Needham, MA - October 31, 2006 - Potomac Realty Capital, LLC (“Potomac”), a full-service provider of bridge, mezzanine and permanent commercial real estate loans, structured and closed a $2.920 million bridge loan for the development of a 17,000 square foot industrial property in Coventry, RI. The industrial building sits within a 477-acre mixed use development, Centre of New England (CNE), located in the suburbs of West Greenwich and Coventry, RI. CNE is strategically situated in a high-income area and consists of prominent retailers such as Wal-Mart, BJ’s and Home Depot. The repeat Borrower is a seasoned commercial and residential developer in the state of Rhode Island and plans to divide the 17,000 square foot space into 10, 1,700 square foot units that will be sold individually as condominium units. The developer plans to leverage off the existing tenant base and nearby corporations to attract potential buyers to the units. “Having the opportunity to work with borrowers on a repeat basis is what this business is all about for us” said Dan Palmier, President & CEO of Potomac.  “When clients call on us for a second, and in this case, third time it is the ultimate compliment to our ability to provide exceptional client service. We take the time to cultivate partnerships with our borrowers which ultimately translates into repeat business.” added Palmier.