Profile
Alexander L. Scarola is the Managing Shareholder of the Philadelphia office. Alex focuses his practice on public finance, infrastructure finance, project finance and asset-based lending. Alex serves as bond counsel, lender’s counsel, underwriter’s counsel, purchaser’s counsel, disclosure counsel and borrower’s counsel in tax-exempt and taxable finance and lending transactions.
Concentrations
- Multifamily housing financings
- Project finance
- Asset based lending
- General obligation and revenue financings
- Utility financings, including water, sewer and gas
- Higher education financings
- Health care financings
- 501(c)(3) financings
- P3 financings
- Stadium financings
- Global Energy & Infrastructure
Capabilities
Experience
- $1,759,135,000 Pennsylvania Economic Development Financing Authority Tax-Exempt Private Activity Revenue Bonds (The Penndot Major Bridges Package One Project), Series 2022 (AMT)
- $151,950,000 The Pennsylvania State University Bonds Series of 2022
- $288,626,223 Public Finance Authority Public Improvement Loan (I-285/I-20 East Interchange Project) Series 2022
- $19,815,000 Public Finance Authority Air Cargo Obligated Group Revenue Refunding Bonds (AFCO Airport Real Estate Group) Taxable Series 2021
- $130,000,000 City of Houston, Texas Combined Utility System First Lien Revenue Bonds, Series 2021C
- $98,295,000 Harris County, Texas Permanent Improvement Refunding Bonds, Series 2021A
- Represent institutional lender in connection with over $500 million low-income multifamily housing financings
- Represent institutional lender in connection with over $500 million multifamily housing bridge financings
- Represent international banks in connection with over $100 million multifamily housing financings
- $15,800,000 The Industrial Development Authority of the City of Phoenix, Arizona Commercial Facilities Revenue Bonds (Overland Crossing Project) Taxable Series 2022
- $294,810,000 City of Philadelphia, Pennsylvania Water and Wastewater Revenue Bonds, Series 2022C
- $29,725,000 Harris County, Texas Tax and Subordinate Lien Revenue Certificates of Obligation, Series 2022
- $302,040,000 The City of Philadelphia, Pennsylvania Airport Revenue and Refunding Bonds, Series 2021 (AMT/Private Activity)
- $231,930,000 City of Philadelphia, Pennsylvania Water and Wastewater Revenue Bonds, Series 2021C
- $15,800,000 The Industrial Development Authority of the City of Phoenix, Arizona Commercial Facilities Revenue Bonds (Overland Crossing Project) Taxable Series 2022
- $294,810,000 City of Philadelphia, Pennsylvania Water and Wastewater Revenue Bonds, Series 2022C
- $29,725,000 Harris County, Texas Tax and Subordinate Lien Revenue Certificates of Obligation, Series 2022
- $302,040,000 The City of Philadelphia, Pennsylvania Airport Revenue and Refunding Bonds, Series 2021 (AMT/Private Activity)
- $231,930,000 City of Philadelphia, Pennsylvania Water and Wastewater Revenue Bonds, Series 2021C
Recognition & Leadership
- Listed, The Best Lawyers in America, Public Finance Law, 2021-2023
- Listed, Super Lawyers magazine, Pennsylvania Super Lawyers, 2015-2022
- "Rising Stars," 2005-2006 and 2011-2014
- Member, Winning Team, Global M&A Network’s Turnaround Atlas Awards, “Chapter 11 Restructuring, Mid-Market Segments (100-250)” for the restructuring of Lombard Public Facilities Corporation, 2019
- Member, Winning Team, TMA Chicago/Midwest Awards Program, “Small Transaction of the Year” for the restructuring of the Lombard Public Facilities Corporation, 2018
A description of the selection methodology for the above awards can be found here. No aspect of this advertisement has been approved by the Supreme Court of New Jersey.
- Member, Board of Directors, Central Philadelphia Development Corp., 2021-Present
- Member, Pennsylvania Bar Association
- Member, National Association of Bond Lawyers
- Member, Pennsylvania Association of Bond Lawyers
Credentials
Education
- LL.M., Taxation, New York University School of Law, 2000
- J.D., University of Baltimore School of Law, 1999
- B.A., University of Delaware, 1996
Admissions
- Pennsylvania
- Maryland
- New Jersey