Needham, MA, - Potomac Realty Capital, LLC (“Potomac”), a full service commercial capital provider, structured and closed a $1.3 million participating loan (the “Loan”) for a 7,500 square foot office building located in West Warwick, Rhode Island. The proceeds of the Loan were used to acquire the property, as well as, to fund renovations. The Borrower is the largest commercial and residential developer in the state of Rhode Island. “Relationship building is the core of our business.” said Dan Palmier, President & CEO of Potomac. “This is the fifth deal we have done with this borrower in the past 13 months. We take great care we take in cultivating relationships that result in long-term partnerships. Potomac is also considering leasing office space in this building to expand our New England presence.” 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
Vice President, Marketing
Potomac Realty Capital
781.972.6800 ext.6811
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