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

Bulls Capital Partners Promotes Westfall and Ellis, Hires Cotton
Staff Expands to Meet Growing Demand for Fannie Mae Multifamily Loans

Vienna, VA September 26, 2006 -- Bulls Capital Partners LLC, a multifamily financial service provider and Fannie Mae Delegated Underwriting & Servicing (DUS) lender, today announced two key executive promotions and the hiring of a seasoned production professional to keep pace with increasing demand for the firm’s customer- focused approach to loan underwriting.

• Douglas A. Westfall, previously head of Bulls Capital Partners Affordable Housing Division, has assumed the role of Senior Vice President, Production and will head up the firm’s overall production efforts.

• Andrew C. Ellis, previously Vice President of Underwriting and Production, has assumed the newly created position of Vice President, Originations and Correspondent Development.

• Alicia A. Cotton, an experienced Fannie Mae DUS lending professional, has joined the firm as Senior Production Analyst.

“As two of the first few production professionals hired at Bulls Capital Partners, Doug and Andrew have contributed greatly to the firm’s growth, which has in turn enabled this expansion of their responsibilities,” said Herman Bulls, President & CEO of Bulls Capital Partners. “I want to personally welcome Alicia Cotton to Bulls Capital Partners, and express my confidence that her contribution to our success will also be outstanding.”

“Doug has demonstrated his leadership ability by building a team and working effectively with both institutions and small borrowers “said Mark Van Kirk, Chief Operating Officer and Co-Founder of Bulls Capital Partners. “Andrew’s increased focus on developing a productive correspondent network ensures our continued success originating loans. Alicia’s experience will insure continued expansion of our infrastructure to support increased loan activity”

As head of production, Mr. Westfall is responsible for marketing, origination, and business development for the entire Bulls Capital Partners production platform. He has more than 27 years experience in commercial mortgage finance, specializing in affordable housing finance for the past 14 years. Prior to joining Bulls Capital Partners in 2005, he served in key roles at GMAC Commercial Mortgage's Affordable Housing Division; Freddie Mac’s Multifamily Affordable Housing Finance unit, where he managed all multifamily affordable housing debt products; and Fannie Mae’s Affordable Housing division, where he oversaw all Southeast multifamily affordable housing lending activities and was instrumental in the creation of new affordable housing products.

Mr. Ellis has more than 13 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.

Ms. Cotton joins Bulls Capital Partners from ARCS Commercial Mortgage Co., L.P., where she was responsible for supporting origination efforts for one of Fannie Mae’s largest DUS lenders. She is a seasoned professional with more than 10 years experience in real estate lending.

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

DUS is a trademark of Fannie Mae.

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