Mr. McCalla is a partner in the Real Estate Section and practices in most areas of real estate law.
Mr. McCalla represents developers, lenders, landlords, and tenants in the structuring, negotiation and documentation of real estate transactions. Typical transactions handled include purchase and sale agreements, real property secured financings (including construction loans, construction contracts, shared appreciation loans, mezzanine financings and revolving credit loans), option agreements, and leases.
AREAS OF CONCENTRATION
· Multi-Family Housing Practice - Mr. McCalla has been involved in all facets of the acquisition, disposition and financing of multi-family housing developments. Since 2005, Mr. McCalla has been the primary counsel in transactions valued well in excess of $600 million.
· Real Estate Finance - Mr. McCalla has extensive experience in representing lenders and borrowers in real estate finance, including construction loans, permanent loans, mezzanine financing, shared appreciation loans and ground lease financing. In addition, Mr. McCalla has significant experience in structuring equity transactions with both individual and institutional investors.
· Affordable Housing - Mr. McCalla has substantial experience in affordable housing developments, including projects financed with multi-family housing revenue bonds and low-income housing tax credits. Multi-family revenue bond experience includes both private placement and credit enhancement transactions. Low income housing tax credit experience includes the structuring of partnership agreements between developers and low income housing tax credit syndicators. In addition, Mr. McCalla is experienced with other forms of public agency financing of affordable housing developments. Mr. McCalla also has significant experience with the California Property Tax Welfare Exemption.
REPRESENTATIVE CLIENTS
· Fairfield Residential LLC
· Union Bank, N.A.
· The Ezralow Company
· Davlyn Investments, Inc.
· Jamboree Housing Corporation
· The Space Center
· Brooks Street
PUBLICATIONS/SEMINARS
· "Judicial Disciplining of Federal Judges Is Constitutional",62 So. Calif. L. Rev. 1263 (1989)
PRACTICE GROUPS
· Affordable Housing/Economic Development
· Real Estate
COMMUNITY/AFFILIATIONS
· Member, Board of Directors, Jamboree Housing Corporation, a Nonprofit Housing Corporation.