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(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.”

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