Needham, MA, March 15, 2006 - Potomac Realty Capital, LLC (“Potomac”), a full-service provider of bridge, mezzanine and permanent commercial real estate loans, structured and closed a total of $73 million in loans during the first 60 days of 2006 and is positioned for another record year. Below are the highlights of these transactions:
Florida Multifamily Portfolio $ 17,450,000 Bridge Loan Ohio Multifamily Property 8,000,000 Bridge Loan Florida Multifamily Property 16,000,000 Bridge Loan Massachusetts Golf Course 4,300,000 Bridge/Mezzanine Maryland Multifamily Property 14,000,000 CMBS Florida Multifamily Property 6,100,000 Bridge Loan Massachusetts Golf Course 6,950,000 Mezzanine Loan
All seven loans were originated and underwritten by Potomac’s full service Boston office. Dan Palmier, President and CEO of Potomac said, “These transactions demonstrated our ability to offer a “one stop source” of financing products to our borrowers. We are delighted with the recognition that we have received in the marketplace for providing a wide range of financing options. Further, we feel that our positioning in the market as a lender who services all of our loans from beginning to end, is an attribute that resonates with borrowers. We are very proud that these borrowers continue to choose Potomac as their go to lender and our pipeline for 2006 is very strong” added Palmier.
Potomac finances real estate transactions designed for visionary owners who value creative financial solutions, strong relationships, and outstanding service. Potomac was formed to offer innovative financing solutions for various types of transactions, including those that don’t meet strict underwriting guidelines. In 2005, Potomac originated over $1 billion in commercial mortgage loans. “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, Maryland and Atlanta.
For more information regarding Potomac Realty Capital, please contact Dan Palmier at (781) 972-0170 or visit our website at www.potomacrc.com
Media Contact: Elizabeth Sarhaddi
Director of Marketing
Potomac Realty Capital
781.972.0170 ext.6811 |