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

Bulls Capital Partners Finances North Carolina Apartment Property

Vienna, Virginia- June 6, 2005 – 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 $2.5 million for The Villas at Pebble Creek, a 40-unit apartment building in Hickory, North Carolina.

“We are thrilled to have provided financing for Pebble Creek. This project will always be special since it was one of our first transactions completed under the Fannie Mae DUS program. Furthermore, it was a great demonstration of the quality of the team of mortgage professionals we have assembled at Bulls Capital Partners and the partnership we have established with SunTrust,” notes Herman Bulls, President & CEO.

“We are about relationships. At Bulls Capital Partners, our primary focus is serving customers’ needs and creating longstanding relationships. We strive to exceed customer expectations,” says Mark B. Van Kirk, Co-Founder & CFO.

Completed in 2003, Villas at Pebble Creek is a garden-style apartment complex consisting of one- and two-bedroom units. The property is well constructed with quality materials, custom features and luxuriously appointed units. The stone veneered exterior and meticulously maintained landscaping, including a man-made pond and gazebo, contribute to the park-like setting at the Villas at Pebble Creek. An adjoining fitness club is available to the tenants as part of their rental package.

The owners of Villas at Pebble Creek, L.D. and Tammy Austin, were very pleased with their transaction. “Our experience with Bulls Capital Partners has been a great one. Most large commercial lenders do not have an appetite for loans under $3 million; however, Bulls Capital stepped up to the plate with a great rate and great service. We look forward to continuing our relationship with them.”

David Howard, Vice President of SunTrust Bank originated the loan. “Bulls Capital Partners was able to provide a smooth and seamless transaction that exceeded the client’s expectations. I am pleased to have the Fannie Mae line available to my customers through Bulls Capital Partners as it adds another complementary product to the SunTrust real estate capital array.”

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.