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

Goldman Sachs Makes Strategic Investment in Fannie Mae DUS Lender Bulls Capital Partners

Vienna, VA June 12, 2008 – Goldman Sachs Commercial Mortgage Capital has made a strategic investment in Bulls Capital Partners, a Fannie Mae Delegated Underwriting & Servicing (DUS®) lender specializing in multifamily housing loans. In addition to taking a minority interest in Bulls Capital Partners, Goldman Sachs Commercial Mortgage Capital will source loans as a correspondent lender to Bulls Capital Partners. Specific deal terms were not disclosed.

“Goldman Sachs Commercial Mortgage Capital’s involvement in Bulls Capital Partners signals an expansion of our business at a time of great opportunity for the Fannie Mae DUS Program,” said Herman Bulls, President & CEO of Bulls Capital Partners. “This venture clearly benefits clients of both firms.”

Bulls Capital Partners, LLC 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, LLC is a joint venture of Goldman Sachs Commercial Mortgage Capital and Bulls Multifamily, LLC, a minority-controlled firm headed by President and CEO Herman Bulls.  Bulls previously ran a successful DUS lending operation, and has extensive commercial real estate experience with one of the world’s leading real estate service providers. Co-founding Bulls Capital Partners with Bulls is Mark Van Kirk, Chief Operating Officer. Van Kirk previously served as Director of Counterparty Risk at Fannie Mae.

Website: http://www.bullscapitalpartners.com

Goldman Sachs Commercial Mortgage Capital, L.P., a wholly-owned subsidiary of Goldman Sachs Group, is a leading full-service commercial mortgage lender, providing non-recourse, first mortgage and mezzanine financing for stabilized properties as well as for the renovation and lease-up of properties nationwide.

 

 

DUS is a registered trademark of Fannie Mae.