NEW YORK, NY - Goldman Sachs Commercial Mortgage Capital L.P. has made a strategic investment in Bulls Capital Partners, a Fannie Mae Delegated Underwriting & 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 execution," Mr. Bulls said. "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.
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.
Source: Business Wire