
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.