For more information about Potomac Realty Capital, please contact us at 1-781-972-6800 or
via email at info@potomacrc.com
06/29/2007
Potomac Closes $9 Million Loan For Fairfield Inn & Best Western Hotel

Needham, MA - Potomac Realty Capital, LLC (“Potomac”), a full service commercial capital provider, originated and closed a $9 million bridge loan for the acquisition and renovation of a 136 Unit Fairfield Inn and a 160 Unit Best Western Hotel, located adjacent to each other in Charleston, West Virgina. The Borrower has allocated $2.2 Million for interior improvements to both the rooms and common areas of the hotels. The combination of proximity to Charleston’s major demand generators as well as franchise name recognition make these assets tremendous additions to this West Coast developer’s portfolio. Dan Palmier, President & CEO of Potomac said, “Hospitality has become another familiar niche product for Potomac. This first time client was referred to us for our expertise in this sector and we have several more deals with them in our pipeline.”

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
                          VP, Marketing
                          Potomac Realty Capital
                          781.972.6811

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