Commercial Alliance Group Announces Lower Seller Financing Rates for Palm Coast Resort and Callalisa Villas

SANFORD, Fla.--(BUSINESS WIRE)--Commercial Alliance Group, Inc., a Florida Corporation (“CAG”), announced on January 5, 2009, that it has reduced its seller financing interest rates for its new resort Luxury Intracoastal Waterway Residential Condominiums in the Marina Communities at The Palm Coast Resort, Palm Coast, Florida, and Callalisa Villas, New Smyrna Beach, Florida. The Company’s seller financing rates now start as low as 4.75%.

The Company’s seller financing program, restricted to its development products, was first announced on November 4, 2008, under the banner “It Should Not Take an Act of Congress to Obtain a Mortgage Loan.” CAG launched its seller financing program in response to the bank liquidity crisis.

“CAG decided to reduce its seller financing interest rates following the recent actions taken by the Federal Reserve to lower interest rates,” said CAG Vice President Scott Colon. “In spite of the low interest rates, real estate purchasers continue to have difficulty obtaining bank mortgage financing. CAG is providing mortgage loans to its purchasers without complicated and painful underwriting processes.”

The Company’s seller financing program includes loan programs based upon down payments. Larger down payments result in lower interest rates. Other features include no payments and no interest for 90 days. For more information visit the Company’s Seller Financing website.

The seller financing program is only one of several sales incentives available. The sales incentives can be seen at CAG’s “Live the Dream” website.

These Florida dream homes are resort living at its finest, with spacious master suites, inviting gourmet kitchens, spectacular views, and a variety of floor plans with finishes expected in the million dollar plus price point market.

The Callalisa Villas units include a boat slip in the Callalisa Private Marina, which is restricted to use by the Callalisa Villas unit owners and their guests. Callalisa Villas is currently being offered for preconstruction sale. The project adjoins a nature conservation area which creates beautiful views of Callalisa Creek and the Indian River. Ocean access is available through the Ponce Inlet. The shops and restaurants along the quaint and historic Flagler Avenue, and New Smyrna’s wide Atlantic beaches are within walking distance. Preconstruction pricing at Callalisa Villas starts at $575,000 for a 3 bedroom, 2 bath residence. The price includes a boat slip in the Callalisa Private Marina.

The Palm Coast Resort units include beach club membership in the exclusive Ginn Resorts, The Ocean Club at Hammock Beach^SM. Privileges include use of an oceanfront pool complex, a 10,000 square foot spa and a variety of gourmet restaurants. There is also a 4,000 square foot fitness center, a cigar bar, a sushi bar and a tennis center. All this adjacent to two miles of Palm Coast’s fabled Cinnamon Beach. The Beach Club Membership may be upgraded to Golf Membership that allows play on Ginn’s World-Class Golf Courses: The Ocean Course at Ginn Hammock Beach, designed by Jack Nicklaus, and The Conservatory at Ginn Hammock Beach, designed by Tom Watson. Although not included in the purchase of a condominium unit, boat slips are available at the Palm Coast Resort Marina. Prices at the Palm Coast Resort start from the low $400s for 1,350 to 2,000 air conditioned square feet, 3 bedroom, 2 and 3 bath waterfront condominiums.

About Commercial Alliance Group

Commercial Alliance Group, Inc. is an integrated real estate development and financial services firm providing capital and consulting services to qualified developers. In addition to being a real estate development company, it is a direct provider of senior and mezzanine debt and equity capital. Commercial Alliance Group, Inc. acts as agent in the placement of senior capital and provides business, financial and strategic planning services to its real estate developer clientele. The Company's real estate development ventures and debt and equity-financing products form the platform for investment opportunities available to individual and institutional-accredited investors -- an innovation developed by the principals of Commercial Alliance Group. The Sanford, Fla.-based company serves as the bridge between the real estate development project concept and the capital necessary for the project's success.

For more information visit www.commercialalliancegroup.com or call Scott Colon, vice president of Commercial Alliance Group, at (407) 330-3062.