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Press Release

ACME Realty Funding, Inc. Arranges the Financing of Church Street Station

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 7, 2001--ACME Realty Funding of Fort Lauderdale, Florida arranged senior and mezzanine financing for the acquisition of Church Street Station. Church Street Station is a retail, restaurant and entertainment center located in Orlando, Florida. F.F. South and Company, Inc. acquired the property including building improvements of 242,179 sq. ft. as well as vacant land totaling 123,060 square feet. The total land is 6.68+ acres. The purchase price for the - property was $15.85 million.

ACME Realty Funding, Inc. is a mortgage real estate investment brokerage company with headquarters in Fort Lauderdale, Florida. The company's primary business is the procurement of mortgage and equity financing for commercial real estate developments. Property types include multifamily, retail, office and industrial. ACME's principals, Paul Whalen and Don Stevens have combined thirty-seven (37) years experience in all facets of commercial real estate finance and sales. Mr. Whalen and Mr. Stevens joined forces in June of 1999 to form ACME. Mr. Whalen was a top producer with Holliday Fenoglio Fowler for over 10 years and Mr. Stevens was most recently responsible for opening and running Heller Financial's Florida Loan production office.

ACME Realty Funding, Inc., Fort Lauderdale
Don Stevens or Paul Whalen, 954/522-2660
[email protected] or [email protected]
Fax: 954/522-2690

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