David I.Paulson

Partner

San Francisco + 1.415.875.5794

Connect:

Share

David Paulson's practice centers around the representation of commercial lenders and other sources of capital in complex 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.

David's areas of special focus include hospitality, single-family for rent housing, multifamily, office, retail, studio, industrial, senior housing, and data center properties, as well as secured and unsecured lines of credit for real estate investment trusts (REITs), regional and national homebuilders, and real estate funds. Additionally a significant portion of his time is spent working with mezzanine, A/B, and other forms of subordinated financing.

David's workout experience spans the gamut from the restructuring and exercise of remedies with respect to single-asset secured transactions, to the workout of large secured and unsecured syndicated public-company credits, including within bankruptcy and litigation. Additionally David has led numerous large and small note purchase and sale transactions, including global purchases of large multicountry loan portfolios and the purchase and sale of small pools of nonperforming loans.

The clients David serves include national and international financial institutions, as well as numerous non-bank lenders.

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 upsizes its existing secured construction loan for data center provider to $280 millionJones Day represented Wells Fargo Bank, National Association, as administrative agent and lender, and Wells Fargo Securities, LLC, as sole lead arranger, in connection with the syndication and upsize to $280 million of an existing secured construction loan provided to a data center provider.
  • MassMutual negotiates and documents warehouse facility for real estate secured loansJones Day represented Massachusetts Mutual Life Insurance Company in negotiating and documenting a warehouse facility for real estate secured loans, each backstopped by a take-out commitment from a third party.
  • Wells Fargo and group of lenders provide $525 million unsecured revolving credit facility to large real estate investment management firmJones Day represented Wells Fargo Bank, National Association, as administrative agent and lead arranger, in connection with a $525 million syndicated senior unsecured revolving credit facility provided to a large real estate investment management firm.
  • Wells Fargo provides $43 million secured term loan facility to refinance and renovate hotel located in Bend, OregonJones Day represented Wells Fargo Bank, National Association, as administrative agent and lender, in connection with a $43 million senior secured term loan facility provided to refinance and renovate a 221 room hotel located in Bend, Oregon.
  • Wells Fargo provides $475 million senior loan facility secured by portfolio of 12 multifamily properties across multiple statesJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the origination of a $475 million senior loan facility secured by 12 multifamily properties across Arizona, California, and Illinois.
  • Wells Fargo provides $185 million to national real estate developer for acquisition and renovation of garden style apartment buildings located in Fairfax County, VAJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a secured loan provided to a national real estate developer to finance the acquisition and renovation of an existing 97% occupied, 1,065-unit, Class B multi-family asset consisting of 84 three-story, garden style apartment buildings located in Fairfax County, VA.
  • Wells Fargo provides $306 million construction loan for development of office/lab building located in San Francisco's Mission Bay neighborhoodJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $306 million syndicated secured construction loan for the development of an office/lab building containing approximately 320,000 net rentable square feet and located in San Francisco's Mission Bay neighborhood.
  • Wells Fargo provides $88.5 million term loan to private developer to finance acquisition and partial renovation of multifamily residential property in Phoenix, ArizonaJones Day represented Wells Fargo Bank, National Association in connection with a $88.5 million term loan provided to a private developer to finance the acquisition and partial renovation of a 440 unit multifamily residential property in Phoenix, Arizona.
  • Wells Fargo provides $156 million financing for residential apartment complex in Austin, TexasJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $155.99 million construction loan secured by the construction of a "Class A" apartment complex which will include 37 residential apartment units, 3,372 rentable square feet of retail space, and a parking structure located in Austin, Texas.
  • Wells Fargo originates $750 million “Green Loan” and amends $900 million revolving credit facility for private real estate investment fundJones Day represented Wells Fargo Bank, National Association, as administrative agent and lender, and Wells Fargo Securities LLC, as syndication agent, in connection with an unsecured term loan facility in the aggregate amount of $750 million to a real estate investment fund.
  • Wells Fargo provides $685 million syndicated construction loan for hotel and convention center in Chula Vista, CaliforniaJones Day represented Wells Fargo Bank, National Association, in connection with a $685 million construction loan to the developers of the Gaylord Pacific convention center and hotel.
  • 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.
    • View All

    AUGUST 2020 Commentary

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

    April 2020 Commentary

    Relief for Multifamily Borrowers and Tenants in the CARES Act

    February 2013 Alert

    California Supreme Court Allows Parol Evidence to Prove Fraud

    Before sending, please note:

    Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.