Bulls Capital Partners Completes Conversion of a Forward Commitment on a $3.4M HOPE VI Development in Atlanta

VIENNA, VA, Oct. 6, 2009 -- Bulls Capital Partners, LLC, a multifamily financial services provider and Fannie Mae Delegated Underwriting & Servicing (DUS®) lender, today announced it has completed a transaction in the amount of $3,425,000 for the financing of Villages at Carver Phase V (top left photo)  in Atlanta.

Fannie Mae provided a credit enhancement for bonds through SunTrust Bank during the construction phase of the project. The development team is a joint venture of The Integral Group, LLC and H.J. Russell New Urban Development, LLC.

Villages at Carver Phase V, a 165-unit apartment development implemented by The Integral Group partnership, is part of a master-planned community designed to reflect the concepts of "new urbanism." The community, once fully developed, will include both rental and homeownership units as well as a YMCA and the Atlanta Braves Baseball Academy to create a community where people can live, work and play.

The property includes public housing units made available through the U.S. Department of Housing and Urban Development's HOPE VI program, Low Income Housing Tax Credit units, and market-rate units. The $3,425,000 in financing through the Fannie Mae DUS program was a conversion of a forward commitment from a construction loan to permanent financing.

"We made a commitment to finance this property over two years ago as an important step in providing affordable housing to Atlanta," said Herman Bulls, (middle right photo)  President & CEO of Bulls Capital Partners. "To reach this successful conclusion, the Carver Phase V development team did an excellent job completing the construction and lease-up of this project during very demanding market conditions."

"Finalizing the financing of Carver V enables us to continue our commitment to providing quality affordable housing to the Atlanta community," said Vicky Lundy-Wilbon, Executive Vice President Development at The Integral Group.

 "Completing this project required an outstanding collaborative effort from our development team, the Atlanta Housing Authority and our financing partners. Bulls Capital Partners' professional demeanor and creative review were instrumental in closing this transaction."

"Fannie Mae continues to support the multifamily rental market during these very challenging times with financial products that benefit property investors, borrowers and communities in need of quality affordable housing," said Mark Van Kirk, (bottom left photo) COO and Co-Founder of Bulls Capital Partners.
 
Contacts:
Bulls Capital Partners, LLC , Herman Bulls, President & CEO, Herman.Bulls@bullscapitalpartners.com
phone: (202) 256-1814

Mark B. Van Kirk, Co-Founder & COO, Mark.VanKirk@bullscapitalpartners.com
phone: (703) 283-9700

Bulls Capital Partners Arranges Financing of $2.68M for 72-Unit Apartment Property in Fort Collins, CO.

VIENNA, VA, April 14, 2009 -- Bulls Capital Partners LLC, a multifamily financial services provider and Fannie Mae Delegated Underwriting & Servicing (DUS®) lender, today announced it has provided financing to Willow Grove, Ltd. in the amount of $2,680,000 for the refinance of Willow Grove Apartments (bottom right photo) in Fort Collins, CO.

Willow Grove Apartments is a 72-unit garden apartment complex built in 1990 with a mixture of one and two bedroom units.

The complex is part of a community development which shares amenities such as a pool, spa and fitness center.

The loan was originated by Mark Van Kirk (top right photo) at Bulls Capital Partners, LLC. Tom Sibbald of Shield Street Corporation represented the Borrower.

Herman Bulls, (top left photo) President & CEO of Bulls Capital Partners said, "A testament to our focus on customer service at Bulls Capital Partners is our ability to work with borrowers and structure deals which are responsive to their long term ownership needs and the current economic environment."

Bulls continued, "It was very important for us to retain this maturing loan in our portfolio and we like the long term outlook of the Colorado market."

"In the current multifamily debt market, most transactions have some challenges to overcome," said Van Kirk, co-founder of Bulls Capital Partners.

"The Fannie Mae personnel working on the Willow Grove transaction were extremely responsive to all issues that arose during the origination and closing process. This commitment by Fannie Mae was the catalyst to a timely execution for this transaction."

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 Goldman Sachs Commercial Mortgage Capital, L.P. and Bulls Multifamily, LLC, a minority-controlled firm headed by 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 Van Kirk, who previously served as Director of Counterparty Risk at Fannie Mae.

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

CONTACTS:

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

Mark B. Van Kirk. Co-Founder & COO, phone: (703)283-9700
Mark.VanKirk@bullscapitalpartners.com

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

Fannie Mae DUS Lender Bulls Capital Partners Appoints Mary Ann Jones as Chief Underwriter

VIENNA, VA, July 8, 2008 - Bulls Capital Partners, LLC, a multifamily financial service provider and Fannie Mae Delegated Underwriting and Servicing (DUS) lender, announced the appointment of Mary Ann Jones (top right photo) as Senior Vice President and Chief Underwriter.

As Chief Underwriter, Ms. Jones is responsible for all underwriting activities, credit policy, risk management and asset management. Ms. Jones' hire comes shortly after Goldman Sachs' minority investment in Bulls Capital Partners.

An experienced real estate and finance industry veteran, Mary Ann Jones most recently served as Director of Originations for CIT Group (NYSE: CIT), a global commercial finance company. Prior, Ms. Jones served at Centerline Capital Group as Senior Vice President for Strategic Originations as well as five years as Chief Underwriter. As Chief Underwriter she was responsible for underwriting and approval of over $1.2 billion in annual Fannie Mae DUS loan production.
Herman Bulls, (top left photo) President and CEO of Bulls Capital Partners said, "Mary Ann Jones adds depth to our senior management team as we execute strategies to expand our portfolio. Our senior management team, combined with Goldman Sachs as an investment partner, positions Bulls Capital Partners for growth in volume and market share over the next several years."
Ms. Jones stated, "I am excited about the opportunity to join the vibrant and growing team at Bulls Capital Partners."

Mark Van Kirk, (middle left photo) Co-Founder and COO added, "Mary Ann Jones brings an excellent reputation for creative problem solving and helping borrowers resolve financing challenges with thorough knowledge of underwriting and loan documentation processes. Ms Jones joins us in providing our existing borrowers, prospective customers and our partner, Fannie Mae, leading product execution."

About Bulls Capital Partners, LLC
Bulls Capital Partners is a joint venture of Goldman Sachs Commercial Mortgage Capital 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.

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.

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

About Goldman Sachs Commercial Mortgage Capital, L.P.
Goldman Sachs Commercial Mortgage Capital, L.P., a wholly-owned subsidiary of Goldman, Sachs & Co., is a leading full-service commercial mortgage lender, providing non-recourse, first mortgage and mezzanine financing for stabilized properties as well as for the renovation and lease-up of properties nationwide.

DUS is a registered mark of Fannie Mae.

CONTACTS:

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

Bulls Capital Partners, LLC
Mark Van Kirk
COO & Co Founder
Mark.Vankirk@Bullscapitalpartners.com
phone: (703)283-9700

Goldman Sachs Makes Strategic Investment in Fannie Mae DUS Lender Bulls Capital Partners

VIENNA, VA, June 12, 2008 -- Goldman Sachs Commercial Mortgage Capital has made a strategic investment in Bulls Capital Partners, LLC, a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender specializing in multifamily housing loans.

In addition to taking a minority interest in Bulls Capital Partners, Goldman Sachs Commercial Mortgage Capital will source loans to Bulls Capital Partners. Specific deal terms were not disclosed.

"Goldman Sachs Commercial Mortgage Capital's involvement in Bulls Capital Partners signals an expansion of our business at a time of great opportunity for the Fannie Mae DUS Program," said Herman Bulls, (top right photo) President and CEO of Bulls Capital Partners. "This venture clearly benefits clients of both firms."

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.

About Bulls Capital Partners, LLC

Bulls Capital Partners, LLC is a joint venture of Goldman Sachs Commercial Mortgage Capital 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, (top left photo) Chief Operating Officer. Van Kirk previously served as Director of Counterparty Risk at Fannie Mae.

Website: http://www.BullsCapitalPartners.com

About Goldman Sachs Commercial Mortgage Capital, L.P.

Goldman Sachs Commercial Mortgage Capital, L.P., a wholly-owned subsidiary of The Goldman Sachs Group Inc., is a leading full-service commercial mortgage lender, providing non-recourse, first mortgage and mezzanine financing for stabilized properties as well as for the renovation and lease-up of properties nationwide.


CONTACTS:

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

Goldman Sachs & Co., Michael Duvally, Vice President, Michael.Duvally@GS.Com. phone: (212)902-2605