Shareholder

Los Angeles

Direct: 213.891.5022

Office: 213.891.0700

ssalomon@buchalter.com

Bar Admissions

California

Overview

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Scott Salomon specializes in real estate transactions, with an emphasis on tax credit finance and real estate secured transactions. As a member of the Community Development Finance group, Scott represents investors, lenders, developers, and borrowers in the structuring, negotiation, and closing of financing for projects qualifying for 4% and 9% affordable housing tax credits, historic rehabilitation tax credits, solar tax credits, and new markets tax credits. He also regularly represents lenders and borrowers in syndicated and single-lender acquisition, construction, and permanent loans for residential and commercial properties, and represents companies in acquiring, leasing, and disposing of property.

Scott has been recognized as “One to Watch” in the 2022-2025 edition of Best Lawyers for his work in Project Finance Law and Real Estate Law and as a “Rising Star” by Super Lawyers in 2024 & 2025.

Scott currently serves on the firm’s Pro Bono Committee and Recruiting & Lateral Integration Committee.

Scott Salomon has acted as lead transactional counsel to several lenders, tax credit investors, community development entities, and companies. Below are some representative matters:

Affordable Housing (LIHTC) Transactions

  • Represents financial institutions on construction loans, permanent loans, state and federal low-income housing tax credit investments, and solar tax credit investments, having successfully closed over 75 affordable housing transactions across 8 states, including:
    • Represented a national bank in its $97 million loan and $71 million certificated state tax credit and 4% equity investment for the new construction of a family and senior apartment project containing nearly 400 units in California
    • Represented a regional bank in its $17 million loan for the new construction of a 4% housing project containing 55 units in California
    • Represented a national bank in its $84 million loan for the new construction of a 4% / 9% hybrid transit-oriented development containing 365 units in Washington
    • Represented a national bank in its $45 million construction loan and $38 million equity investment for the new construction of a 4% housing project containing 160 units in Oregon
    • Represented a national bank in its $45 million construction loan and $19 million equity investment for a 4% housing project containing over 200 units in Nevada
    • Represented a national bank in its $17 million loan for the new construction of a 9% housing project containing 125 units in Texas
  • Represents a consortium of lenders working with states, cities, and counties to standardize subordinate loan documentation
  • Represented a seller in stock sale of a holding company owning roughly 150 affordable housing properties across the United States.

Historic Tax Credit (HTC) Transactions

  • Represents parties in connection with the rehabilitation of historic buildings in a manner which qualifies for state and federal historic tax credits, having successfully closed over 30 historic tax credit transactions across more than 10 states, including:
    • Represented a national bank as federal tax credit investor on rehabilitation of Bell Labs Holmdel Complex located in New Jersey (featured on Severance on Apple TV)
    • Represented a fund as federal tax credit investor and purchaser of state certificated tax credits for the rehabilitation of a hotel on the San Antonio River Walk.
    • Represented a fund as federal tax credit investor and purchaser of state certificated tax credits for the rehabilitation of a multifamily residential project in Ohio
    • Represented a national bank as federal tax credit investor in the historic rehabilitation of historic cottages located at Crystal Cove State Park
    • Represented a developer in connection with the rehabilitation of mixed-use project in San Pedro, California.

New Markets Tax Credits (NMTC) Transactions

  • Represents financial institutions on equity investments and loans for projects qualifying for new markets tax credits, having successfully closed over a dozen new markets tax credit transactions, including:
    • A source lender and a community development entity in connection with the construction of a travel center and convenience store for a Native American tribe in Nevada.
    • A new markets tax credit investor and community development entity in connection with the construction of new headquarters for a non-profit organization providing athletic, academic and leadership development programming for youth in Detroit, Michigan.

Other Real Estate Transactions

  • Represents financial institutions and alternative lenders on loans for market rate projects secured by real estate, including:
    • An administrative agent in connection with a $110 million syndicated loan facility for construction of mixed-use project including multifamily housing and retail space in California and a $25.4 million syndicated loan facility for the acquisition of adjacent parcels for future development.
    • A lender in connection with a homebuilder loan for a planned community located in California
    • A lender in connection with a loan for the construction of a shopping center
    • A lender in connection with a loan for the construction and permanent financing of office and retail space
  • Represented a seller of fee and ground leasehold interests in more than 20 assisted living facilities throughout California and Washington
  • Represented a purchaser of a retail store in Redlands, California

Admissions

  • California

Education

  • Loyola Law School, J.D., cum laude
    • Order of the Coif
    • Note and Comment Editor on the Loyola of Los Angeles Entertainment Law Review
    • ABA Competition Team member on the Scott Moot Court Honors Board
  • University of California, Los Angeles, B.A., Political Science, cum laude

  • Member, Tax Credit and Equity Financing Committee of the American Bar Association’s Forum on Affordable Housing and Community Development Law
  • Member, Historic Tax Credit Coalition, IRS Subcommittee
  • Member, Firm’s Recruiting & Lateral Integration Committee
  • Member, Firm’s Pro Bono Committee

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