ZAIS Servicing Asset Management, LLC Named to Standard & Poor's Select Servicer List

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ZAIS Servicing Asset Management, LLC ("Z-SAM") has been named to the Select Servicer List published by Standard & Poor's Rating Services with respect to special servicing of commercial real estate loans. Z-SAM is a Dallas, Texas-based wholly-owned subsidiary of ZAIS Group, LLC (“ZAIS Group”), a Red Bank-New Jersey-based manager with over $8 billion in assets under management including residential whole loans, residential MBS & ABS, commercial mortgages and structured credit.

It is very gratifying to have this official recognition of the skills of Z-SAM’s staff and the specialized expertise that Z-SAM offers the commercial real estate loan marketplace.

ZAIS Servicing Asset Management, LLC (“Z-SAM”) has been added by Standard & Poor’s Ratings Services (“Standard & Poor’s”) to its Select Servicer List effective as of September 1, 2010 with respect to Z-SAM’s commercial real estate loan special servicing business. Z-SAM is a Dallas, Texas-based wholly-owned subsidiary of ZAIS Group, LLC (“ZAIS Group”), a Red Bank-New Jersey-based manager with over $8 billion in assets under management including residential whole loans, residential MBS & ABS, commercial mortgages and structured credit.

Standard & Poor's admits servicers to its Select Servicer List based on a comprehensive assessment of a firm's operational capabilities for servicing commercial mortgage, residential mortgage, and/or asset-backed portfolios. Standard & Poor's performs an analysis of a firm's management and organization, servicing administration, and financial position. To be included and remain on the Select Servicer List, a firm must be deemed to have met the criteria for attaining at least an AVERAGE ranking with an outlook of stable. Inclusion on the list reflects that a firm is, at the very least, performing its duties in an effective and controlled manner, and is in general compliance with investor, regulatory, and agency requirements. Z-SAM anticipates that Standard & Poor’s will publish its complete research report and initial rating during the fourth quarter of 2010.

Christian Zugel, Chairman and Chief Executive Officer of ZAIS Group, stated “We are pleased that Z-SAM has satisfied the criteria established by Standard & Poor’s for inclusion on its Select Servicer List. This designation by Standard & Poor’s is an important milestone for the implementation of ZAIS Group’s strategy to position Z-SAM as a unique provider of special servicing functions to holders of commercial real estate loans, including CMBS trusts, banks, insurance companies, and other financial institutions and investment funds.” He continued, “It is very gratifying to have this official recognition of the skills of Z-SAM’s staff and the specialized expertise that Z-SAM offers the commercial real estate loan marketplace."

John Jardine, Managing Director of ZAIS Group and responsible for the formulation and implementation of ZAIS Group’s commercial real estate investment strategy, will oversee ZAIS Group’s investment in Z-SAM. Mr. Jardine stated “Z-SAM categorically refuses to exercise the so-called ‘fair value’ option, and will not seek to purchase any loan from any portfolio it services prior to maturity. Z-SAM believes that because it is not encumbered by the leverage levels, struggling investment performance, and management changes being experienced by some special servicers, its legacy-free status will provide a unique position from which to add real value to the holders of under- and non-performing commercial real estate loans.”

Z-SAM’s Dallas-based senior staff includes Mike Wurst as CEO, Don Kalescky, Todd Moore, Tom McDaniel, and Mike Hirsbrunner.

For further information about Z-SAM, please refer to its web site, http://www.z-sam.com, or contact Mike Wurst at 100 Crescent Court, Suite 700, Dallas, Texas, 75201, 732-936-8582. Additional information regarding ZAIS Group can be found at http://www.zaisgroup.com.

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