Pamela Schreiber
Investor Relations
Resource America, Inc.
1521 Locust Street - 5th Floor
Philadelphia, PA 19102
(215) 546-5005
(215) 546-5388 (facsimile)

Resource America, Inc. Realizes 74.6% Annual Return On $40.0 Million Repayment Of Mortgage Loan

Philadelphia, PA., June 17, 2022 - Resource America, Inc. (NASDAQ: REXI) (the "Company") announced today that its subsidiary, Resource Commercial Mortgages, Inc., has received $40.0 million in satisfaction of a mortgage loan secured by a property in Philadelphia, Pennsylvania. The Company acquired the loan in December 1996 for $19.1 million. After interest received by the Company and after payments to senior lien holders during the carrying period, the Company�s realized annual return on this loan was 74.6%. Today�s payment, pursuant to the terms of an existing loan restructuring agreement, was comprised of $29.6 million in cash, plus a 50% property ownership interest valued at $10.4 million. A portion of the proceeds was paid to parties to which the Company had previously sold senior participation interests in the loan. The 25-story office building, now 50% owned by the Company, includes a 465 car-parking garage and is located on Rittenhouse Square.

Resource America, Inc. is a specialty-finance company engaged in real estate finance, equipment leasing and energy and energy finance. In real estate finance, the Company is principally involved in commercial mortgage loan acquisition and resolution business that involves the purchase at a discount of commercial real estate loans from a variety of financial institutions and the restructuring and refinancing of those loans.
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