Needham, MA - Potomac Realty Capital, LLC (“Potomac”), a full service commercial capital provider, originated and closed an $8 million mezzanine loan for a high-end portfolio (the “Portfolio”), located in Palm Beach, Florida and New Haven, Connecticut. Two of the properties in the Portfolio are located in Palm Beach: a luxury hotel and a Class A office property. The hotel is strategically located within the affluent Palm Beach community. Also included in the Portfolio is a landmark Palm Beach office property. The final asset in the Portfolio is a 100,000 square foot office property located in New Haven, Connecticut. The property is strategically located in New Haven’s central business district and in close proximity to Yale University and major interstates. Dan Palmier, President & CEO of Potomac said, “Referral business has become a major source of business for us. This first-time client was referred to us for our quick turnaround and creative solutions. We funded this portfolio in just ten days.”
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 $3 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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