Needham, MA -  Potomac Realty Capital, LLC (“Potomac”), a full service commercial capital provider, arranged a $10.7 million permanent loan for a 156-unit, garden-style apartment property, located in Frederick, Maryland. The long-time Potomac client sought to re-finance their existing bridge loan, also provided by Potomac, to a more advantageous Freddie Mac permanent structure. The 7-year, interest only loan, carried a rate of 5.65%. Dan Palmier, President & CEO of Potomac said, “Repeat business is the ultimate return for our exceptional client service, reliability and quick turnaround and we are pleased to see more existing clients turning to us when their needs call for permanent financing.”

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 Dan Palmier at (781) 972-6800.

Media Contact:   Elizabeth Sarhaddi
                           Vice President, Marketing
                           Potomac Realty Capital
                           781.972.6800 ext.6811