Senior Associate
Los Angeles
David Song advises serves as bond, disclosure, issuer, borrower, and underwriter’s counsel governmental entities and large nonprofit organizations – such as universities and hospital systems – on taxable and tax-exempt financing transactions. He serves as bond, disclosure, issuer, borrower, and underwriter’s counsel, helping clients navigate each stage of the financing process to achieve their project goals efficiently and effectively.
David guides states, counties, cities, school districts, large nonprofit organizations, underwriters, and borrowers to help them successfully finance infrastructure and capital improvement projects. His experience includes general obligation bonds, revenue bonds, letters of credit, certificates of participation, and tax and revenue anticipation notes.
David assists clients throughout the financing process, from conducting due diligence reviews and ensuring compliance with state, local, and federal laws to drafting offering documents and researching complex legal issues. He has supported financings for some of the largest issuers in California, such as the State of California, the City of Los Angeles, the City of San Diego, the Los Angeles County Metropolitan Transportation Authority, and The Metropolitan Water District of Southern California.
Prior to joining the firm, David worked on complex tax and regulatory compliance projects for public, private, and government clients, and prepared and reviewed corporate, pass-through, and individual amended tax returns, and represented clients in examinations before the IRS and California Franchise Tax Board.
Affordable housing projects, especially in California, have been increasing as of late, and I expect will continue to grow to be a larger segment of transactions going forward. The number of conduit and direct 501(c)(3) transactions for Social and Social Impact Bonds supporting affordable housing projects continues to rise, and affordable housing is top of mind across the country. Like traditional infrastructure projects that must be completed despite rising interest rates, I think affordable housing will follow suit.