POTOMAC REALTY SECURES $32 MILLION IN ACQUISITION FINANCING

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YARMOUTH, MAINE — Potomac Realty Capital has structured and closed $32 million in acquisition financing for two multifamily properties in Yarmouth. Located just 2 miles apart in Portland’s MSA, the rental properties total 363 units. The borrower, a New England-based real estate investment firm, plans to implement a $3.1 million capital improvement plan. The loan was structured as a Fannie Mae first mortgage and a preferred equity loan.

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