Pre-Development Loan for 24u Condo Project

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.