SOURCE: Resource America, Inc.

November 25, 2008 13:14 ET

LEAF Financial Corporation Closes New $150 Million Credit Facility

PHILADELPHIA, PA--(Marketwire - November 25, 2008) - LEAF Financial Corporation, the commercial finance subsidiary of Resource America, Inc. (NASDAQ: REXI), announced today that it has entered into a new, five-year revolving $150 million credit facility with a major international bank. This facility will support the activities of its public limited partnership, LEAF Equipment Leasing Income Fund III, L.P. Approximately $100 million of the facility will be used to refinance a maturing credit facility with Merrill Lynch, and the remainder will be used to fund the ongoing originations of LEAF III.

Crit DeMent, Chairman and Chief Executive Officer of LEAF, stated, "We are very pleased to enter into this relationship with a solid financial institution with a long term commitment to our industry. The addition of this line will position us to better execute on our business model for LEAF III."

LEAF is a commercial finance and equipment leasing company with approximately $1.6 billion in assets under management as of June 30, 2008.

Resource America, Inc. is a specialized asset management company that uses industry specific expertise to generate and administer investment opportunities for its own account and for outside investors in the commercial finance, real estate and financial fund management sectors. For more information please visit our website at www.resourceamerica.com or contact pkamdar@resourceamerica.com.

Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Resource America, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in the Company's reports filed with the SEC, including quarterly reports on Form 10Q, reports on Form 8-K and annual reports on Form 10-K.

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