AMI Capital, Inc. Announces Opening of Pacific Northwest Office.

PORTLAND, Ore.--(BUSINESS WIRE)--April 14, 1999--

Commercial Mortgage Banking Firm Offers Regional Service In Oregon,

Washington, Idaho and Other Northwestern States

AMI Capital, Inc. announced that it has opened a Pacific Northwest office to provide enhanced client service to borrowers in that region.

The office opening is part of a nationwide expansion currently underway at AMI Capital.

"By opening an office that is physically closer to clients in the Northwest region, we believe we can differentiate our services by providing quick responses and a real knowledge of the local real estate market," said Michael Sullivan, president of AMI Capital. "As AMI Capital grows, we are committed to being competitive on price and performance in the regional markets we serve."

Hired to head the new Pacific Northwest office is Clain Brandt, who will serve as managing director of the region. Clain, who has more than 20 years experience in the commercial mortgage banking and capital markets industries, joined AMI Capital after serving most recently as a vice president and manager in US Bank's capital markets and portfolio management departments in Portland.

Additionally, he has an extensive background in commercial real estate construction and development lending. His long-standing experience also includes holding senior-level positions at First Interstate Bank of California, Wells Fargo Realty Advisors in Denver, Chrysler First Business Credit Corporation in both Portland and San Diego, and the international banking group of the Canadian Imperial Bank of Commerce.

"Having been involved with the commercial real estate industry as a lender for the previous two decades, I find AMI Capital's approach to the business very `user friendly,'" Brandt said. "So often our business is burdened with the image of long waiting periods for underwriting, approvals and closings. AMI Capital's focus and compartmentalization of these various processes has streamlined the functions to the point that this concern is greatly mitigated. Additionally, by maintaining a national presence, the company is aware of trends as they occur, versus when they are reported. This provides our investors and borrowers with accurate, up-to-date product and market knowledge. With the rapid changes in this industry during the previous year, in both the Fannie Mae and conduit/capital markets arenas, current information is essential to borrowers when making decisions."

AMI Capital is a nationwide mortgage lender focusing on loans for multifamily housing properties, office buildings, industrial properties, retail centers and senior housing. Since the firm's inception in 1990, its portfolio has grown to nearly $1.5 billion. AMI Capital, headquartered in Bethesda, Maryland, is owned by ULLICO Inc., whose assets exceed $3 billion, and by President Michael Sullivan.

AMI Capital's product line includes DUS, FHA, and commercial programs, including conduits and life insurance products. In addition to its Bethesda headquarters, AMI Capital has regional offices in Atlanta, Boca Raton, Chicago, Dallas, Denver, Detroit, Kansas City, Los Angeles, New York, San Francisco, and now Portland.