Carolyn Sullivan is a partner in the finance practice at Haynes and Boone in New York. Ms. Sullivan practices in all areas of commercial real estate and finance with a particular concentration on restructurings and workouts. Ms. Sullivan has represented institutional lenders, banks, funds and other investors in connection with the structuring, origination, acquisition and sale of mortgage loans, b-notes, mezzanine loans, and other debt and equity positions. She also represents clients in connection with the acquisition and sale of real estate. Ms. Sullivan's practice is currently focused on representing lenders and borrowers in connection with loan workouts, restructurings and mortgage and mezzanine foreclosures.
Selected Representative Experience
Innkeepers USA Trust
Representation of Midland Loan Services, the special servicer for an $825 million mortgage debt, in the Chapter 11 case of InnkeepersUSA Trust. Innkeepers' attempt to enter into a plan support agreement regarding a debt-for-equity swap was defeated. Midland's efforts resulted in the properties being placed on the market and a substantial increase in creditor recoveries.