Needham, MA - Potomac Realty Capital, LLC (“Potomac”), a full service commercial capital provider, originated and closed a $16.5 million bridge loan for the acquisition and renovation of a Holiday Inn Hotels and Suites (the “Hotel”), located in Boca Raton, Florida. The Hotel is located in Palm Beach County, one of the nation’s wealthiest counties, and just 4 miles west of the Atlantic Ocean and a short distance from the city’s 22 golf courses. Boca Raton is a very strong hospitality market enjoying steady increases in revenue per available room over the last four years. The borrower will complete $2 million in renovations. Dan Palmier, President & CEO of Potomac said, “This long-time Potomac client chose the Hotel as a value-add acquisition because of the opportunity to significantly enhance its value through improving management and upgrading property aesthetics. This was our 10th hotel deal in 2007 and we expect to see a steady flow of assets in this sector throughout the New Year.”

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