Acquisition Loan – $1,715,000 – Indiana Applebees
| ST. PETERSBURG, Florida- Bison Financial Group announces the closing of a $1,715,000 loan to acquire a free-standing building leased to a franchisee for Applebee’s Neighborhood Grill and Bar, the world’s casual dining leader, with over 1,400 restaurants in forty-nine states and eight international countries. The lender was a community bank secured by Bison. | “We were engaged by the borrower to secure financing on this transaction on November 25th and the deal needed to close by December 31st”, said Jared Repka, one of the principals of Bison, “Getting people focused on closing a real estate loan in the Holiday Season is no easy task. Bison represented the borrower, a New York investor, and arranged a 10 year loan with a 25 year amortization that had an interest rate fixed for the first 5 years at market rate. |