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Offering Capitalizes Acquisition of New Smyrna Beach waterfront luxury condominium project

Sanford, FL - (Dec. 3, 2007) CAG New Smyrna 29, LLC, an affiliate of Commercial Alliance Group, has raised $5.2 million in private equity capital for the acquisition of the Callalisa Villas Condominium real estate development project in New Smyrna Beach.

Commercial Alliance Group, a Central Florida real estate development financial services firm, raised the funds with the offering in circulation for one week in July and one week in August. Intending to raise $4,500,000, the quickly successful offering exceeded expectation. "It is very gratifying that this private offering was so well received", said Commercial Alliance Group Vice President, Scott Colon. "Such a reception validates our transaction structures in the marketplace."

On the site acquired with the proceeds, the company is developing a luxury second home condominium product with marina element and waterfront nature preserve. Each of the 21-unit condominium homes will have its own boat slip providing access to the Indian River and the Atlantic Ocean. Site development is underway. "This acquisition reflects our confidence in the second home, waterfront market in Central Florida. We are pleased to report that this project is on schedule”, said Colon.

The condos are a short walk to the beach and popular shopping and restaurants along Flagler Avenue. The condominium homes are being marketed by Collado Real Estate. Pre-construction prices for the condominium homes (2,070+/- square feet, two-bedroom, two-bath, plus den and boat slip) start at $575,000. For more information, contact Pat Collado at 386.427.0002 or visit patcolladorealestate.com.

About Commercial Alliance Group
Commercial Alliance Group, Inc. (www.commercialalliancegroup.com) is an integrated real-estate-development financial-services firm providing capital and consulting services to qualified developers. In addition to being a direct provider of 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 mezzanine-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, Florida, 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.commericalalliancegroup.com or call 407.330.3062.