Needham, MA – Potomac Realty Capital, LLC (“Potomac”), a full service commercial capital provider, arranged a $7.3 million permanent loan for a 202-unit apartment complex located in Belton, Texas. After completing an extensive renovation program designed to increase curb appeal, the Dallas-based owner/operator sought to retire their existing bridge loan, provided by Potomac 12 months ago, with more advantageous permanent financing. The Fannie Mae structure carried a rate of 6.41%. Dan Palmier, President & CEO of Potomac said, “In these uncertain times, clients value our reliability and versatile loan programs more than ever. We are pleased that our many repeat borrowers continue to rely on us as their one-stop source for 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
                           781.972.6811