Overview

David is a partner in the firm’s real estate practice group. His practice focuses on construction and permanent real estate financing, securitized lending, secured letters of credit and complex construction financing involving multiple financing and grant resources. He represents financial institutions in matters involving tax credit financings, including numerous of construction projects supported by low income tax credits, historic tax credits, new markets tax credits, lost development rights, tax increment financing, USDA Rural Housing funds and/or HUD HOPE VI funds.

David's experience also encompasses providing counsel to financial institutions in real estate loan workouts and restructurings. He also provides counsel to real estate clients in acquiring and developing commercial and residential real estate projects.

Experience
  • Represented a lender in a $43.8 million construction bond financing for developing an affordable housing project supported with federal Low-Income Tax Credits.
  • Represented a lender in a $6,000,000 construction loan financing for a 230-unit multifamily affordable housing project supported by Federal Low-Income Tax Credits and Historic Tax Credits.
  • Represented a lender in a $25,000,000 construction loan financing for a 240-unit multifamily affordable housing project supported by Federal Low-Income Tax Credits and State Low Income Tax Credits.
  • Represented a lender in a $11,000,000 construction loan financing for a multi-use project combining affordable housing with commercial space in New York supported by Federal Low-Income Tax Credits and State Low Income Tax Credits.
  • Represented a lender in a $35,000,000 construction and permanent loan financing for a multi-use project including housing and commercial space supported by New Markets Tax Credits and Historic Tax Credits.
  • Represented a lender in a $3,400,000 construction loan for a 34-unit affordable housing project supported by federal Low-Income Tax Credits and a subordinate USDA Rural Development Loan.
Presentations
  • "Twinning New Markets Tax Credits and Historic Tax Credits," 53rd Annual Cleveland Tax Institute, 2010
Distinctions
  • Order of the Coif
Professional and Civic

Community Activities

  • Chagrin Falls Dad's Club
  • University Settlement
News