Established in 2004, Potomac is headquartered in Boston with satellite offices in New York, Atlanta, Miami and Maryland. Potomac was established because there were significant opportunities across the nation to serve owners of multifamily and commercial real estate with customized financing solutions. With the trend toward consolidation in the finance industry, the remaining lenders want to focus on large, standardized transactions, which are not appropriate for interim financing. Additionally, the market growth for securitized commercial real estate pools has provided a new source of financing for real estate assets.
Furthermore, the Commercial Mortgage Backed Securities (CMBS) market is far too rigid for the specialized nature of temporary financing.
As a result, structured finance customers are underserved, especially those borrowers which are seeking loans up to $25 million. Subsequently, we raised a significant amount of capital to serve this niche market.
We believe our flexibility will create significant demand for our bridge, mezzanine and other forms of innovative financing. With excellent access to debt and equity capital, strong relationships with FNMA (Fannie Mae) and FHLMC (Freddie Mac), and other institutional funds, Potomac Realty Capital was established to be the “go-to” lender for entrepreneurs with promising real estate projects.
