Needham, MA - Potomac Realty Capital, LLC (“Potomac”), a full service commercial capital provider, originated and closed a $15 Million bridge loan for two multi-family properties, totaling 458 units, located in Dallas, TX. The proceeds of the loan will be used to refinance the existing first mortgage financing, fund
$1.5 Million for capital improvements and provide a return of borrower equity. The loan was originated by Jayson Donaldson who said, “Not only did we deliver a competitive program for this repeat client, we were able to penetrate into the Dallas market for the first time demonstrating our ability to provide creative commercial real estate financing solutions for borrowers nationwide. Potomac will also have the opportunity to provide permanent financing for this client upon their successful renovation of these assets.” added Donaldson.
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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