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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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