CWCapital Ramps Up With Repeat Customers; Closes 12 conduit loans totaling $125 million with The Fried Companies.

NEEDHAM, Mass. -- CWCapital, a full-service national lender to the commercial and multifamily real estate industries, has a growing list of repeat borrowers contributing to its success. CW continues to gain industry recognition for its ability to win and maintain borrower confidence in originating, underwriting and servicing a wide variety of commercial and multifamily loans.

In the last three years, CWCapital has completed twelve loans totaling approximately $125 million with entities sponsored by The Fried Companies, Inc. of Virginia. Goldstone Realty and Finance of Great Falls, VA was the broker on each of the 12 loans, which range in size from $2 million to $25 million, and represent a broad diversity of property types and structuring capabilities - from Class A office to unanchored retail.

The most recent Fried transaction is a $4.3 million fixed-rate, 10-year term loan on Sterling Plaza II, a retail property in Sterling, Virginia. The loan was financed through CWCapital's commercial conduit platform and originated by R.B. Diffenderffer, Regional Manager located in CW's Washington D.C. office.

"The Fried Companies relationship is a valued lending relationship," stated Diffenderffer. "The Frieds bring strong, experienced management to the transaction, and their portfolio is comprised of very solid projects that we have been pleased to collaborate on. Our most recent transaction, the Sterling Plaza II loan, represents a permanent loan on a recently constructed shopping center. The center has excellent market acceptance and compliments another CWCapital financed property next door, Sterling Plaza I shopping center."

The Frieds are not the only repeat borrower CW has established relationships with in the past year. Most recently, CW closed 3 large conduit loans totaling approximately $362 million for New York based JEMB Realty Corporation. The JEMB loans included $156.7 million for 75 Broad Street, a mixed use office property in Manhattan, $150 million for the James Center office complex in Richmond, Virginia, and $55 million for Galleria, a mixed-use office and retail property in Scottsdale, Arizona.

West Coast developer, Pacifica Companies, has also become a recent repeat borrower. In the past 8 months, Pacifica has closed four condominium conversion loans in California totaling approximately $348 million. Atlanta based H.J. Russell has completed 13 multifamily rental loans totaling over $60 million with CW in the past five years. The Russell deals are comprised of a mix of HUD, Fannie Mae and conduit multifamily loans.

Michael Berman, President of CWCapital states that the company believes it has found a unique position in the market which has generated tremendous momentum and growth for CW. "Repeat borrowers have been a key to our growth - from $1.1 billion in closed loans in 2004, to $2.5 billion in 2005, to an estimated $3.5 billion in 2006. We are particularly proud of the fact that many sophisticated and successful borrowers continue to come back to us with additional business because of the quality of previous executions that we have delivered for them. Our vertically integrated lending platform makes us unique in that we manage the entire loan process from application to underwriting to closing. We also take the relationship one step further, buying the B Piece on our securitized loans through our sister company, CWCapital Investments, and performing both the primary and the special servicing roles. No other lender is offering this level of service and accountability to the borrowers. These loans showcase our ability to operate with many of the advantages of a portfolio lender, while getting the benefits of a capital markets execution, developing and maintaining longstanding relationships with our borrowers."

About CWCapital

CWCapital is a leading, national full-service lender to the multifamily and commercial real estate industries. With more than 290 employees located in 15 offices nationwide, the company closed approximately $2.5 billion of loans in 2005. CWCapital currently services over $6 billion of loans in 44 states and, through CWCapital Investments and CWCapital Asset Management, controls special servicing and subordinate CMBS on approximately $100 billion of multifamily and commercial loans in over 60 loan pools. The company services all loans that it originates as well as loans for institutional investors. Cadim, a Montreal based real estate advisor and portfolio manager, holds a majority interest in CWCapital Investments and CWCapital. Cadim is a subsidiary of the Caisse de depot et placement du Quebec, the leading institutional fund manager in Canada with more than $187 billion of assets under management. For more information, visit www.cwcapital.com.