| | EXHIBIT 31.2
| | ------------



| | CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER              | 
| | --------------------------------------------------------- | 
| | PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
| |                                                           | 



I, Blair D. Koblenz, certify that:



| | 1.                    | I have reviewed this quarterly report on Form 10-QSB of Cole Credit
| | --------------------- | -------------------------------------------------------------------
| | Property Trust, Inc.; |                                                                    



| | 2.                                                                   | Based on my knowledge, this report does not contain any untrue | 
| | -------------------------------------------------------------------- | -------------------------------------------------------------- | 
| | statement of a material fact or omit to state a material fact        |                                                               
| | necessary to make the statements made, in light of the circumstances
| | under which such statements were made, not misleading with respect   |                                                               
| | to the period covered by this report;                                |                                                               
| |                                                                      |                                                                | 



| | 3.                                                                  | Based on my knowledge, the financial statements, and other financial
| | ------------------------------------------------------------------- | --------------------------------------------------------------------
| | information included in this report, fairly present in all material |                                                                     
| | respects the financial condition, results of operations and cash    |                                                                     
| | flows of the registrant as of, and for, the periods presented in    |                                                                     
| | this report;                                                        |                                                                     
| |                                                                     |                                                                     



| | 4.                                                                  | The registrant's other certifying officer and I are responsible for
| | ------------------------------------------------------------------- | -------------------------------------------------------------------
| | establishing and maintaining disclosure controls and procedures (as
| | defined in Exchange Act Rules 13a-15(e) and 15d-15(e) for the       |                                                                    
| | registrant and have:                                                |                                                                    
| |                                                                     |                                                                    



| | a)                                                             | designed such disclosure controls and procedures, or caused | 
| | -------------------------------------------------------------- | ----------------------------------------------------------- | 
| | such disclosure controls and procedures to be designed under   |                                                            
| | our supervision, to ensure that material information relating  |                                                            
| | to the registrant, including its consolidated subsidiaries, is
| | made known to us by others within those entities, particularly
| | during the period in which this report is being prepared;      |                                                            
| |                                                                |                                                             | 



| | b)                                                             | evaluated the effectiveness of the registrant's disclosure | 
| | -------------------------------------------------------------- | ---------------------------------------------------------- | 
| | controls and procedures and presented in this report our       |                                                           
| | conclusions about the effectiveness of the disclosure controls
| | and procedures as of the end of the period covered by this     |                                                           
| | report based on such evaluation; and                           |                                                           
| |                                                                |                                                            | 



| | c)                                                             | disclosed in this report any change in the registrant's | 
| | -------------------------------------------------------------- | ------------------------------------------------------- | 
| | internal control over financial reporting that occurred during
| | the registrant's most recent fiscal quarter (the registrant's  |                                                        
| | fourth fiscal quarter in the case of an annual report) that    |                                                        
| | has materially affected, or is reasonably likely to materially
| | affect, the registrant's internal control over financial       |                                                        
| | reporting; and                                                 |                                                        
| |                                                                |                                                         | 



| | 5.                                                                  | The registrant's other certifying officer and I have disclosed, | 
| | ------------------------------------------------------------------- | --------------------------------------------------------------- | 
| | based on our most recent evaluation of internal control over        |                                                                
| | financial reporting, to the registrant's auditors and the audit     |                                                                
| | committee of registrant's board of directors (or persons performing
| | the equivalent functions):                                          |                                                                
| |                                                                     |                                                                 | 



| | a)                                                            | all significant deficiencies and material weaknesses in the | 
| | ------------------------------------------------------------- | ----------------------------------------------------------- | 
| | design or operation of internal control over financial        |                                                            
| | reporting which are reasonably likely to adversely affect the
| | registrant's ability to record, process, summarize and report
| | financial information; and                                    |                                                            
| |                                                               |                                                             | 



| | b)                                                      | any fraud, whether or not material, that involves management
| | ------------------------------------------------------- | ------------------------------------------------------------
| | or other employees who have a significant role in the   |                                                             
| | registrant's internal control over financial reporting. |                                                             
| |                                                         |                                                             



| | /s/ Blair D. Koblenz                       | 
| | ------------------------------------------ | 
| | ------------------------------------------
| | Blair D. Koblenz                           | 
| | Executive Vice President and               | 
| | Chief Financial Officer                    | 
| |                                            | 



Date: August 14, 2006