CNL Commercial Finance, Inc. Reaches $1 Billion in Managed Assets

Business Wire, March 9, 2004

Business Editors

MISSION VIEJO, Calif.--(BUSINESS WIRE)--March 9, 2004

CNL Commercial Finance, Inc., a leading provider of owner-occupied commercial real estate financing with offices across the country, announced today that it has reached its first $1 billion in managed assets.

CNL Commercial Finance primarily serves small and mid-sized businesses seeking financing for multi-purpose, owner-occupied commercial real estate. The company is recognized in the industry as the premier lender in its asset class in terms of portfolio quality and performance.

"We are extremely proud and excited about this milestone," said Brian Fluck, President of CNL Commercial Finance, Inc. "Since opening our doors in late 2000 with a small sales force, our track record of performance and the CNL brand have enabled us to attract many talented individuals, develop a nationwide presence, and conclude over 1,500 real estate financing transactions. This accomplishment positions us as an even stronger force in the commercial real estate financing market and will enable us to gain further recognition in the marketplace as a first-class provider of innovative, long-term financing solutions for commercial property."

According to David Scherer, Chief Operating Officer of CNL Commercial Finance, Inc., "We are confident that CNL Commercial Finance will continue to grow at a rapid pace. The commercial real estate market is primed for further expansion and given our products, service record and sense of urgency, we are very optimistic about the future."

CNL Commercial Finance, Inc. is an affiliate of CNL Financial Group, Inc., headquartered in Orlando, Florida. CNL Financial Group, Inc. is one of the nation's largest privately held real estate investment and finance companies. CNL Financial Group and the entities it has formed or acquired have over $9.5 billion in assets, representing more than 4,000 properties in 49 states and Canada.