Needham, MA - Potomac Realty Capital, LLC (“Potomac”), a full-service provider of bridge, mezzanine and permanent commercial real estate loans, closed a $4.7 million bridge loan for the refinancing of an 87-room Fairfield Inn & Suites Hotel, located in Christiansburg, VA. The loan provided the borrower with a take out of its existing construction loan, interest only, for an 18-month term. Dan Palmier, President & CEO of Potomac said, “Potomac is a one-stop-source of financing for all property types nationwide. We are very bullish on hospitality so this was right in the wheelhouse.”
Potomac finances real estate transactions designed for visionary entrepreneurs 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. Their mission is to offer innovative financing solutions nationwide for a broad range of real estate types, including those that require more flexible underwriting. 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
781.972.6811
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