FOR IMMEDIATE RELEASE
Contact: Herman Bulls, President & CEO
+1 (202) 256-1814
herman.bulls@bullscapitalpartners.com

Bulls Capital Partners Closes First Local Loan in Washington, D.C.

Vienna, Virginia--January 16, 2005 – Bulls Capital Partners, LLC, a multifamily financial service provider and Fannie Mae Delegated Underwriting & Servicing (DUS™) lender, today announced it provided financing in the amount of $1.35 million for The Fort Stevens Apartments, a 40-unit apartment property in Northwest Washington, D.C.

“Fort Stevens Apartments represents the first loan transaction we have completed in the local D.C. metropolitan area market,” said Herman Bulls, President & CEO of Bulls Capital Partners. “We look forward to completing more financings of outstanding projects like Fort Stevens Apartments in the near future. We enjoy working with entrepreneurial owners who understand the local markets and have strong operating plans in place.”

“At Bulls Capital Partners, LLC, we are committed to exceptional customer service regardless of the loan size,” said Mark B. Van Kirk, Co-Founder & COO. “The Fannie Mae small loan product was perfect for this transaction and we look forward to other small loan opportunities in the future.”

Fort Stevens Apartments consists of 40 apartment units in a four-story building in the well sought after neighborhood of Northwest Washington, D.C. Constructed in 1941, the property totals 32,617 rentable square feet. Units feature spacious floor plans, large walk-in closets and a standard appliance package.

Bulls Capital Partners originated the loan directly with the borrower.

The borrower for the property, Romano D’Alessandro, was extremely pleased with the execution,

“Bulls Capital Partners was able to meet and exceed my expectations in regards to transaction speed and simplicity. It is nice to know that a Fannie Mae DUS lender can provide exceptional service to the smaller apartment owner. I was concerned about the rising interest rate environment and BCP was able to rate lock and close very quickly.”

About Bulls Capital Partners, LLC

Bulls Capital Partners, LLC (www.bullscapitalpartners.com) is a Fannie Mae approved Delegated Underwriting and Servicing (DUS™) lender that offers a full array of financing solutions to owners of multifamily property. Bulls Capital Partners’ key capabilities under the DUS program include small loan solutions, affordable housing solutions, student housing, market-rate multifamily mortgages, and credit facilities, among other offerings.

Bulls Capital Partners is a joint venture of SunTrust Bank, one of the nation’s largest commercial banking organizations, and Bulls Multifamily, LLC, a minority-controlled firm headed by President & CEO Herman Bulls. Mr. Bulls previously ran a successful DUS lending operation, and currently leads the securitization of tens of thousands of military housing units as President of Public Institutions at Jones Lang LaSalle, a leading global real estate services firm. Co-Founding Bulls Capital Partners, LLC with Mr. Bulls is Mark Van Kirk, Chief Operating Officer. Mr. Van Kirk previously served as Director of Counterparty Risk at Fannie Mae.

DUS is a trademark of Fannie Mae.