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Alexander L. Scarola is the Administrative 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

  • $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
  • $1,065,165,000 The Pennsylvania State University Bonds, Taxable Series D of 2020
  • 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
  • $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
  • $610,720,000 City of Houston, Texas Combined Utility System First Lien Revenue Refunding Bonds, Series 2020C and Taxable Series 2020C
  • $886,875,000 Commonwealth of Pennsylvania General Obligation Bonds, First Refunding Series of 2019
  • $18,055,000 Baytown Municipal Development District First-Lien Hotel Revenue Bonds (Baytown Convention Center Hotel) Series 2021A, $14,030,000 Baytown Municipal Development District Second-Lien Hotel Revenue Bonds (Baytown Convention Center Hotel) Series 2021B and $30,680,000 Baytown Municipal Development District Combination Limited Sales Tax Revenue and Third-Lien Hotel Revenue Bonds (Baytown Convention Center Hotel) Series 2021C
  • $188,360,000 Public Improvement Refunding Bonds, Series 2021A, $117,710,000 Public Improvement Refunding Bonds, Series 2021B (Taxable) and $2,595,000 Certificates of Obligation (Demolition Program), Series 2021C
  • $537,510,000 Texas Private Activity Bond Surface Transportation Corporation Senior Lien Revenue Refunding Bonds (LBJ Infrastructure Group LLC I-635 Managed Lanes Project), Series 2020A
  • $249,550,000 Southern Ohio Port Authority Exempt Facility Revenue Bonds (PureCycle Project), Series 2020 
  • $231,950,000 Kentucky Economic Development Finance Authority Senior Revenue Bonds (Next Generation Kentucky Information Highway Project) Series 2015A to finance a Public-Private Partnership (P3) to bring high-speed Internet to all 120 of Kentucky’s counties. The bond offering was selected as The Bond Buyer's 2015 "Deal of the Year."

Recognition & Leadership

  • Listed, The Best Lawyers in America, Public Finance Law, 2021-2022
  • Listed, Super Lawyers magazine, Pennsylvania Super Lawyer, 2015-2022
    • "Rising Star," 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
  • 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