“We are very pleased with the volume and credit quality of our recent fundings.” said Dan Palmier, President and CEO of Potomac said. “Not only did Potomac finance over $100M, we reached some significant milestones with these fundings. The $59M permanent loan deal helped a new borrower acquire a 1,100 unit portfolio. We were able to provide an 80% LTV, 5 year loan at 116 bps over the treasury. The bridge loan was the first transaction funded in Alabama.  It was a 90% LTC, creatively structured with a renovation and interest reserve, as well as a pay-and-accrue payment feature. After two years in business, we are gaining momentum as a national lender and these transactions demonstrated our ability to offer a “one stop source” of financing products to borrowers in all markets throughout the US. This is an exciting time for our growing company and these transactions will certainly assist us in achieving our goals in 2006.” 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 clients’ 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.