Atlanta, GA, - Potomac Realty Capital, LLC (“Potomac”), a full service commercial capital provider, structured and closed a $6.5 million bridge loan for a 237-unit garden-style apartment complex located in Atlanta, GA. The Borrower used the loan proceeds to acquire the property and to fund $1.4MM in capital improvements, interest reserve and ancillary closing costs. Dan Palmier, President & CEO of Potomac said “This first-time client required a creative solution in less than 30-days. Our team worked diligently and exceeded the client’s expectations by funding this deal in just 10-days.”
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
Vice President, Marketing
Potomac Realty Capital
781.972.0170 ext.6811
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