Fitch Affirms Centerline's 'CAM1-' Asset Manager Rating

NEW YORK--(Business Wire)--
Fitch affirms Centerline Capital Group's (Centerline) 'CAM1-'
commercial real estate (CRE) collateralized debt obligation (CDO)
asset manager rating.

Centerline's 'CAM1-' rating continues to reflect the company's
depth and experience of senior management, and the quality of the
company's credit analysis processes as reflected in its extensive due
diligence, asset surveillance, and proactive loss mitigation
practices.

Centerline's 'CAM1-' rating is based on the firm's composite score
which represents a weighted average based on the scores assigned for
each group of criteria factors summarized below. This composite score
is used to establish a systematically applied quantitative link
between its asset manager rating and Fitch's CDO rating criteria, in
accordance with the approach outlined in the Fitch report 'Reviewing
and Rating CDO Asset managers' dated Jan. 2, 2008, available on the
Fitch web site at www.fitchratings.com.

--Company and Management Experience '2+';

--Staffing '1';

--Procedures and Controls '1-';

--Portfolio Management '1';

--CDO Administration '1-';

--Technology '1-';

--CDO Portfolio Performance '2+'.

Centerline Capital Group (the company), a subsidiary of Centerline
Holding Company (NYSE:CHC), is a real estate finance and investment
company that matches the users of capital with the providers of
capital. In April 2007, the company announced its name change from
CharterMac to Centerline Capital Group, bringing all of its
subsidiaries together to operate under one name, as one company.
Several major transactions and the acquisition of ARCap REIT, Inc. in
August 2006 transformed the company from a firm focused on affordable
and multifamily housing to a full-service real estate finance and
investment company.

An updated profile report and full CAM rating report on Centerline
Capital Group will be available on the Fitch web site.

Fitch rates CDO asset managers by asset class, on a scale of 1 to
5, with 1 being the highest rating. The rating scale includes plus
('+') and minus ('-') designations, along with flat ratings. These
ratings are based on a standardized scorecard methodology that
includes factors in each of the seven groups as noted above.

Fitch's rating definitions and the terms of use of such ratings
are available on the agency's public site, www.fitchratings.com.
Published ratings, criteria and methodologies are available from this
site, at all times. Fitch's code of conduct, confidentiality,
conflicts of interest, affiliate firewall, compliance and other
relevant policies and procedures are also available from the 'Code of
Conduct' section of this site.

Fitch Ratings
Russ Thomas, +1-312-368-3189 (Chicago)
Sandro Scenga, +1-212-908-0278
(Media Relations, New York)

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