Item 1.01. Entry into a Material Definitive Agreement.

On October 26, 2012, Resource Capital Investor, Inc. and Resource Properties XXX, Inc. (collectively the "Borrowers"), each an indirect wholly-owned subsidiary of Resource America, Inc., entered into a Third Loan Modification Agreement (the "Amendment") with Republic First Bank (the "Bank") with respect to an existing $3.5 million secured line of credit (the "Facility") of which Resource America, Inc. acts as guarantor.

The Amendment provides for an extension of the maturity date of the Facility from December 1, 2013 to December 28, 2014.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment which is attached as an exhibit and incorporated into this report by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits Exhibit No. Description 10.1 Third Loan Modification Agreement dated October 26, 2012

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