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 $225.5 million term loan facility secured by mixed-use luxury high rise development located in Chicago, IllinoisJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $225.5 million term loan facility secured by mixed-use luxury high rise development, including 279 residential rental apartments, 15 residential condominium units, and a parking garage located in Chicago, Illinois.
  • Wells Fargo provides $218 million financing for office tower in Oakland, CaliforniaJones Day advised Wells Fargo Bank, National Association, in connection with a $218 million intercreditor and co-lender arrangement on a senior/mezzanine financing of an office tower in Oakland, California.
  • Wells Fargo and other lenders provide $500 million revolving credit facility to large private real estate developerJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $500 million senior unsecured credit facility to refinance a large private real estate developer's existing debt obligations and for other general corporate purposes.
  • Royal Bank of Canada provides $127.12 million construction loan secured by life-science bio-manufacturing campus in Devens, MassachusettsJones Day advised Royal Bank of Canada, as administrative agent, in connection with a $127.120 million construction loan secured by a life-science bio-manufacturing campus in Devens, Massachusetts.
  • Wells Fargo provides $550 million revolver and term loan facility secured by portfolio of approximately 36 industrial propertiesJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $550 million revolver and term loan facility secured by approximately 36 industrial properties in multiple jurisdictions across the U.S.
  • Wells Fargo provides Chapter 11 financial reorganization plan for CBL PropertiesJones Day advised Wells Fargo Bank, National Association, as administrative agent, in connection with the Chapter 11 financial reorganization plan of and secured exit financing for CBL Properties (“CBL”), a publicly traded real estate investment trust that owns and manages a portfolio of shopping malls.
  • Wells Fargo provides $100 million data center construction loanJones Day advised Wells Fargo Bank, National Association in connection with a $100 million data center construction loan.
  • Wells Fargo provides $750 million secured term loan to movie studio, sound stages, and production lotsJones Day advised Wells Fargo Bank, National Association, as administrative agent, in connection with a $750 million secured term loan to a movie studio, sound stages, and production lots.
  • National real estate fund provides $195 million term loan facility secured by high-end mixed use multifamily development in Boca Raton, FloridaJones Day represented a national real estate fund in connection with a $195 million term loan facility secured by high-end mixed use multifamily development in Boca Raton, Florida.
  • Wells Fargo provides $1.65 billion unsecured credit facility to self-administered real estate investment trustJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $1.65 billion unsecured credit facility, comprised of a $1.3 billion revolving credit facility and a $350 million term loan facility, provided to a self-administered real estate investment trust.
  • Wells Fargo provides $120 million financing for five property life sciences portfolioJones Day advised Wells Fargo Bank, National Association, as administrative agent, on the $120 million financing of a five property life sciences portfolio.
  • National real estate fund provides $259 million term loan facility secured by multifamily portfolioJones Day represented a national real estate fund in connection with a $259 million term loan facility secured by multifamily portfolio.
  • Wells Fargo-led syndicate provides $400 million unsecured revolving credit facility to publicly traded real estate investment trustJones Day represented Wells Fargo Bank, National Association, as administrative agent, and Wells Fargo Securities, LLC, as arranger, in connection with an amendment to, and increase of, an existing credit facility to an industrial focused REIT that specializes in owning and operating multi-tenant buildings located in multi-building parks.
  • KeyBank arranges $1 billion revolving credit facilityJones Day represented KeyBank National Association, as left lead arranger and administrative agent, in connection with a $1 billion sustainability-linked revolving credit facility provided by a syndicate of lenders to a publicly traded real estate investment trust.
  • Wells Fargo provides $87.5 million senior secured revolving credit facility to Florida-based homebuilderJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $87.5 million senior secured revolving credit facility provided to a Florida-based homebuilder.
  • Wells Fargo amends facilities secured by mortgages on healthcare and life science propertiesJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the amendment of a $750 million revolving credit facility, $200 million term loan facility, and related intercreditor arrangements, which among other things, secured the facilities with mortgages on close to 100 healthcare and life science properties across the country.
  • Wells Fargo provides financing for construction of mixed-use project in Atlanta, Georgia known as “Midtown Union"Jones Day represented Wells Fargo Bank, National Association in connection with aggregate loans in the amount of $300 million for the construction of a mixed-use project in Atlanta, Georgia known as “Midtown Union".
  • Wells Fargo provides $80 million construction financing for mixed-use repositioning of former electric power stationJones Day represented Wells Fargo Bank, National Association in connection with the $80 million construction financing for mixed-use repositioning of a former electric power station.
  • Wells Fargo-led syndicate of lenders successfully negotiate secured $1.1 billion restructuring credit facility for Pennsylvania Real Estate Investment Trust (PREIT)Jones Day represented Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, in connection with the Chapter 11 financial reorganization plan of Pennsylvania Real Estate Investment Trust (“PREIT”), a publicly traded real estate investment trust that owns and manages a portfolio of shopping malls totaling over 23 million square feet of retail space.
  • Wells Fargo amends $1.4 billion revolving and term credit facilities secured by mortgages on travel centers and hotelsJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the amendment of $1.4 billion revolving and term credit facilities, which among other things, secured the facilities with mortgages on close to 100 travel centers and hotels across the country.
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    AUGUST 2020 Commentaries

    California 2020 Ballot Initiatives Pose Risk of Major Changes to Commercial Real Estate

    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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