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

Bulls Capital Partners Completes Over $100 Million Loans in Its First Year

Rapid Growth Attributed to Strong Demand for Fannie Mae Multi-Family Loans, Customer Service Orientation, and Addition of Seasoned Origination Professionals

Vienna, Virginia--January 30, 2006 – Bulls Capital Partners, LLC, a multifamily financial service provider and Fannie Mae Delegated Underwriting & Servicing (DUS™) lender, completed loan transactions totaling more than $100 million in its first year of operation.

Bulls Capital Partners was formed in January 2005 as 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. Bulls Capital Partners closed its first loan approximately 4 months after formation, and completed a total of nine transactions by the end of the year. Individual mortgage amounts ranged from $1.35 million for a property in Washington, D.C. to $85.5 million for an apartment complex on behalf of an institutional investor in the Atlanta, Georgia suburbs.

The impressive first-year performance was made possible by the experience of the principals and other top mortgage professionals who joined Bulls Capital Partners during 2005. Mr. Bulls, who serves as President & CEO of Bulls Capital Partners, has headed a successful DUS lending operation in the past, and has led the securitization of tens of thousands of military housing units as CEO of Public Institutions at Jones Lang LaSalle, a position which he continues to hold. Mark Van Kirk, Chief Operating Officer, Chief Financial Officer and Co-Founder of Bulls Capital Partners, previously served as Director of Counterparty Risk at Fannie Mae.

“Bulls Capital Partners clearly utilized the vast experience of its mortgage professionals to attain a strong first year,” said Richard Lawch, Fannie Mae’s senior vice president of Multifamily Lending & Investment. “Fannie Mae commends Bulls Capital Partners, and is pleased to have the minority-owned lender as part of its DUS network.”

Major news hires during 2005 included Patrick McMahon, a 30-year veteran of the mortgage industry, as Senior Deputy Chief Underwriter; Douglas Westfall, with 25 years of experience, as Senior Vice President in charge of the Affordable Housing group, Andrew Ellis, with 12 years of experience, as Chief of Production; and Angela Coleman as Closing Coordinator and Quality Control manager, a 15 year industry veteran.

“We have been fortunate to attract some of the best professionals in the mortgage industry, who were willing to take a chance on a start-up company because they appreciate our philosophy of providing premium service to borrowers whether their loans are $1 million or $100 million,” said Mr. Bulls. “We’ve demonstrated that we can close a complex transaction in less than 45 days for a demanding institutional investor as well as be responsive to the needs of an entrepreneurial investor. We’ve shown we can recognize value in properties that other lenders might overlook. We have also been helped immensely by having a high quality, experienced and dedicated partner and correspondent in SunTrust Bank.”

Mr. Van Kirk added, “We are on track to achieve the tactical and strategic goals we established for our first two years of operations. While we would always like to do more business, we are proceeding in a deliberate manner to make sure our systems and infrastructure support our high quality service objectives. Fannie Mae has been very supportive of our customers’ needs in this ever changing and dynamic marketplace”.

“We are very pleased with the progress of our joint initiative” said Bob Stewart, Executive Vice President of SunTrust Bank. “Bulls Capital Partners is a solid enhancement to our Commercial Real Estate platform, and allows us to better meet the needs of SunTrust clients and prospects.”

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 CEO 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.

About Sun Trust Bank

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of December 31, 2005, SunTrust had total assets of $179.7 billion and total deposits of $122.0 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides credit cards, mortgage banking, insurance, brokerage, equipment leasing and capital markets services. SunTrust’s Internet address is suntrust.com.

DUS is a trademark of Fannie Mae