Retail Cash-Out Refinance Fixed at 4.5%
|ST PETERSBURG, FL – Bison Financial Group, a real estate advisory firm based here, announces the closing and funding of a retail cash-out refinance loan to retire a bridge loan and refurbishment funds for their clients recent acquisition in Tampa, Florida.
Bison arranged a loan that enabled the ownership group to retire the acquisition loan and out of pocket costs incurred to refurbish the property for new tenants. The property is located on the main street of downtown Plant City, FL (Tampa suburb), famous for its annual Strawberry Festival. Bison went to a mix of national and local lenders, but found the best execution from a local bank that Bison has closed numerous loans with over the past few years.
|Fun fact: The Florida Strawberry Festival is an 11-day community event celebrating the strawberry harvest of Eastern Hillsborough County. Each year, over 500,000 visitors enjoy the festival’s headline entertainment, youth livestock shows, rides, exhibits of commerce and, of course, its strawberry shortcake. – LINK
The principals of Bison Financial Group can tailor a similar loan scenario across all aspects of the commercial income producing real estate spectrum.