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

Bulls Capital Partners closes $2.6 Million Loan in Hendersonville, North Carolina

Vienna, Virginia--November 10, 2005 – Bulls Capital Partners, LLC, a multifamily financial service provider and Fannie Mae Delegated Underwriting and Servicing (DUS™) lender, today announced it provided financing in the amount of $2.6 million for The Park Residences, a 43-unit apartment property in Hendersonville, NC, located near Asheville.

“We are pleased to have provided financing for The Park Residences, a well-built, well-located property that makes a great addition to our growing portfolio,” says Herman Bulls, President & CEO of Bulls Capital Partners. “Our strategy of creating a business platform which is responsive to the needs of both large and small borrowers is really paying off. We look forward to working with our borrowers to create long-term relationships and repeat business as they grow”

“Our experienced mortgage origination team continues to find strong demand for Fannie Mae DUS financing from multifamily owners,” says Mark B. Van Kirk, Co-Founder & CFO. “Our first year in operation is proving to be extremely productive due to the great team we have put in place.”

Park Residences consists of 43 apartment units in five two-story buildings, each with a basement and some with garages. Constructed in 2005, the property totals 48,788 rentable square feet. Units feature spacious floor plans, large walk-in closets; a standard appliance package and washer/dryer hookups in all units. Community amenities include an on-site laundry facility and a fitness center.

The loan was originated by David Howard, Vice President of SunTrust Bank, “In working with Bulls Capital Partners, I have been pleased with the interest rate and loan proceeds we were able to obtain for this outstanding apartment property in western North Carolina. The borrower was particularly smitten with Fannie Mae's ability to deliver supplemental financing in the future. Due to the seamless execution and partnership with Bulls Capital Partners and SunTrust, we have earned another permanent placement deal from Glade Holdings.”

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.