Needham, MA, - Potomac Realty Capital, LLC (“Potomac”), a full-service provider of bridge, mezzanine and permanent commercial real estate loans, structured and closed a $4.3 million mezzanine loan, for the acquisition and renovation of a 215-unit oceanview apartment complex located in Daytona Beach, FL. The property is located one mile west of popular downtown Daytona Beach. It is currently the only property in the area that has not been converted into condominium homes, however, the Borrower anticipates that they will eventually convert the complex. Daytona Beach is currently undergoing a revitalization to enhance the city’s image making this an outstanding investment for the Borrower.

“This first-time client presented us with the challenge of underwriting and funding the loan in just 6 days. Not only did we meet that deadline, but we delivered a competitive program for this first-time borrower,” said Dan Palmier, President & CEO of Potomac. This is an excellent example of Potomac’s ability to leverage our synergy both internally and with our external partners to get the job done. We look forward to assisting this entrepreneur with more transactions, including the conversion of this property, 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 $1.5 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, Maryland 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.6811