David I.Paulson

Partner

旧金山 + 1.415.875.5794

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David Paulson's practice centers around the representation of private capital providers, debt funds, and commercial lenders in complex real estate finance transactions as well as the resolution and restructuring of distressed 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, preferred equity, 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. David also 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.

David helps coordinate Jones Day's real estate finance area and frequently presents seminars and trainings on all aspects of real estate financing and workouts.

经验

  • Wells Fargo provides $300 million syndicated revolving credit facility to national owner/operator of marina facilitiesJones Day represented Wells Fargo Bank, National Association, as administrative agent, left lead arranger, and lender, and another financial institution, as a joint lead arranger and a lender, in connection with a $300 million syndicated, pledge-secured, revolving credit facility provided to a national owner/operator of marina facilities.
  • Wells Fargo-led syndicate provides $1.3 billion term loan facilities for assumption by real estate investment trustJones Day represented Wells Fargo Bank, National Association, as administrative agent, and Wells Fargo Securities, LLC, as arranger, in connection with the assumption by a real estate investment trust of two senior unsecured term loan facilities of $1.3 billion, consisting of a $800 million term loan facility with a $300 million tranche, a $500 million tranche, and a $500 million single tranche term loan facility.
  • Hard Rock partners with Steve Cohen to bid for casino and entertainment complex in New YorkJones Day advised Hard Rock International in connection with its partnership with Steve Cohen, owner of the New York Mets, for a bid to secure a downstate New York gaming license.
  • National bank sells $160 million syndicated loan secured by an office buildingJones Day advised a national bank, as administrative agent, in connection with the sale of an approximately $160 million distressed syndicated loan secured by an office building.
  • Wells Fargo and syndicate of lenders provide $600 million secured construction loan facility to industry-leading data center operatorJones Day represented Wells Fargo Bank, National Association, as administrative agent and a lender, and Wells Fargo Securities, LLC, as left lead arranger, in connection with the modification and $300 million upsize to an existing $300 million senior secured construction loan secured by a to-be-constructed data center buildings located in Goodyear, Arizona.
  • Wells Fargo amends and restates $650 million senior secured revolving credit facility for publicly traded real estate investment trustJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the amendment and restatement of a $650 million senior secured revolving credit facility for a publicly traded real estate investment trust.
  • Wells Fargo refinances $1.225 billion unsecured credit facilityJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection the refinancing of a $1.225 billion unsecured credit facility, inclusive of a $600 million revolving credit facility, a new $225 million tranche A-1 term loan facility, and an existing $400 million tranche A-2 term loan facility for a publicly traded real estate investment trust.
  • Wells Fargo provides $66.2 million term loan facility secured by hotel and resort in Hilton Head Island, South CarolinaJones Day represented Wells Fargo Bank, National Association in connection with a $66.2 million term loan facility secured by a 202 room hotel and resort in Hilton Head Island, South Carolina.
  • Wells Fargo and syndicate of lenders provide $300 million secured construction loan facility to industry-leading data center operatorJones Day represented Wells Fargo Bank, National Association, as administrative agent and lender, and Wells Fargo Securities, LLC, as left lead arranger, in connection with a $300 million senior secured construction loan secured by a to-be-constructed data center building located in Goodyear, Arizona.
  • 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.
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    August 2023 Commentary

    Federal Banking Agencies Propose Increased Capital Requirements for Large Banks

    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

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