Michael A. Sullivan Email & Phone Number

Austin, Texas Metropolitan Area

Austin, Texas Area

Outsourced CFO consulting for privately held businesses. Client needs are met in areas such as:• Financial modeling, forecasting and bench marking• Company reorganization, turnaround and/or exit• Capital/cash management and finance sourcing and structuring• Interim management and operational support• M&A due diligence and equity capital raisingClients have included multi-family and commercial real estate development, non-profit affordable housing, utility grade solar power manufacturing, allergy treatment centers, private equity investors, restaurant and bar, commercial landscape, commercial flooring, residential rental real estate investment and leasing, securities broker-dealer, aeronautical engineering, YouTube content/entertainment and gym franchise.

Amherst Holdings, LLC, Austin Texas, a Delaware limited liability company founded in 2007, serves as a holding company for the Amherst operating companies listed below.Amherst is principally a data and information driven company focused on pricing and sourcing risk in the U.S. real estate and mortgage markets. Amherst, through its wholly owned subsidiaries and controlled entities employs over 250 people in 23 offices throughout 20 states. Amherst currently deploys approximately $275 million in capital made up of member equity and subordinated debt with over $2 billion in asset secured credit lines.Amherst Securities Group, L.P. is a NASD/SEC regulated broker/dealer focused on the niche market of fixed income security trading among institutional investorsAmherst Funding Group, L.P. (d.b.a. AmMAC) (“AFG”) is a Texas limited partnership founded in 2004, licensed to originate, own and service whole mortgage loans nationwide. Originally established to operate as a mortgage loan conduit whose principal purpose was to originate Agency and non-Agency mortgage pools for ASG to use in their structured finance business, AFG was re-launched in 2013 as a wholesale and correspondent originator of non-Agency, jumbo mortgages. Amherst Advisory & Management, LLC, (“AAM”), a Delaware limited liability company founded in 2010 and registered with the SEC as an investment advisor with approximately $500 million in assets under management in multiple funds. AAM’s strategies are U.S. mortgage and real estate related.Main Street Renewal, LLC, (“MSR”), a Delaware limited liability company whose operations are controlled by Amherst as majority owner. Structured similar to traditional hedge funds, MSR manages a single-family, real estate investment fund. MSR is responsible for initially sourcing homes and subsequently managing the homes as rental housing across the united states with branch management offices in 10 MSAs.

Based in Austin, Texas, Guaranty Residential Lending, Inc., a wholly owned subsidiary of Guaranty Bank, which is wholly owned by Temple-Inland, Inc., was a $7 billion a year mortgage production corporation with a $10.5 billion servicing portfolio employing over 1,600 employees nationwide in 130 branch offices. As CFO, I reported directly to the President and was responsible for the finance activities including review, presentation and reporting of financial data. I was responsible for all cash management activities including $2.25 billion in working capital and warehouse debt. Other duties included maintaining bank and auditor relationships, preparing financial forecasts and pro-forma information for other members of management.

Texas State Affordable Housing Corporation is the housing finance corporation for the State of Texas whose mission is to provide safe, decent and affordable housing for disadvantaged and underserved Texans. As CFO I reported directly to a five member Board of Directors appointed by the Governor of Texas. As a hands-on manager, I managed all aspects of the non-profit corporation including $30 million in State and Federal grants and I developed and implemented a strategic plan, which redirected the corporation’s activities toward single family and multifamily bond programs. During the sunset review period, I convinced the State’s Sunset Commission to extend the Corporation’s mandate an additional two years, in lieu of other recommendations the Commission had received. Through my leadership, the corporation turned around financially and structurally, became financially stable and self-sufficient, and is currently the largest multi-jurisdictional issuer of multifamily housing bonds in the State of Texas.

Autobond Acceptance Corporation was an aggregator of sub-prime short-term notes collateralized by automobiles, which it then used to collateralize private placed bonds. As Assistant Controller for this publicly held corporation, I reported directly to the Chief Financial Officer and supported him with my knowledge and skills in the area of accounting, financial statement preparation and presentation, asset and liability classification, finance, contract backed security administration and asset performance review. Responsibilities included preparing earnings per share calculations included in quarterly and annual financial statements and SEC filings, reviewing financial data for presentation in quarterly and annual financial statements and SEC filings, and preparing statistical and summary information regarding delinquency, security performance and loan loss ratios included in quarterly and annual financial statements and SEC filings.

As Special Projects Manager for the finance department, I reported directly to the Chief Financial Officer and supported him by handling issues, which were unique or required a great deal of personal attention. While serving in this position I analyzed the accounting principles used for mortgage backed securities, assisted in improving cash flow, reduced receivables, created efficiencies through automation, developed bank relationships, negotiated lockbox and debt agreements, prepared budgets, forecasts and projections, and assisted in mergers and acquisitions of other mortgage companies and mortgage portfolios.

VP – Cash at Lomas Mortgage USA - As cash manager for the largest mortgage banking firm in the world at the time, I was responsible for customer payment clearing, wire account reconciliation and the escrow and corporate disbursement control. The responsibilities included in-house cashiering, lock box management, customer statement adjustments/corrections, borrower ACH debit, in-bound payment and out-bound disbursement clearing reconciliation, customer escrow disbursement distribution and electronic funds transfer. I accepted this position in June of 1995 and was retained as one of the few executives required to cease Lomas’ operations in 1996 when the company executed bankruptcy liquidation.Capstead, Inc - I began with Capstead, Inc, a mortgage loan servicing company, wholly owned by Capstead Mortgage, which was wholly owned by the Lomas Financial Group, in March 1993 during its start-up phase and was initially responsible for all functions of mortgage loan servicing. I established and/or implemented the methods and procedures for all servicing related tasks and trained new employees in the various processes of mortgage loan servicing. As the company matured, I focused on managing the cash department, which included cashiering, lock box management, statement adjustments/corrections and borrower ACH debit. This opportunity allowed me to learn the mortgage servicing business from start to finish.Foreclosure loss analyst at Lomas Mortgage USA - As a loss analyst, from January 1990 to March of 1993, I reviewed and settled issues that involved purchase and sale agreements and post foreclosure loans that carried mortgage insurance or government guarantees.