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

Bulls Capital Partners Hires McMahon and Ellis for Underwriting and Production

Vienna, Virginia, June 16, 2005– Bulls Capital Partners LLC, a multi-family financial service provider and Fannie Mae Delegated Underwriting & Servicing (DUS™) lender, has hired Patrick McMahon as Senior Vice President & Senior Deputy Chief Underwriter and Andrew Ellis as Vice President of Underwriting and Production.

Mr. McMahon is responsible for management of the underwriting department, oversight of loan pricing and sizing, and the underwriting and delivery of loans for Fannie Mae purchase. His 30 years of experience in commercial mortgage underwriting include posts as Senior Underwriter and Vice-President at Prudential Mortgage Capital Company and as Senior Underwriter at Reilly Mortgage.

Mr. Ellis has 12 years of real estate finance experience. Prior to joining Bulls Capital Partners, LLC, he served as Loan Officer at Meridian Capital Group, LLC. Previously, he was an Underwriter at AMI Capital/Wachovia Multifamily Capital Markets.

Both Mr. McMahon and Mr. Ellis work from Bulls Capital Partners’ headquarters office in Vienna, Virginia, and report to President & CEO Herman Bulls.

“Patrick and Andrew are proven real estate finance professionals who share our commitment to excellence at Bulls Capital Partners,” Mr. Bulls said. “As our company continues to grow rapidly, we are fortunate to have professionals of this caliber to help us manage that growth and to provide top-notch service to customers and correspondents.”

“The addition of Patrick to the Bulls Capital Partners underwriting team is testimony to the commitment to a strong credit culture,” said Mark Van Kirk, Chief Financial Officer and Co-Founder of Bulls Capital Partners. “His vast knowledge of the Fannie Mae DUS product will be a real advantage in the market place.”

"Andrew’s varied experience in loan underwriting and origination qualifies him to work closely with our correspondents to serve the needs of customers,” Mr Van Kirk added.

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 Mr. Bulls and Mr. Van Kirk. Bulls Capital Partners has established correspondent relationships with SunTrust Bank and Jones Lang LaSalle.

Bulls Capital Partners, LLC is a Fannie Mae-approved DUS lender, which 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, student housing, affordable housing solutions, market-rate multifamily mortgages, and credit facilities, among other offerings.