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

Bulls Capital Partners Arranges an $11.8 Million Refinance of a 232-Unit Apartment Property in Colorado

Vienna, VA November 2, 2006 -- Bulls Capital Partners LLC, a multi-family financial services provider and Fannie Mae Delegated Underwriting and Servicing (DUS) lender, today announced it has provided financing to Donatelli and Klein, Inc., in the amount of $11.8 million for the refinance of Kimberly Woods Apartments in Englewood, Colorado.

Kimberly Woods is a 232-unit garden-style apartment property consisting of 20 buildings on a 9.04 -acre parcel located in Englewood, Colorado, a suburb of Denver. Common amenities include a combination leasing office/clubhouse with an exercise/fitness room, laundry, lounge with big screen TV and pool table, an additional laundry room, a community swimming pool, heated spa and BBQ area. Unit features include a standard appliance package and either a balcony or private patio with exterior storage. All second-floor units feature vaulted ceilings and skylights while some units include ceiling fans and/or fireplaces.

The loan was directly originated by Andrew Ellis, Vice President of Originations and Correspondent Development at Bulls Capital Partners, LLC.

“We are very pleased to expand our portfolio further west while establishing a relationship with one of the most successful real estate companies in the United States,” said Herman Bulls, President and CEO of Bulls Capital Partners. “Donatelli and Klein, Inc. is an experienced owner, and we are privileged to have had this opportunity to work with them. This transaction demonstrates the strong existing relationships and experience of Andrew Ellis and our loan origination team.”

“This was our first transaction with Donatelli and Klein, Inc., and they are impressive real estate operators,” said Mark Van Kirk, co-founder and COO of Bulls Capital Partners. “We are looking forward to the next opportunity to provide financing for their portfolio.”

“This refinancing will allow us to accomplish important upgrades and improvements to a property that we have owned since the early 1970s. It was great working with Andrew Ellis and his colleagues from Bulls Capital Partners,” said Chris Donatelli, President of Donatelli and Klein, Inc.

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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