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BRUCE J. GRAHAM

PARTNER

  • J.D., 1983
    UCLA School of Law
  • B.A., 1976
    Claremont McKenna College
    (magna cum laude, departmental honors)
Bruce J Graham
601 South Figueroa Street
41st Floor
Los Angeles, CA 90017
USA
213.426.2658

Bruce Graham is a partner in Goodwin Procter's Real Estate Capital Markets Group and its Public Finance Practice. He serves on the firm’s Opinion Committee and formerly served as hiring partner for the firm’s Los Angeles office.

Mr. Graham specializes in the financing and refinancing of a variety of public and private projects, including all forms of public infrastructure, utilities, multifamily housing projects, education facilities, single-family master-planned communities, industrial, manufacturing, transportation, and recreational facilities, hospitals and other non-profit facilities, and commercial and residential redevelopment projects.

Mr. Graham has experience with general obligation bonds, revenue bonds, certificates of participation, bond, tax and revenue anticipation notes, assessment bonds, tax allocation bonds, special tax bonds and conduit revenue bonds for non-governmental borrowers. He has also represented municipal issuers, institutional investors and property owners in defaulted bond workout programs.

WORK FOR CLIENTS

Mr. Graham has served as bond counsel, disclosure counsel and underwriter’s counsel in connection with billions of dollars in tax-exempt and taxable financings. He also regularly counsels land developers, investors and credit enhancement providers with respect to all aspects of public finance. His recent transactions include:

As Bond Counsel

  • City and County of San Francisco in connection with (i) $575 million in general obligation bonds issued in five series between 2010 and 2012 and (ii) $34.4 million in lease revenue bonds to finance library improvements
  • City of Oxnard, California in connection with (i) $35 million water revenue refunding bonds; (ii) $21.4 million wastewater revenue refunding bonds; (iii) $27.9 million Mello-Roos bonds to refinance infrastructure for a mixed-use development; (iv) $28.6 million revenue bonds to refund special tax and assessment obligations; (v) $9.3 million revenue bonds to finance water system improvements and (vi) $15.6 million lease revenue bonds to finance a fire station
  • Panama-Buena Vista Union School District in connection with (i) aggregate $100 million in tax and revenue anticipation notes issued each year between 2010 and 2014; (ii) $18.4 million in voter-approved general obligation bonds and (iii) $33.9 million in certificates of participation to finance school facilities

As Underwriter’s Counsel

  • Stifel, Nicolaus & Company, Incorporated in connection with (i) $83 million in Mello-Roos bonds issued in five series between 2001 and 2014 for RNR School Financing Authority CFD No. 92-1 to finance school improvements and (ii) $132 million in Mello-Roos bonds issued in five series between 2010 and 2014 for the City of Chino to finance infrastructure residential and commercial projects
  • E. J. De La Rosa & Co., Inc. in connection with $132 million for seven series of certificates of participation secured by a variety of tax streams, including gas tax and voter approved taxes

As Developer’s Counsel

  • KB HOME Nevada, Inc. as managing member of successor master developer of master-planned community in Henderson, Nevada, in connection with a $102 million post-bankruptcy assessment bond restructuring
  • Tejon Ranch Corporation in connection with $105 million in Mello-Roos bonds issued in five series between 2000 and 2012 to finance infrastructure for Tejon Ranch commercial project

PROFESSIONAL ACTIVITIES

Mr. Graham is a member of the National Association of Bond Lawyers and the Urban Land Institute.

MEDIA

Mr. Graham is a frequent contributor to Goodwin Procter’s Municipal Bankruptcy Blog, reporting on a range of topics currently affecting distressed municipalities. He has been published in industry newsletters and periodicals, including:

  • “Has the Financial Meltdown Killed Municipal Finance?,” The Journal of Structured Finance (Winter 2009)
  • “QSCBs: The Solution to School Financing Woes?,” REsource (Winter 2010)

BAR AND COURT ADMISSIONS

Mr. Graham is admitted to practice in California.

RECOGNITION

Mr. Graham has been regularly selected by his peers as a "Southern California Super Lawyer" by Law & Politics (2006-2014) and was highlighted in the Legal 500 (2008, 2009). Mr. Graham served as counsel to City National Bank as letter of credit provider for the California School Finance Authority's Educational Facilities Revenue Bonds (High Tech High Chula Vista K-8 Project), Series 2010 Qualified School Construction Bonds (Direct Subsidy Bonds), which received The Bond Buyer's "Far West Deal of the Year" award in 2010. He served as Bond and Disclosure Counsel to the City of Oxnard on the City's Gas Tax Revenue Certificates of Participation (2007 Street Improvement Program), which received The Bond Buyer's "Far West Deal of the Year" award in 2008. Mr. Graham also served as Special Counsel to the California State Treasurer on the State of California's $11 billion Economic Recovery Bonds, Series 2004, which received The Bond Buyer's "Far West Deal of the Year" award in 2005.