Needham, MA, - Potomac Realty Capital, LLC (“Potomac”), a full-service provider of bridge, mezzanine and permanent commercial real estate loans, structured and funded a total of $11 million in fixed rate loans, for two-18 hole golf courses; Hartefeld National Golf Course located in Avondale, PA and Mountain Branch located in Joppa, MD. The Borrower, Forewinds Hospitality, a newly-formed owner/operator in the golf course industry, will use the loans to recapitalize their equity investment and add improvements to the golf courses. The loans carry a 5-year term with an 18-month interest only period. Ron Winarick, Managing Director of Forewinds Hospitality, said “Potomac handled all aspects of our financing both professionally and creatively allowing us to focus on what we do best which is optimizing our profitability, enhancing our guest experience and realizing the vision of our golf course properties.”
 
Dan Palmier, President and CEO of Potomac said, “Golf course financing is a new product line for Potomac and with this financing we have further proven our ability to handle complex transactions for unique investments. “We are confident that we have enabled this new client to meet the objective of building premium hospitality brands by employing their unique business model. Golf courses are a unique asset class and we look forward to partnering with more borrowers on similar transactions” added Palmier.

Potomac finances real estate transactions designed for visionary owners who value creative financial solutions, strong relationships, and outstanding service.  Since it was formed in June of 2004, Potomac has originated over $1 billion in commercial mortgage loans. Potomac was formed to offer innovative financing solutions for various types of transactions, including those that don’t meet strict underwriting guidelines.  “We look past the numbers to see the intrinsic value of the deal.  Always keeping our client’s needs in mind, together with our customers, we create value.” said Palmier.  Potomac is headquartered in Needham, MA, with offices in New York, Miami and Atlanta. For more information regarding Potomac Realty Capital, please contact Dan Palmier at (781) 972-0170. 

Media Contact:              Elizabeth Sarhaddi
                                    Director of Marketing
                                    Potomac Realty Capital
                                    781.972.0170 ext.288