Bulls Capital Partners Arranges $2.3M Refinance of 116-Unit Apartment Property in Washington, D.C.

VIENNA, VA, Feb. 25, 2009 -- Bulls Capital Partners LLC, a multi-family financial services provider and Fannie Mae Delegated Underwriting & Servicing (DUS®) lender, today announced it has provided financing to Connecticut Park, LLC in the amount of $2.3 million for the refinance of Connecticut Park Apartments (top right photo) in Washington, D.C.

Connecticut Park Apartments is a 116-unit mid-rise apartment complex built in 1955 with a mixture of one- and two-bedroom units.

Property amenities include a rooftop deck, 24-hour concierge/security service, underground parking and laundry facilities.

The property is located in the Woodley Park neighborhood of Washington, D.C. and is close to the National Zoo, the Adams-Morgan and Dupont Circle neighborhoods, and is minutes from the National Mall.

The loan was originated by Diane Taylor of SunTrust Bank and Alicia Cotton, (bottom right photo) Assistant Vice President at Bulls Capital Partners, LLC.

"We are pleased to provide low leverage financing for this well located and maintained asset," said Herman Bulls, (middle right photo) President and CEO of Bulls Capital Partners.

"This transaction is testament to Bulls Capital Partners' and Fannie Mae's commitment to providing capital for well positioned assets during this critical time in the capital markets."

"The owners' ability to monetize a portion of their equity in a short timeframe allowed them to close on another property acquisition the following day," said Mark B. Van Kirk, (bottom left photo) COO of Bulls Capital Partners.

"In order to meet that need, the entire team focused on speed of execution and efficiency from completion of the application to the funding."

DUS is a registered trademark of Fannie Mae.

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, seniors housing, market-rate multifamily mortgages, and credit facilities, among other offerings.

Bulls Capital Partners is a joint venture of Goldman Sachs Commercial Mortgage Capital, L.P. and Bulls Multifamily, LLC, a minority-controlled firm headed by President and CEO Herman Bulls.

Bulls previously ran a successful DUS lending operation, and has extensive commercial real estate experience with one of the world's leading real estate service providers.

Co-founding Bulls Capital Partners with Bulls is Mark Van Kirk, Chief Operating Officer. Van Kirk previously served as Director of Counterparty Risk at Fannie Mae.

Website: http://www.bullscapitalpartners.com/

Herman Bulls, President & CEO, Bulls Capital Partners, LLC,
Herman.Bulls@BullsCapitalPartners.com
phone: (202)256-1814

Mark B. Van Kirk, Co-Founder & COO,
Mark.VanKirk@Bullscapitalpartners.com
phone: (703)848-8001