Land Secured Financing
Stradling practices at the forefront of land-secured financing, with substantial involvement in Mello-Roos community facilities district (CFD) financings since the legislation’s inception in 1982. As infrastructure demands intensify across developing communities, our team structures innovative financing solutions that address increasingly complex funding challenges. Our track record of favorable results spans hundreds of Mello-Roos financings exceeding $6 billion, serving public agencies, developers, property owners, and financial institutions throughout California and beyond. Notably, we acted as bond counsel in California’s first community facilities district financing and as underwriter’s counsel for the inaugural land secured financing in Hawaii for the County of Kaua’i.
Our lawyers offer comprehensive legal services from district formation through bond issuance and ongoing administration. We work alongside clients to develop strategic financing plans that address specific infrastructure needs while maintaining fiscal responsibility. Our approach to navigating clients through these initiatives combines technical proficiency and insight only experience brings—allowing us to design transactions that serve multiple stakeholders effectively without compromising our client’s position. Stradling regularly assists clients with:
- Community Facilities District (Mello-Roos) formations and financings
- Assessment district formations and bond issuances
- Strategic blending of revenue sources for complex infrastructure needs
- Refinancing opportunities to reduce debt service costs
- Comprehensive disclosure documentation and continuing compliance
Stradling continues to pioneer innovative transactions in land-secured finance, particularly using blended funding approaches that maximize infrastructure development potential and revenue to local agencies. We maintain strong productive communications with public finance participants, including financial advisors, underwriters, developers, and public agencies. This collaborative approach to advising clients facilitates efficient transaction execution while addressing the intricate requirements of modern infrastructure development. Our team remains actively engaged in remaining at the epicenter of emerging trends, including sustainability-focused projects, technology infrastructure projects, and multi-jurisdictional cooperation that characterize today’s land-secured financing landscape.