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Brokerage
Posted: March 6, 2009
Potomac closes $7.3m Fannie Mae perm. loan
Potomac Realty Capital, LLC arranged a $7.3 million permanent loan for a 202-unit apartment complex. After completing an extensive renovation program designed to increase curb appeal, the owner/operator sought to retire their existing bridge loan, provided by Potomac 12 months ago, with permanent financing. The Fannie Mae structure carried a rate of 6.41%.
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