New York, NY — January 19, 2011 — Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing, and a subsidiary of Centerline Holding Company (OTC: CLNH), announced today it provided a $10 MM fixed rate Fannie Mae loan to refinance a multifamily property located in suburban Pittsburgh.

 The Brentmoor at Penn Center was purchased by a private investment group at the end of 2008.  At the time of purchase, the property had a significant vacancy rate and was in need of a number of capital improvements.   Since acquisition the new owner has greatly improved the building by fixing the deferred maintenance and stabilizing the occupancy.

Proceeds from the refinance will be used to repay existing debt and some of the borrower’s initial investment, and to fund additional capital improvements to the property.  The loan was closed by a team in Centerline’s Chicago office.  Centerline is one of the nation’s leading multifamily mortgage banking institutions.

“The borrower has owned the property for just a few years, but has made great strides in enhancing the facility and greatly improving its cash flow,” noted Adam Klingher, Senior Vice President at Centerline.  “These factors, combined with the borrower’s solid track record in the industry, made this an attractive deal for Centerline.”

Barry Pessin, a representative for the owner, commented on partnering with Centerline.  “Centerline’s process was thorough, yet easy to navigate.  They delivered what they promised quickly – the loan was exactly as initially quoted.  It was a pleasure doing business with Centerline.”

Brentmoor at Penn Center is a 12-story high rise building constructed in the early 1970’s.  Amenities include a swimming pool and tenant library, fitness center, off street parking, as well as a number of individual parking garages.

The Mortgage Banking Group at Centerline provides mortgage financing for conventional multifamily properties throughout the United States. Centerline is a Fannie Mae DUS lender, Freddie Mac seller-servicer, FHA-approved mortgage provider and source for other forms of alternative capital.

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About Centerline Capital Group
Centerline Capital Group, a subsidiary of Centerline Holding Company (OTC: CLNH), provides real estate financing and asset management services, focused on affordable and conventional multifamily housing.   Centerline offers a range of both debt and equity financing to developers, owners, and investors.   An industry leader, Centerline is structured to originate, underwrite, service, manage, refinance or sell through all phases of an asset’s life cycle.  A leading sponsor of Low-Income Housing Tax Credit (LIHTC) funds, Centerline has raised more than $10 billion in equity across 136 funds, and invested in over 1,300 assets spanning 47 states. The firm’s multifamily lending platform services more than $11billion in loans. Founded in 1972, Centerline is headquartered in New York City, with 233 employees in ten offices throughout the United States.   A strategic partner of Island Capital, Centerline is organized around four business units:   Mortgage Banking, Affordable Housing Equity, Asset Management and Affordable Housing Debt.  For more information visit www.Centerline.com.

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Certain statements in this document may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Other risks and uncertainties are detailed in Centerline Holding Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, and include, among others, business limitations caused by adverse changes in real estate and credit markets and general economic and business conditions; our ability to generate new income sources, raise capital for investment funds and maintain business relationships with providers and users of capital; changes in applicable laws and regulations; our tax treatment, the tax treatment of our subsidiaries and the tax treatment of our investments; competition with other companies; risk of loss under mortgage banking loss sharing agreements; and risks associated with providing credit intermediation. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements speak only as of the date of this document. Centerline Holding Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Centerline Holding Company’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.

— Multifamily Lending Industry Leader to head up Texas team—

New York, NY — February 6, 2012 — Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing, and a subsidiary of Centerline Holding Company (OTC: CLNH), announced today it has hired Vic Clark as a Managing Director to head its multifamily lending business in the southwest.  Mr. Clark will be based in Dallas Texas, and will be responsible for building and leading a team that focuses on agency lending and assisting the company with developing alternative capital financing strategies.   He will report to William Hyman, Senior Managing Director of Centerline’s Mortgage Banking business.

“We are delighted to welcome Vic to Centerline.  He has an impressive track record and will help take our mortgage banking business to new heights,” said William Hyman.  “Vic is well known in the industry as a power house.  His decision to be part of Centerline’s growth plans speaks volumes about where we’re heading.”

Mr. Clark joins Centerline from Walker & Dunlap in Dallas where he spent two years as a senior vice president, responsible for the central region. .  Prior to Walker & Dunlap, he was a managing director and co-head of national production at Column Financial, Inc./Credit Suisse in Dallas.  He spent fourteen years there in various roles culminating in a national role responsible for loan origination, production, and business development.   Earlier in his career Mr. Clark was a Managing Partner at Don & Clark, a real estate research and consulting firm; a senior consultant at Newmarket Consulting Group; and a senior accountant at Price Waterhouse.

“This is yet another significant hire for Centerline,” added Hyman.  Centerline has greatly expanded its operations and staff over the last year, adding 44 people and opening three new offices.  In 2011, the firm also closed its largest agency transaction in ten years, a $328M financing for a portfolio of properties in the Washington, D.C. area.

Mr. Clark holds a BS in accounting from the University of Southern California, is a certified public accountant (CPA), and is a member of the Appraisal Institute, MAI.

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About Centerline Capital Group
Centerline Capital Group, a subsidiary of Centerline Holding Company (OTC: CLNH), provides real estate financing and asset management services, focused on affordable and conventional multifamily housing.   Centerline offers a range of both debt and equity financing to developers, owners, and investors.   An industry leader, Centerline is structured to originate, underwrite, service, manage, refinance or sell through all phases of an asset’s life cycle.  A leading sponsor of Low-Income Housing Tax Credit (LIHTC) funds, Centerline has raised more than $10 billion in equity across 136 funds, and invested in over 1,300 assets spanning 47 states. The firm’s multifamily lending platform services more than $11billion in loans. Founded in 1972, Centerline is headquartered in New York City, with 233 employees in ten offices throughout the United States.   A strategic partner of Island Capital, Centerline is organized around four business units:   Mortgage Banking, Affordable Housing Equity, Asset Management and Affordable Housing Debt.  For more information visit www.Centerline.com.

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Certain statements in this document may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Other risks and uncertainties are detailed in Centerline Holding Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, and include, among others, business limitations caused by adverse changes in real estate and credit markets and general economic and business conditions; our ability to generate new income sources, raise capital for investment funds and maintain business relationships with providers and users of capital; changes in applicable laws and regulations; our tax treatment, the tax treatment of our subsidiaries and the tax treatment of our investments; competition with other companies; risk of loss under mortgage banking loss sharing agreements; and risks associated with providing credit intermediation. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements speak only as of the date of this document. Centerline Holding Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Centerline Holding Company’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.

DALLAS-Centerline Capital Group hired Vic Clark as a managing director for the southwest region. In his new position, Clark will operate locally, and will build a team that will focus on agency lending and developing capital financing strategies to help fund multifamily property acquisitions.

Centerline Capital Group has hired Vic Clark as a Managing Director to head its multifamily lending business in the southwest. Clark will be based in Dallas Texas, and will be responsible for building and leading a team that focuses on agency lending and assisting the company with developing alternative capital financing strategies. He will report to William Hyman, Senior Managing Director of Centerline’s Mortgage Banking business.

Centerline Capital Group has hired Vic Clark as a Managing Director to head its multifamily lending business in the southwest. Clark will be based in Dallas Texas, and will be responsible for building and leading a team that focuses on agency lending and assisting the company with developing alternative capital financing strategies. He will report to William Hyman, Senior Managing Director of Centerline’s Mortgage Banking business.

The demand for structured-finance products such as mezzanine and preferred equity is expected to balloon in 2012, for reasons of both exuberance and fear.
As fundamentals improve, developers are furiously sketching out plans for new construction and value-add deals. But many financiers, still nursing a hangover from the downturn, are only willing to lend or invest so far up the capital stack. So mortgage brokers are reporting an uptick in mezz and preferred-equity activity on the vanguard of optimism.

The small-loan market heated up in a big way last year, and that momentum has carried over into 2012.

Fannie Mae’s small-loan program continues to dominate the market, offering some of the best rates available for deals of $5 million or less. But more balance-sheet lenders, mainly national, regional, and community banks, are pecking away at Fannie’s market share.

Chase Commercial Term Lending continues to be one of the most active small-loan lenders, especially in major markets on the West Coast and Chicago. And though most life insurance companies favor large loans, there are a few, including Symetra, StanCorp, and Protective Life, that have an appetite for deals below $5 million.

“A lot of multifamily bank lenders got back into the game last year,” says Rick Warren, a managing director who runs the small-loan business line for New York–based Fannie Mae lender Centerline Capital Group. “We saw competition come back very strong in the small-loan space—a lot more competition than I think anybody had anticipated.”

Centerline Capital Group, a provider of advisory and related financing services for multifamily property owners, has hired Paul Donahue to lead it’s New England expansion. Donahue will serve as a managing director in the firm’s mortgage banking group. He most recently worked forCB Richard Ellisin Boston, where he managed mortgage banking and investment sales. Before that he was with Holliday Fenoglio Fowler LP.

There is always competition for student properties near large and established universities,” said Steven Cox, senior vice president of commercial real estate at Centerline. “These properties are often viewed as recession-proof because going to college in this day and age is no longer an option, but a necessity. Lenders are definitely getting back in the market, which could spur some new development, as well as increased sales with rehab.

The Brentmoor at Penn Center was purchased by a private investment group at the end of 2008.  At the time of purchase, the property had a significant vacancy rate and was in need of a number of capital improvements.   Since acquisition the new owner has greatly improved the building by fixing the deferred maintenance and stabilizing the occupancy.

Proceeds from the refinance will be used to repay existing debt and some of the borrower’s initial investment, and to fund additional capital improvements to the property.  The loan was closed by a team in  Centerline’s Chicago office.  Centerline is one of the nation’s leading multifamily mortgage banking institutions.