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Wells Fargo Commercial Mortgage Group

Wells Fargo Commercial Mortgage Group provides $25 million refinance to DRA.

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LOS ANGELES, 5th January 2005. Wells Fargo's Commercial Mortgage Group announced today that it has provided a $25 million refinancing for DRA Growth and Income Fund III, LLC, managed by DRA Advisors LLC. The fund is the owner of Three and Four Resource Square, an office property in suburban Charlotte, North Carolina.

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DRA Advisors LLC is a New York-based registered investment advisor specializing in real estate investment management services for institutional and private investors. Founded in 1986, the firm currently manages over $3 billion in assets. Three and Four Resource Square is a 273,000 square-foot class A suburban office property in northeast Charlotte. The property consists of two buildings that were constructed in 1999 and 2000.

"This transaction represents the refinance of a very desirable office property in suburban Charlotte," stated Alan Hale of Wells Fargo's Commercial Mortgage Origination Large Loan Group in Los Angeles. "We are very pleased to have been able to close another transaction with DRA Advisors, a long-standing Wells Fargo customer."

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Wells Fargo's Commercial Mortgage Group (wellsfargo.com/cmg) provides lending, servicing and advisory solutions to the commercial real estate industry. Their customer base includes a broad spectrum of investors and developers throughout the United States.

Wells Fargo & Company is a diversified financial services company with $420 billion in assets, providing banking, insurance, investments, mortgage and consumer finance from more than 6,000 stores, the internet (wellsfargo.com), and other distribution channels across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only "Aaa"-rated bank in the United States.

For further information, please contact Joe Kerwin of American Commercial Capital, +1-760-918-2724, for Wells Fargo

Wells Fargo's Commercial Mortgage Group

Web site: http://www.wellsfargo.com/cmg

Web site: http://www.wellsfargo.com/