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

Bulls Capital Partners Finances Two Apartment Buildings in Downtown Atlanta

Vienna, Virginia--February 21, 2006 -  Bulls Capital Partners, LLC, a multifamily financial service provider and Fannie Mae Delegated Underwriting & Servicing (DUS) lender, today announced it provided financing in the amount of $1,110,000 for The Walt and The Earle, a 28-unit, two-building apartment property in the Inman Park Historic District of Atlanta.

Strong Financing Trend From 2005 Continues

“The Walt and The Earle are welcome additions to our portfolio. Once again we were able to work with an entrepreneurial ownership group to structure a transaction which solved their long term financing needs,” said Herman Bulls, President & CEO of Bulls Capital Partners. “We are very excited to complete this transaction in Atlanta, a primary target market for our long term marketing plan.”

“Fannie Mae has worked very well with us as we expand our small loan program at Bulls Capital Partners,” says Mark B. Van Kirk, Co-Founder & COO. “The Fannie Mae small loan product continues to be competitive in the market from a process and pricing perspective. The program was perfect for this transaction.”

The Walt and The Earle are two adjacent apartment buildings in the Inman Park Historic District of Atlanta and were originally constructed in 1915. The buildings are in good condition and have been upgraded with modern fixtures in the kitchens and bathrooms. At the same time, they have retained the period touches with which they were built, including hardwood floors and plaster walls.

Bulls Capital Partners originated the loan directly with the borrower, Laris Properties, LLC. The loan was structured using long-term fixed-rate financing under a Fannie Mae program for smaller multifamily properties.

“This refinancing opportunity with Bulls Capital Partners has reduced our annual financing expense for the properties by about one-third – freeing up significant net operating income to allow us to execute our capital program to enhance these historic buildings,” said Scott Levitan, a principal at Laris Properties. “Our loan received personal attention from the principals and staff at Bulls Capital Partners and was administered and executed in record time. The staff was creative and flexible in defining due diligence requirements to achieve the lowest possible closing costs. And the deal structure was unavailable from any other lender we considered.”

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.