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Caroline A. Harcourt, Partner

Caroline A. Harcourt

Partner
New York

Partner, New York

T: +1.212.858.1529
T: +1.212.858.1529

Areas of Focus

Caroline Harcourt represents owners, investors, lenders, developers and tenants in all aspects of commercial real estate. Caroline is the co-head of the firm’s Real Estate Finance Group and also leads the New York Real Estate Group. 

Caroline advises on acquisitions and dispositions, ground leases and space leases, development projects including large mixed-use developments, joint ventures, borrower-side financing transactions, condominium projects and hotel management and related arrangements. She also represents lenders in connection with the origination, sale and purchase of mortgage and mezzanine loans and the negotiation of intercreditor, co-lender and participation agreements in multitiered debt stacks. With deep experience representing owners, investors and lenders, including CMBS lenders, Caroline brings perspective from both sides of a transaction and a commercial focus on the issues that matter most to each deal.

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Caroline also has considerable experience representing lenders, borrowers and investors in connection with distressed real estate loans and other assets, including forbearances, workouts, foreclosures, deeds or assignments in lieu and restructurings (both in and out of bankruptcy).

Representative Experience

Acquisitions, Dispositions and Development

  • Represented a joint venture between CommonWealth Partners and a major pension fund in its purchase of Hudson Commons, New York, NY for approximately $1.3 billion and current acquisition financing.
  • Represented USPS (the Postal Service) in connection with the long-term lease of a portion of the Morgan General Mail Facility located on the west side of Manhattan reported to have an all-in present value of the deal at $798 million.
  • Represented a joint venture between CommonWealth Partners and a major pension fund in its purchase of 787 Seventh Avenue, New York, NY for approximately $2.2 billion and, concurrently, in obtaining $1 billion in financing.

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    • Represented Hoffman-Madison Waterfront, a public-private partnership, in obtaining construction financing and permanent financing (including mezzanine debt) relative to a $2.5 billion, 3.2 million-square-foot mixed-use waterfront project along the Washington Channel of the Potomac River in southwest Washington, DC.
    • Represented various lending institutions in originating billions in securitized loans (mortgage and mezzanine) and construction loans.
    • Represented an Asian commercial bank in refinancing a luxury resort in Hawaii.
    • Represents Fannie Mae in connection with non-delegated amendments, loan assumptions and other matters (relative to its entire multifamily loan portfolio).
    • Represents multiple borrowers and lenders in debt and equity restructurings, including loan modifications and workouts and extension and forbearance agreements.
    • Represents funds and other lenders in loan enforcement, including judicial and nonjudicial foreclosures, UCC foreclosures, deeds or assignments-in-lieu-of-foreclosure and receiverships—and related analysis of intercreditor or co-lender agreements in tiered debt stack arrangements.
    • Represents funds and investors in purchasing (and diligencing) multiple distressed debt instruments, including loans in foreclosure.

Professional Highlights

Honors & Awards

  • Recognized by Best Lawyers (published by BL Rankings LLC), Real Estate Law and Land Use and Zoning Law (2024–2027).

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Education

  • J.D., Columbia Law School, 1986

    B.A., Princeton University, 1982
    cum laude

Admissions

  • New York

Languages

  • French

Caroline's Insights

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