CRIIMI MAE Services Launches New Web Site for Commercial Mortgage Market

ROCKVILLE, MD -- (July 13, 2001) -- CRIIMI MAE Services Limited
Partnership (CRIIMI MAE Services), the mortgage-servicing affiliate of CRIIMI
MAE Inc. (NYSE: CMM, Research, SEC Filings), has launched a new Web site for investors, loan servicers and other participants in commercial real estate loans and
commercial mortgage-backed securities (CMBS).

The new commercial mortgage and CMBS Web site provides registered users with detailed information on commercial mortgage assets in the $20 billion portfolio
serviced by CRIIMI MAE Services.

The new mortgage-servicing Web site is the latest Internet site recently
introduced by CRIIMI MAE Inc. and affiliates. CRIIMI MAE Inc. recently
redesigned its site to provide shareholders, the media, and general public with corporate and portfolio information about CRIIMI MAE Inc.

The mortgage-servicing company's site -- http://www.criimimaeservices.com
-- provides reporting to CMBS investors in 26 CMBS transactions, and the site
was built to support unlimited growth in the mortgage and CMBS servicing
portfolio of CRIIMI MAE Services. The site also contains links to CMBS
trustees, rating agencies, mortgage servicers and industry associations.
Later this year, the company plans to add features that provide borrowers with
access to their loan information.

The Internet-based delivery of portfolio information is the latest
addition to the platform of commercial mortgage services that CRIIMI MAE
Services provides to investors in commercial real estate loans and CMBS. The
company's capabilities include acquisition support, mortgage servicing and
special servicing.

CRIIMI MAE Services has recently been marketing its commercial mortgage
expertise to investors and commercial mortgage companies. CRIIMI MAE Services
is the master servicer, primary servicer, sub-servicer or special servicer for
more than 3,500 commercial mortgage loans. The three primary rating agencies
have approved CRIIMI MAE Services as a commercial loan servicer, master
servicer, and special servicer.

"Our experience in dozens of CMBS transactions points to the value of
offering a user-friendly Internet site for commercial mortgage investors and
servicers," said Brian Hanson, senior vice president of CRIIMI MAE Services.

"The new site emphasizes security, ease-of-navigation and data
compatibility with analytical programs," Mr. Hanson said. "We are able to
conform to the reporting format developed through the Commercial Mortgage
Securitization Association, which requires that data be easily downloaded for
manipulation and analysis."

The site provides deal-specific reporting. The specific data provided for
each CMBS transaction are governed by the servicing documents for each deal.
These may include scheduled and actual loan balances as well as the most
recent and historical property operating information.

"We are pleased with the response so far," said Mr. Hanson, who added that
CRIIMI MAE Services will continue to listen to users and enhance the company's
Web presence.

Behind the Web site is a state-of-the-art proprietary system for
monitoring property operating performance, managing mortgage portfolios and
handling loan servicing functions.

CRIIMI MAE Services Limited Partnership is engaged in commercial mortgage
servicing and acquisitions support. It is an affiliate of CRIIMI MAE Inc. For
CRIIMI MAE Inc. and other CMBS investors and servicers, it provides
acquisition support, mortgage servicing and special servicing for commercial
mortgages and CMBS. At March 31, 2001, it serviced a portfolio of commercial
mortgage loans of more than $20 billion.

Rebuz