Needham, MA, - Potomac Realty Capital, LLC (“Potomac”), a full service commercial capital provider, structured and closed a $1.8 million bridge loan for a 10,300 square foot office building located in West Warwick, Rhode Island. The proceeds of the Loan will be used to fund interior renovations including a 1,700 square foot addition to the mezzanine level of the building, as well as exterior site improvements focused on enhancing the property’s curb appeal. The building was originally constructed in 1925 and was occupied by a United States Post Office until 2000. “Relationship building is what we do,” said Dan Palmier, President & CEO of Potomac. “This was Potomac’s sixth loan with this Borrower, which is a testimony to our attention to customer service.” 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
VP, Marketing
Potomac Realty Capital
781.972.6800 ext.6811
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