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

Bulls Capital Partners Provides $3.7 Million Loan for Orlando, Florida Apartments

Vienna, Virginia- January 13, 2006 – Bulls Capital Partners, LLC, a multifamily financial service provider and Fannie Mae Delegated Underwriting & Servicing (DUS™) lender announced it has secured financing in the amount of $3.7 million for the Silver Terrace Apartments, a 104-unit apartment complex located in Orlando, Florida.

“This transaction gives us entry into the very desirable Florida multifamily finance market. All projections indicate Florida will continue to be a strong market into the next decade and we look forward to expanding our financing business in the state,” notes Herman Bulls, President & CEO. “SunTrust continues to be a great partner and this deal highlights the synergy anticipated when we decided to partner with this outstanding financial institution, which has a strong footprint throughout Florida and the southeastern United States.”

“It has been a pleasure working with the borrower, Mark Koivu, on another time sensitive transaction in which all expectations were met,” says Mark B. Van Kirk, Co-Founder & COO.

Silver Terrace Apartments is a 104-unit garden-style apartment property situated on a 4.79-acre site in Orlando, Orange County, Florida. The complex consists of 12 buildings and a variety of spacious studio, one and two-bedroom units. Silver Terrace is conveniently located less than 4 miles from the central business district of Orlando.

The owner of Silver Terrace, Mark Koivu, was very pleased with the transaction. “It would be fair to say that Bulls Capital Partners provided a quick, clean and efficient lending process for our multifamily refinancing,” he said. “They were flexible enough to allow us to assign previous loan documents, thereby saving on closing costs, while still meeting our closing date guidelines. As a longstanding SunTrust Bank customer, it is gratifying to see the bank involved in the long-term apartment financing market.”

Ted Burnette, Vice President of SunTrust Bank originated the loan. “Bulls Capital Partners did an outstanding job in executing this loan request from application to closing,” said Burnette. “The borrower, Mark Koivu, was very pleased with the process and has indicated that he will be doing more business with Bulls Capital Partners. This was a great win for everyone involved in the process.”

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 Financial Officer. Mr. Van Kirk previously served as Director of Counterparty Risk at Fannie Mae.

DUS is a trademark of Fannie Mae.