Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the debt and equity markets, click here and to read more on the multifamily market, click here.)

BALTIMORE-Greens at Forest Park, a 190-unit apartment property, has emerged from a complete renovation project ultimately financed through an $11.5-million transaction. The financing allowed the borrower to refinance an existing bridge loan and return investor equity within a 30-day period.

The borrower relied on Potomac Realty Capital LLC to orchestrate the first-mortgage fixed-rate loan, which carries a rate of 5.84%. “This is an excellent example of the synergy between our interim and permanent finance products,” says Potomac president and CEO Dan Palmier. The owner of the multifamily property has worked with Potomac in the past.

Palmier notes that the firm looks “past the numbers to see the intrinsic value of the deal. Always keeping our client’s needs in mind, together with our customers, we create value.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.