SOURCE: Resource America, Inc.

Resource America, Inc.

February 11, 2009 16:17 ET

LEAF Financial Corporation Closes New $75 Million Credit Facility

PHILADELPHIA, PA--(Marketwire - February 11, 2009) - LEAF Financial Corporation, the commercial finance subsidiary of Resource America, Inc. (NASDAQ: REXI), announced today that it has entered into a new, three-year revolving $75 million credit facility with Wells Fargo Foothill, part of Wells Fargo & Company (NYSE: WFC). This facility will support the activities of its public limited partnership, LEAF Equipment Finance Fund 4, L.P. (LEAF 4)

Crit DeMent, Chairman and Chief Executive Officer of LEAF, stated, "We are very pleased to enter into this relationship with Wells Fargo Foothill. They are an extremely professional organization 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 4."

LEAF is a commercial finance and equipment leasing company with approximately $1.6 billion in assets under management as of December 31, 2008.

Wells Fargo Foothill is a leading provider of senior secured financing to middle-market companies across the United States and Canada, offering flexible, innovative credit facilities from $10 million to $1 billion and more. It is part of Wells Fargo & Company, a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 11,000 stores, over 12,000 ATMs and the Internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. has the highest credit rating currently given to U.S. banks by Moody's Investors Service, "Aa1," and Standard & Poor's Ratings Services, "AA+." For more information, visit Wells Fargo Foothill on the Internet at www.wellsfargofoothill.com

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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