Cox, Castle & Nicholson represents financial institutions, private lenders, equity investors, and developers in a broad array of public finance and economic development transactions, including tax-exempt and taxable municipal debt issuances for multi-family housing, infrastructure, transportation, and health care, school, and other 501(c)(3) facilities. We regularly structure and negotiate complex financings, including deals involving senior and subordinate bonds with several other sources of grant proceeds, debt, and equity.
We have extensive experience across a broad array of public finance and economic development programs and finance tools, such as: (i) community facilities district (CFD) bond financing under the California Mello-Roos Community Facilities Act of 1982; (ii) synthetic lease revenue bond and certificates of participation (COP) financing; and (iii) grants and loans from the California Department of Housing and Community Development's Transit-Oriented Development (TOD) and Infill Infrastructure Grant (IIG) programs funded from California Proposition 1C proceeds.
Economic development projects often combine a complicated mix of facilities such as multi-family rental housing (both market-rate and low-income restricted), condominium and townhouse for-sale housing; hotels; retail and commercial facilities; public and private parking facilities; public transportation facilities; and public parks. With cross-disciplinary expertise in real estate, tax, municipal finance, affordable housing, hospitality, construction, land use, and governmental law, Cox, Castle & Nicholson offers clients full service across the spectrum of complicated, interrelated legal issues that arise in these large projects.