Potomac Realty Capital, LLC In Process of Funding $500 million of New Loans

Needham, MA – On April 29, 2005, Potomac Realty Capital, LLC (“Potomac”) closed $42.7 million of bridge loans on three separate multi-family properties located in Maryland.  All three were closed in less than 30 days and lowered the overall cost of funds for the borrower.

Since November 2004, Potomac has originated over $200 million in commercial mortgage loans and expects to fund another $400 to $500 million by the 3^rd quarter of 2005.

Dan Palmier, CEO of Potomac said “The market is starting to understand that Potomac is a sophisticated and reliable source for their financial solutions.  Potomac’s focus is always on its clients’ needs, both before and after closing their loans. Because of our focus, together with our customers, we create value.  We are building our client base through superior customer service, creativity and reliability.”

Potomac Realty Capital, formed in June 2004, is a full-service provider of customized financing for bridge, mezzanine, preferred equity and permanent real estate loans. Potomac was formed to offer innovative financing solutions for various types of real estate deals, including those that don’t meet strict underwriting guidelines.  The company is based in Needham, MA.

Media Contact: Caroline Murphy, 781-972-0170, ext. 278