David I.Paulson

Partner

San Francisco + 1.415.875.5794

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David Paulson's practice centers around the representation of commercial lenders in intricate real estate finance transactions and the resolution and restructuring of distressed loans. He has significant experience representing lenders with respect to both the origination and restructuring of construction, permanent, shared appreciation, and other secured and unsecured financings and in the participation and syndication of loans, particularly for hotel properties, golf resorts, and shopping malls.

David's areas of special focus include real estate investment trust (REIT) finance, hospitality finance, homebuilder lines of credit, senior housing, note purchases and sales, and mezzanine, A/B, and other forms of subordinated financing. Additionally, a significant portion of his time is spent working out troubled credits.

Clients for which David regularly works on substantial financing matters include Bank of America, BBVA/Compass Bank, Deutsche Bank, JPMorgan, KeyBank, PNC Bank, US Bank, and Wells Fargo Bank.

David helps coordinate Jones Day's Real Estate Finance Practice and frequently presents seminars and trainings for financial institution clients on all aspects of real estate financing and workouts.

Experience

  • Wells Fargo provides $166.6 million financing for construction of 640-unit Class A apartment property in Washington, D.C.Jones Day advised Wells Fargo Bank, National Association in connection with a $166.6 million loan to finance the construction of a 640-unit Class A apartment property located in Washington, D.C.
  • Wells Fargo amends loan agreement for non-public REITJones Day represented Wells Fargo Bank, National Association, as administrative agent, and Wells Fargo Securities, LLC, as an arranger, in connection with a fifth amended and restated loan agreement provided to a non-public REIT which, among other things, provided for a revolving credit facility in a decreased maximum aggregate principal amount of $150 million and a new delayed draw term loan facility in an aggregate principal amount of $75 million.
  • Well Fargo refinances $1.6 billion credit agreement with publicly traded real estate investment trustJones Day represented Well Fargo Bank, National Association, as administrative agent and lender, in connection with the amendment and restatement of a publicly traded real estate investment trust’s $1.6 billion credit agreement, pursuant to which the $600 million revolving credit facility and $400 million tranche A-2 term loan credit facility were refinanced and extended.
  • Wells Fargo provides financing for renovation and operation of two twenty-six story multi-family buildings in Fairfax, VirginiaJones Day advised Wells Fargo Bank, National Association in connection with the $180 million refinance, renovation, and operation of two twenty-six story multi-family buildings in Fairfax, Virginia.
  • Wells Fargo leads $1.5 billion secured credit facility refinance and upsizeJones Day represented Well Fargo Bank, National Association, as administrative agent, in connection with the refinance and upsize of a $1.5 billion credit facility, consisting of a $700 million revolving credit facility, a $300 million term loan A, and a $500 million term loan B, secured by four Gaylord-branded destination resort and conference centers totaling 8,114 guest rooms and over two million square feet of meeting space.
  • Wells Fargo provides $470 million term loan secured by office building in Boston, MassachusettsJones Day represented Wells Fargo Bank, National Association in connection with a $470 million senior term loan secured by a 32-story, 1.1 million square foot office building in downtown Boston, Massachusetts.
  • Wells Fargo provides $350 million construction loan for development of office campus in San Jose, CaliforniaJones Day represented Wells Fargo Bank, National Association in connection with a $350 million construction loan for the development of an office campus located in San Jose, California.
  • Wells Fargo provides $880 million term loan secured by hotel and convention center in Aurora, ColoradoJones Day represented Wells Fargo Bank, National Association, as administrative agent, lead arranger, sole bookrunner, and lender, in connection with a $880 million senior syndicated term loan secured by a newly-constructed 1,501 room hotel and convention center situated on a 85 acre-campus in Aurora, Colorado.
  • Wells Fargo provides $357.5 million senior term loan secured by office tower in Midtown ManhattanJones Day represented Wells Fargo Bank, National Association, as administrative agent, sole lead arranger, sole bookrunner, and lender, in connection with a $357.5 million senior syndicated term loan secured by an 815,000 square foot, fifty-story office tower located in Midtown Manhattan.
  • Wells Fargo provides $125 million construction loan for development and construction of transit-oriented project in CaliforniaJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $125 million syndicated construction loan for the development and construction of a mixed-use, transit-oriented project adjacent to the San Jose Airport.
  • Major financial institution provides $167.2 million loan secured by office complex in CaliforniaJones Day represented a major financial institution, as administrative agent, in connection with a $167.2 million loan secured by an office complex located in Contra Costra County, California.
  • Major financial institution provides $800 million revolving credit facility to COPTJones Day represented a major financial institution, as administrative agent, in connection with a $800 million revolving credit facility provided to Corporate Office Properties Trust, a REIT that owns, manages, leases, develops, and selectively acquires office and data center properties in locations that support the United States Government and its contractors.
  • U.S. Bank provides $240 million loan secured by shopping center in TexasJones Day represented U.S. Bank National Association in connection with a $240 million loan secured by an upscale shopping center in Dallas, Texas.
  • Wells Fargo provides $130 million senior term loan secured by multifamily rental asset in Hawaii and $20 million mezzanine term loanJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $130 million syndicated senior term loan secured by a 499-unit multifamily rental asset in Hawaii and a $20 million mezzanine term loan.
  • Wells Fargo provides $425 million senior unsecured term loan and revolving credit facility to real estate investment, development, and management companyJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $425 million senior unsecured term loan and revolving credit facility provided to a real estate investment, development, and management company.
  • Financial institution provides $350 million credit facility to real estate investment trustJones Day represented a financial institution, as administrative agent and joint lead arranger, in connection with a $350 million credit facility provided to a real estate investment trust.
  • KeyBank provides $200 million revolving credit facility to publicly-traded REITJones Day advised KeyBank National Association, as administrative agent, in connection with an unsecured $200 million revolving credit facility to a publicly-traded REIT.
  • Wells Fargo amends $250 million revolving credit facility for privately-owned real estate firmJones Day represented Wells Fargo Bank, N.A., as administrative agent, in connection with an amendment to its existing $250 million revolving credit facility provided to a privately-owned real estate firm.
  • Wells Fargo provides $184.5 million loan secured by industrial parkJones Day represented Wells Fargo Bank, N.A., as administrative agent, in connection with a $184.5 million loan secured by an industrial park located in Fremont, California.
  • Wells Fargo provides $270 million term loan secured by business park and airportJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $270 million syndicated senior term loan secured by an 1,100-acre business park and airport.
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    April 2020 Commentaries

    Relief for Multifamily Borrowers and Tenants in the CARES Act

    February 2013 Alerts

    California Supreme Court Allows Parol Evidence to Prove Fraud
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