Needham, MA - Potomac Realty Capital, LLC (“Potomac”), a full service commercial capital provider, structured and closed $32 million of acquisition financing for two properties totaling 363 units (the “Properties”), located in Yarmouth, Maine. Structured as a Fannie Mae first mortgage and a preferred equity loan, the financing represents 90% of the total capital needed to acquire the Properties. The Properties are located just 2 miles from each other in the Portland MSA, the state’s largest metropolitan area. The Properties benefit significantly from Portland’s strong and growing leisure and tourism industry which accounts for much of the state’s economy. Portland’s metro apartment market was one of the top 5 performing markets in the Northeastern United States over the last quarter of 2007 which signifies a strong investment for the borrower. The borrower is a New England-based real estate investment firm specializing in the acquisition and repositioning of multi-family properties. The borrower will complete a $3.1 million capital improvement program that will include new appliances, and upgraded kitchens and baths in each unit. Dan Palmier, President & CEO of Potomac said, “This was a very complex transaction, combining our permanent loan origination ability with a unique preferred equity structure.  This first time Potomac client had numerous options to fulfill their capital needs, but selected us because we offered the most innovative solution.”

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