Needham, MA, - Potomac Realty Capital, LLC (“Potomac”), a full-service provider of bridge, mezzanine and permanent commercial real estate loans, structured and closed an $11.4 million first mortgage bridge loan, for the refinance of a 160-unit garden-style apartment community located in Jackson, Tennessee. With its close proximity to major interstates, Jackson operates as a regional hub between Nashville and Memphis. This repeat Borrower of Potomac’s currently owns 5 of the 17 multi-family properties in this market. Dan Palmier, President and CEO of Potomac said, “Due to our creative financing, the Borrower was able to utilize the loan proceeds to refinance their existing loan and transfer to much more favorable terms. This transaction was funded in less than 30 days from application and demonstrated Potomac’s ability to finance and rapidly execute highly-complicated deals.” We look forward to partnering with this entrepreneur on many more deals in the Jackson market,” 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
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