DealMaker of the Day  (Via Email)

MBA Commercial / Multifamily Newslink (7/8/2005) Murray, Michael

Bulls Capital Partners LLC, McLean, Va., a Fannie Mae Delegated Underwriting & Servicing (DUS) lender, secured financing of $2.5 million for the Villas at Pebble Creek, a 40-unit apartment building in Hickory, N.C.

"It was one of our first transactions completed under the Fannie Mae DUS program," said Herman Bulls, president and CEO of Bulls Capital Partners.

Villas at Pebble Creek, completed in 2003, is a garden-style apartment complex that consists of one and two bedroom units. It includes stone veneered exterior and a man-made pond and gazebo. An adjoining fitness club is available to the tenants as part of their rental package.