and select markets nationwide. Bison funds development/ value-added properties and stabilized income producing properties. |