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NewStar Financial Closes $9,100,000 Loan on New Jersey Industrial Condo

Capmark advises Endurance Real Estate Group, LLC

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Boston, MA, August 28, 2007 – NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces that it has provided $9,100,000 in non-recourse, first mortgage loan financing to an affiliate of Endurance Real Estate Group, LLC, on I-295 Industrial Park, a 315,000 square-foot condominium industrial park in Deptford, New Jersey. Endurance Real Estate Group, LLC, is a real estate investment and management firm focused on the mid-Atlantic region of the U.S.The NewStar loan refinanced an existing loan and provides reserves for any future leasing costs and capital expenditures. Jeff Heath of Capmark Finance Inc.'s Horsham, Pennsylvania office, acted as exclusive financial advisor to the borrower, and Capmark will service the loan on behalf of NewStar. Heath, who has arranged several mortgages for Endurance, said, "NewStar understood the borrower's need for flexible prepayments and partial releases in conjunction with the ongoing condominium sales program." Endurance purchased the property in early 2005 and converted the property to condominium. According to Bill White of Endurance, "NewStar's loan allowed us to lower the cost of our debt financing and reduce our equity investment on an industrial condo property in the midst of our sales process."The facility was structured with a three year term and two one year extension options and partial release of security as condominium units sell.NewStar's deal team for this transaction included Jim Korinek, Zibby Shiver, Don Davis, and Erica Salkow.About NewStar Financial, Inc.:

NewStar Financial is a specialized commercial finance company focused principally 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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Annie Donnelly
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