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NEW YORK — Needham, Mass.-based Potomac Realty Capital has arranged a $20 million bridge loan for the conversion of a seven-property military housing portfolio into market-rate apartment communities. The portfolio, which was constructed in 1987, consists of seven, Class B military housing communities located near Fort Drum in Upstate New York. The borrower plans to use the proceeds to acquire the portfolio and undertake a $2 million renovation program. Terms of the loan were not disclosed.