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NewStar Financial Closes $19,708,000 Loan on Three Apartment Complex Portfolio in Metro Atlanta, GA

CBRE Melody Advises Radco Companies and BCOM, Inc.

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NewStar Financial Closes $19,708,000 Loan on Three Apartment Complex Portfolio in Metro Atlanta, GA

NewStar Financial Closes $19,708,000 Loan on Three Apartment Complex Portfolio in Metro Atlanta, GA

CBRE Melody advises Radco Companies and BCOM, Inc.

Boston, MA, July 12, 2007 – NewStar Financial Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces that it has provided $19,708,000 in non-recourse, first mortgage loan financing on three apartment communities totaling 402 units in Sandy Springs, Griffin and Conyers, GA. The property is owned by affiliates of Radco Companies and BCOM, Inc.The NewStar loan provides the sponsors with funds to acquire the properties as well as additional capital for moderate rehabilitation costs. Richard Jordan of CBRE Melody in Atlanta acted as exclusive financial advisor to the borrower. With respect to the loan closing, Richard Jordan said, "Portfolios come with lots of moving pieces and NewStar effectively worked through all the moving pieces of this loan with ease, within the purchase timeline."The communities are well leased, and the moderate rehab will allow them to take advantage of declining concessions in the market, and increase effective rents. "Working with NewStar on our acquisition was a seamless process. In fact, we went from a phone call to closing in thirty days. We look forward to working with NewStar again on our next project!" said Norman Radow, CEO and President of Radco Companies. The facility was structured with a 3-year term, future fundings for rehab costs, and prepayment ability at par after 12 months. NewStar's deal team for the transaction included Chrissy Wojcik, Andrea Goldman, Mary Baccash, and Don Davis.About NewStar Financial, Inc.:

NewStar Financial is a specialized commercial finance company focused exclusively on meeting the complex financing needs of customers in the middle market through our corporate, commercial real estate, and structured products groups. Our senior banking teams call directly on customers to provide advice and finance a range of strategic transactions that may require some combination of senior secured, second lien and mezzanine financing. NewStar typically works with customers with financing needs of up to $150 million and cash flow as low as $5 million. We target 'hold' positions of up to $35 million, but may also underwrite or arrange transactions up to $100 million for syndications to other lenders. We are headquartered in Boston MA, with regional offices in Darien CT, Chicago IL, San Francisco CA, San Diego CA, and Charleston SC. In December of 2006, NewStar completed an Initial Public Offering. The Company's shares trade on the NASDAQ under the ticker symbol, NEWS. Please visit our website at www.newstarfin.com for more detailed transaction and contact information.







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