Bison Arranges Pre-Development Loan – Condominium Property
|ST. PETERSBURG, FL – Bison Financial Group arranged a pre-development loan to facilitate the completion of entitlements, approvals, architecture, engineering, and permitting on a to-be-built 24 unit condominium development project located in Asbury Park, NJ. The project is located in one of the hottest residential real estate markets in the country.
|Funds from this loan will provide the developer the capital required to cross all the T’s and dot all the I’s to attract a low-cost loan from an institutional construction lender. This pre-development loan was Bison’s 18th transaction with the key sponsor.