Needham, MA – Potomac Realty Capital, LLC (“Potomac”), a full service commercial capital provider, announced the recent closing of a $50,000,000 revolving line of credit with a major national bank. The line of credit has a term of 3 years. The new relationship was formed to provide Potomac with another means of liquidity in order to grow their business enterprise. Dan Palmier, President & CEO of Potomac said, “To secure a credit facility in this volatile market is quite challenging. This bank saw the value in partnering with our entrepreneurial firm based on our solid track record and promising future. We have the potential of increasing the line once capital is deployed and I anticipate that will occur in 2010.”
Potomac finances real estate transactions designed for visionary entrepreneurs who value creative financial solutions, strong relationships and outstanding service. Since its formation in June of 2004, Potomac has originated over $3 billion in commercial mortgage loans. Its mission is to offer innovative financing solutions nationwide for a broad range of real estate types, including those that require more flexible underwriting. Potomac is headquartered in Needham, MA, with offices in New York, Miami, Maryland and Atlanta. For more information regarding Potomac Realty Capital, please contact Elizabeth Sarhaddi at (781) 972-6800.
Media Contact: Elizabeth Sarhaddi
Vice President, Marketing
Potomac Realty Capital