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To: jdcpa who wrote (20947)	12/19/1998 11:25:00 PM
From: jdcpa	Respond to of 43774

Refresher on the loan commitment by NRPI from Realty Money Center - National Rehab Properties Inc. Announces $2.5 Million Loan Commitment NEW ORLEANS, LA. (Aug. 14) BUSINESS WIRE -Aug. 14, 1998--National Rehab Properties Inc. (OTC BB:NRPI) Friday announced that it has received a $2.5 million loan commitment from Realty Money Center, Las Vegas, for the purchase and rehabilitation of homes. Richard Astrom, president and CEO said, "This facility is especially attractive as the mortgage for each individual home is assumable by the eventual homebuyer." Astrom added: "We are excited as this loan commitment allows NRPI to borrow at bank rates and expand growth of the company according to Company projections. We will expand to one new city immediately." Astrom said: "We feel that this commitment is a result of the demonstrated successful implementation of the company's Business Plan. We have been able to attract financing at significantly more attractive interest rates. As a result of this new financing we anticipate larger profits per home and increase number of homes to be rehabilitated to 50 at a time."