Needham, MA - Potomac Realty Capital, LLC (“Potomac”), a full-service provider of bridge, mezzanine and permanent commercial real estate loans, placed an $18 million Freddie Mac permanent loan through CapMark for a multifamily property located in the Washington, DC suburb of Oxon Hill, MD. This first time Borrower was referred to Potomac by a long-time client and intends to use the proceeds to refinance and renovate the 350-unit property. The 10-year loan carries a fixed rate of 5.64%, interest only for 5 years, amortized thereafter. Dan Palmier, President & CEO of Potomac said, “Since our inception, two of our goals have been to cultivate our referral business and provide customized financing to both existing and new clients. This transaction encompassed both of these goals and we look forward to similar transactions throughout the New Year,” 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 $2 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) 972-6800.

Media Contact: Elizabeth Sarhaddi

Director of Marketing

Potomac Realty Capital