$1,835,000 STNL Cash-Out Refinance Loan – Dialysis Medical Building
| ST PETERSBURG, FL – Bison Financial Group, a real estate advisory firm based here, announces the closing and funding of a cash-out refinance loan secured by a single-tenant net lease property in America’s Heartland. The tenant is one of the most well known dialysis groups in the country with the lease guaranteed by Fresenius, with an S&P credit rating of BBB.
The loan was placed with a market leading STNL lender and features a 7-year fixed rate of 7.37% with payments made on a 30-year amortization schedule. According to Jared Repka, Co-Founder of Bison, “There is a tremendous amount of interest in the STNL medical space as the benefits to those needing these specialized services at a convenient location to them is very important. We are looking forward to announcing additional closings in this niche.” |
Fun fact: Bison collaborated on this transaction with CFBN team member Len Dillon of Woodward Birmingham Financial Group in Detroit, Michigan. The CFBN is an alliance of 73 market leading loan originators covering 25 markets coast to coast. The principals of Bison Financial Group arrange debt and equity on commercial and investment real estate nationwide. Bison’s clients are entrepreneurially minded investors that constantly need access to creative, unconventional sources of capital. Since 1994 the principals of Bison have closed $2+ billion in transactions including over $200 million since the heart of the global pandemic in June 2020 when many lenders pressed the pause button or closed down completely. |