Needham, MA - Potomac Realty Capital, LLC (“Potomac”), a full service commercial capital provider, structured and closed an $8.1 million permanent loan for a 121-unit apartment complex located in Carbondale, Illinois (the “Property”). The Property is located a short walk from Southern Illinois University (”SIU”), positioning the Property as an in demand alternative to the limited on-campus student housing. The borrower is an experienced local developer whose portfolio includes 462 units at six properties near the SIU campus. The borrower needed a quick closing so we funded a bridge loan for the Property in late 2007; with some stabilization we were able to re-finance the property into a longer term fixed rate. “Our goal is to make every client a repeat client,” said Dan Palmier, President & CEO of Potomac. “The synergy between our products is seamless. We look forward to continuing to provide a one-stop source of capital to entrepreneurs throughout the country.”