Rudy Salo works with lenders, borrowers and underwriters on a broad range of public projects financed by tax-exempt and taxable debt. He advises clients on public offerings and direct lending/privately placed debt serving as lender’s/bank, bond, disclosure, underwriter’s or borrower’s counsel.
I have significant experience representing commercial banks in providing credit and liquidity facilities in support of tax-exempt and taxable municipal securities, as well as representing those banks in the direct purchase of privately placed debt and the negotiation of revolving credit agreements and other lending solutions. I also advise on the various real estate issues that arise in connection with transactions that use real estate as collateral. I have represented numerous banks throughout the country in such transactions, including in California, New York, Massachusetts, Washington, Oregon and New Mexico.
I have significant experience in both short- and long-term financings for school districts, community college districts, private schools and universities throughout the country. These financings include serving as bond counsel, underwriter’s counsel, disclosure counsel and lender’s counsel in the issuance of general obligation and revenue bonds as well as direct placements/loans.
My work also involves financings related to transportation, including significant experience in funding transportation projects. These projects include serving as disclosure counsel to the State of Nevada in connection with its highway revenue bonds; the financing of the extension of the 91 Express Lanes into Riverside County, California; the Dallas Area Rapid Transit’s Orange Line extension to Dallas-Fort Worth Airport; the renovation of the City of Denver’s Union Station; the financial restructuring of the South Bay Expressway (State Road 125) toll road in Southern California upon its emergence from bankruptcy; and the sale and financing of the sale of State Road 125 to the San Diego Association of Governments. I also have served as underwriter’s and bank counsel on several sales tax-backed deals throughout California.
I see changes needed in how to finance transportation projects throughout the country, including the infrastructure needed to accommodate driverless car technology. I also see continuing opportunities for municipalities and nonprofits to combine a variety of private, local, statewide and federal funding revenues to progress various public improvement projects, including the expansion of the use of revolving credit agreements in short-term financings.
Governing.com | May 20, 2019
Los Angeles Public Finance and Project Finance partner Rudy Salo says the impact of federal tax reform, which included a $10,000 cap on the deduction for state and local taxes, on the real estate market has not been as dire as predicted.
Governing.com | April 11, 2019
This article about the federal tax reform’s impact on states quotes Los Angeles Project Finance and Public Finance partner Rudy Salo discussing the long-term effects it may have on government debt and how voters may react to bonds in the future.
Los Angeles Business Journal | February 12, 2019
Los Angeles Project Finance and Public Finance partner Rudy Salo is quoted in this story about the benefits and accompanying uncertainty for small businesses involved in large-scale infrastructure projects.
Bond Buyer | January 03, 2019
Los Angeles Project Finance and Public Finance partner Rudy Salo is quoted in this article on the medium-term outlook for cannabis businesses, which may get a boost from a variety of political factors that could lessen the federal government’s resistance to legalization.
Governing | January 01, 2019
Los Angeles Project Finance and Public Finance partner Rudy Salo is quoted in this article discussing how taxpayers across the country are likely to pay higher bills this April due to the new $10,000 cap on federal deductions for state and local taxes.
The Bond Buyer | July 26, 2018
Los Angeles Project Finance and Public Finance partner Rudy Salo is quoted in this article on how autonomous vehicles will impact the future of transportation planning.
The Bond Buyer | July 23, 2018
Los Angeles Project Finance and Public Finance partner Rudy Salo provides his perspective on how driverless cars will impact mass transit planning in this Bond Buyer podcast.
Medium.com | May 08, 2018
Los Angeles public finance partner Rudy Salo, an Arab-American with family roots in Lebanon, wrote this piece about the importance of the California State Senate’s recent resolution declaring Arab American Heritage Month.
GlobeSt.com | February 22, 2018
Los Angeles public finance partner Rudy Salo and Washington DC public finance associate Noah Lebowitz authored this column about the growing demand for esports venues and the opportunities it presents for communities and developers.
Civic Business Journal | October 15, 2017
This Q&A features Los Angeles public finance partner Rudy Salo and highlights his educational background, career, legal practice and his outlook on the public finance sector.
Cannabis Alert | 07.15.18
Cannabis Alert | 07.08.18
Cannabis Alert | 04.22.18
Public Finance Alert | 03.14.17
10.25.18 | Los Angeles, CA
06.13.17 | Boston, MA
01.17.17 | Los Angeles, CA
Georgetown University Law Center, J.D.
University of California, Los Angeles, B.A., magna cum laude
Rudy Salo is a member of the National Association of Bond Lawyers, the Los Angeles County Bar Association and the American Bar Association.