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 [email protected] or call (877) 690-1270.

Contact: George Phelps, [email protected], 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.

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SOURCE Primary Capital Mortgage