Primary Capital Mortgage Appoints Industry Veteran as Vice President, Western Region


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[STK] NASDAQ-NMS:REXI NYSE:RSO

[IN] RLT

[SU] PER

-- WITH PHOTO -- TO BUSINESS EDITORS:

Primary Capital Mortgage Appoints Industry Veteran as Vice President,

Western Region

ATLANTA, April 16, 2014 /PRNewswire/ -- Primary Capital Mortgage

(PCM) is pleased to announce the appointment of Sharon Bitz as its new

VP, Western Region supporting Wholesale Account Executives as well as

Broker and Correspondent business partners in the Western Region. An

advocate of growth and technology, Sharon joins PCM with more than 25

years of experience in Wholesale Mortgage Lending and Sales

Management. Most recently she held the position of Senior Vice

President, Wholesale Lending for Western Bancorp, a California company

headquartered in San Jose, California.

Sharon will be responsible for hiring and supporting sales staff

throughout the Western states and will report to George Phelps,

President of Primary Capital Mortgage.

"As we've experienced remarkable growth opportunities in the region,

we knew bringing on a talented and experienced regional manager was

necessary," said George Phelps, President. "Sharon was the ideal

candidate for the position as she is extremely motivated,

knowledgeable and connected, and she brings an exemplary track record

of success in her craft. She will be a tremendous asset to our team."

"I am thrilled to be working with Primary Capital Mortgage at such an

exciting time," Sharon added. "I look forward to using my knowledge

and deep relationships to build a strong and profitable region while

leading the charge for change and innovative solutions that drive

business performance."

Sharon will be based in California and will lead a team of Account

Executives in the Western States.

About Primary Capital Mortgage:

Founded in 1994 on principles of integrity and superior customer

service, Primary Capital Mortgage (PCM) set out to become a

best-in-class residential mortgage lender. In 2013, a strategic

partnership with Resource Capital Corp. (NYSE:RSO) was forged to

infuse PCM with the capital needed to develop non-agency products and

better serve our residential borrowers.

For the past 20 years, a commitment to our foundational principles

helped us weather issues like the financial crisis and thrive in its

aftermath. And now, this partnership with RSO allows PCM to invest in

a future and build a national platform where more Americans can

realize the dream of affordable home ownership. PCM is currently

investing in exceptional talent, adopting new technologies, and

developing product capabilities to better serve clients.

Our goal of becoming the most respected and reliable name in mortgage

lending is an ambitious but not unrealistic one. The investments we've

made in our people, our products, and our principles enable us to

offer the best-in-class service that we committed to twenty years ago

and that will guide us in the future.

For more information, visit www.primarycapital.com, email

info@primarycapital.com or call (877) 690-1270.

Contact: George Phelps, gphelps@primarycapital.com, 678-298-0201.

About Resource Capital Corp.

Resource Capital Corp. ("RSO") is a real estate investment trust that

is primarily focused on originating, holding and managing commercial

mortgage loans and other commercial real estate-related debt and

equity investments. RSO also makes other commercial finance

investments.

RSO is externally managed and advised by an indirect wholly owned

subsidiary of Resource America, Inc. (NASDAQ: REXI), a specialized

asset management company.

Certain items in this press release may constitute forward-looking

statements within the meaning of the Private Securities Litigation

Reform Act of 1995, which can be identified by words like

"anticipate," "expect," "intend" and similar expressions. These

statements are based on management's current expectations and beliefs

and are subject to a number of trends and uncertainties that could

cause actual results to differ materially from those described in the

forward-looking statements; the Company can give no assurance that its

expectations will be attained. Forward-looking statements are

necessarily speculative in nature, and it can be expected that some or

all of the assumptions underlying any forward-looking statements will

not materialize or will vary significantly from actual results.

Variations of assumptions and results may be material. Factors that

could cause actual results to differ materially from the Company's

expectations include, but are not limited to, changes in economic

conditions generally and the real estate and credit markets

specifically. Factors that could cause actual results to differ

materially from those in the forward-looking statements are specified

in the Company's Annual Report on Form 10-K for the year ended

December 31, 2013, and its other filings with the SEC. Such

forward-looking statements speak only as of the date of this press

release. The Company expressly disclaims any obligation to release

publicly any updates or revisions to any forward-looking statements

contained herein to reflect any change in its expectations with regard

thereto or change in events, conditions or circumstances on which any

statement is based.

Logo - http://photos.prnewswire.com/prnh/20140414/CL03157LOGO

SOURCE Primary Capital Mortgage

-0- 04/16/2014

/Photo: http://photos.prnewswire.com/prnh/20140414/CL03157LOGO

AP PhotoExpress Network: PRN2

PRN Photo Desk, photodesk@prnewswire.com

/Web Site: http://www.primarycapital.com

(NASDAQ-NMS:REXI /

NYSE:RSO) /

CO: Primary Capital Mortgage; Resource Capital Corp.; Resource America, Inc.

ST: Georgia

IN: RLT

SU: PER

PRN

-- CL03157 --

0000 04/16/2014 11:30:00 EDT http://www.prnewswire.com

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