|Potomac Realty Capital Announces Credit Facility Renewal & Extension|
Needham, MA – Potomac Realty Capital, LLC (“Potomac”), a full service commercial capital provider, announced the completion of the renewal and extension of its largest secured credit facility maturing in 2009. The facility covers 80% of Potomac’s secured liabilities. Potomac negotiated a 2-year extension through May of 2011 with the international bank. Dan Palmier, President & CEO of Potomac said, “This renewal and extension is a clear indication of the positive working relationship we have developed with this bank. After a productive five year relationship, both Potomac and our lender were determined to structure a favorable outcome and we are pleased to have the opportunity to continue the mutually beneficial partnership for years to come.”
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
|back to news >|