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

Bulls Capital Partners Hosts Mortgage Correspondent's Conference

Secretary of Housing and Urban Development, Alphonso Jackson, Headlines List of High Profile Speakers

Vienna, VA March 12, 2007  

Bulls Capital Partners, LLC, a multifamily financial service provider and Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, announced today that it held its first Correspondents' Conference on February 26 & 27, 2007 at the Tysons Corner, Virginia Ritz Carlton Hotel. The purpose of the conference was to enhance the product knowledge of the current correspondent network as well as recognize those correspondents who contributed to Bulls Capital Partners' outstanding second year of production totaling $139 million during 2006. The following firms are correspondents of Bulls Capital Partners and had representatives attend the conference -- Capital Solutions, Eastern Union Funding, Evanston Financial, Jones Lang LaSalle, SunTrust, and Syracuse Securities.

Conference Speakers Included from L-R: Herman Bulls, C.E.O. Bulls Capital Partners; The Honorable Alphonso Jackson, Secretary of Housing and Urban Development; Phillip Weber, SVP Multifamily, Fannie Mae; Kenneth Bacon, EVP Housing and Community Development, Fannie Mae

Formed on February 28, 2005, Bulls Capital Partners has originated approximately $250 million in multifamily loans since its inception. The firm works both through a correspondent network as well as direct originations. Fannie Mae New Products Reviewed   Conference activities included a review of 2006 activities as well as an outlook for 2007. Discussions centered on key issues related to sourcing, underwriting, closing, and servicing loans in today's competitive market environment. Additionally a session on the application of technology to the mortgage industry was also conducted. In addition to Alphonso Jackson, Secretary of Housing and Urban Development, other speakers included senior Fannie Mae executives including, Kenneth J. Bacon, executive vice president - Housing and Community Development (HCD) and Phillip J. Weber, senior vice president - Multifamily. Several Fannie Mae product specialists also participated and reviewed several innovative Fannie Mae products and enhancements including Supplemental Financing, Single Asset Substitution, Mezzanine Financing and Student Housing.   Bulls Capital Partners CEO Herman Bulls said "We are very focused on making sure our correspondent partners as well as our partners at Fannie Mae have an opportunity to interact and share best practices in this current competitive environment. Our ability to assemble such a strong stable of speakers and conference participants is testimony to the hard work of our entire team and the great support we have received from our Partners." Bulls continued, "We were particularly pleased that the Secretary of Housing and Urban Development would take time from a very busy schedule to share his views on the national housing market with our guests. His remarks were thoughtful and set the appropriate tone to kick off the conference and promote lively discussions."     Secretary Jackson Focuses on Affrodable Housing The conference opened with remarks by Secretary Jackson. "I am pleased to say that we all share one thing in common; we want affordable housing for families," said Jackson. "We must find every way and explore every avenue to generate, secure, and maintain affordable housing." The Secretary also reviewed activities the Department of Housing and Urban Development is taking under his leadership to increase homeownership and create 5.5 million new minority homeowners by 2010. Ken Bacon stressed the initiatives Fannie Mae is taking to be responsive to the market. "Fannie Mae is always exploring ways to provide our lenders and other partners with the resources and tools they need to grow their business," said Bacon. "We leverage the full scope of our expertise across our businesses to provide access to our people, our capital, and our knowledge." William J. Maher, Director of North American Research & Strategy for LaSalle Investment Management, provided an overview on capital flows and market conditions for commercial real estate. Mark Van Kirk, COO/CFO and CO-Founder of Bulls Capital Partners, provided an overview of 2006 Bulls Capital Partners' activities as well as moderated a Fannie Mae product review panel. Other activities during the conference included updates on the firm's marketing and production plans for 2007, a review of current underwriting issues as well as discussions on current trends related to closing and servicing loans. Doug Westfall, Senior Vice President Production at Bulls Capital Partners said, "Today's lending environment is both exciting and challenging at the same time. We want to provide the tools and service for our correspondents to ensure the partnership is strong and thriving. The exchange of information and ideas, as well as direct interaction with Fannie Mae experts, is one way to stay connected and provide our partners the ability to provide the best financing solutions for their customers." Top correspondents from 2006 were recognized during the awards portion of the program. Top producers included David Hendrickson of Jones Lang LaSalle, Tony Ferry of SunTrust and Tom Demery of Capital Solutions.

 About Bulls Capital Partners, LLC

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 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.

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