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

Bulls Capital Partners Finances Florida Portfolio

Closes on Three Loans in Metropolitan Orlando Totaling $8.4 Million

Vienna, Virginia--Apr 4, 2006 - Bulls Capital Partners, LLC, a multifamily financial service provider and Fannie Mae Delegated Underwriting and Servicing (DUS) lender has placed loans on three garden-style apartment complexes in the Orlando, Florida area. In separate transactions, Bulls Capital Partners placed $2.4 million in financing for Silver Terrace II in Orlando, $3.4 million for Pineview Apartments in Orlando and $2.6 million for Heatherwood Apartments in Kissimmee

All three apartment complexes have spacious one- and two-bedroom units with standard appliance and amenity packages, and are conveniently located near employment centers.

Repeat Borrower Shows Confidence in Bulls Capital Partners

Mark Koivu served as key principal for the three borrowing entities. Tony Ferry, Vice President of SunTrust Bank, originated the loans for the three transactions.

“These transactions reinforce the advantages of Fannie DUS product for well-located apartment properties in growth markets such as Orlando,” noted Herman Bulls, President & CEO of Bulls Capital Partners.

“This completes our fourth transaction with Mr. Koivu,” said Mark Van Kirk, Co-Founder and COO. “We want to continue to be his primary source of financing, and we look forward to growing along with him.”

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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