Traxi Modification Capital Fund

February 8, 2010

Traxi Unveils Modification Capital Fund to Facilitate/Expedite Restructuring Solutions for Cash-Flow Properties

National Financial Advisory and Consulting Firm to Invest Millions in Preferred Equity and/or Mezzanine Financing for Loan Modification & Restructuring Transactions

New York, NY— February 8, 2010 — Traxi, LLC, a national full-service advisory and investment banking firm providing comprehensive solutions to complex business challenges and capital needs, announced the establishment of a Modification Capital Fund to facilitate restructuring solutions for existing property lenders and owners. The announcement was made by Paul M. Fried, Managing Director of Traxi, LLC.

The Modification Capital Fund, which will invest between $5 and $15 million per target transaction, is focused on traditional, cash-flow property types and select hotels nationwide requiring capital for loan modifications and restructurings that need funds for future obligations, including TI/LC and CapEx. Traxi is anticipating a return of investment of 12 percent to 15 percent, with loan terms of up to five years or matching the maturity of the first mortgage.

“Whether the investment structure is preferred equity in property ownership, or mezzanine financing we believe there are some excellent opportunities where we can truly be a ‘white knight’ and assist owners and lenders when capital is needed for restructuring,” notes Mr. Fried.

About Traxi, LLC

Traxi is a premier financial advisory and investment banking firm that offers comprehensive, practical and streamlined solutions to complex business challenges requiring turnaround, restructuring, management and/or transactional expertise. Traxi is recognized for its ability to provide innovative, tailored solutions, crafted by highly-skilled professionals with strong experienced in turnarounds, work-outs, restructuring, corporate finance and investment banking, public accounting, financial operations and real estate.