Needham, MA - Potomac Realty Capital, LLC (“Potomac”), a full service commercial capital provider, structured a $4 million B-note in an office portfolio located in Chesterfield, Missouri (the “Portfolio”). The Portfolio includes three Class A office buildings totaling 173,000 square feet situated within a $3 billion master-planned development. The 87-acre development, also owned by the borrower, is comprised of offices, residences, restaurants, hotels, retail centers, and shops. Chesterfield is a rapidly growing St. Louis suburb situated along the high tech corridor and 20 miles west of St. Louis’s central business district. The borrower is a dominant real estate owner, operator, and developer in Chesterfield with a current portfolio that includes 31 Class A office buildings. Through their aggressive hands on approach and significant office market presence, the borrower commands an in-depth knowledge of the local market forces conducive to successful property management and development. “Given the high quality of these assets and historically strong Class A office market in Chesterfield, this borrower is well positioned to capitalize on substantial appreciation,” said Dan Palmier, President & CEO of Potomac. “We are primed to provide permanent financing for the Portfolio as well.”
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 781.972.6800 ext.6811
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