Innovation

Our attorneys are known for their cutting edge work on public, renewable energy, and redevelopment P3 financing models; value based estate planning; and social investment law projects including novel applications and models for benefit corporations.

Innovation is a key component of what makes Pearlman & Miranda different from other law firms. Firm attorneys conceived and designed a number of industry firsts in Public Finance Law, Redevelopment Law, and Renewable Energy Law.

Our attorneys are highly regarded for their pioneering work on project, renewable energy, and redevelopment P3 financing models; values-based estate planning; and social investment law projects including novel applications and models for benefit corporations. We’ve developed in-house financial modeling that allows us to gain a deeper understanding of our clients’ projects to strategically guide next steps. A collaborative process, we work with clients to determine which subsidies are necessary and attainable and to refine the proper “ask” for successfully financing large-scale development projects. This unique benefit of working with our firm provides more effective, customized solutions. 

Firm attorneys designed a number of industry firsts in our respective practice areas including: 

  • The first public–private regional solar energy program pooled financing in the State of New Jersey, if not the nation (the "Morris Model")

  • The first non-profit regional solar energy financing program 

  • The first county guaranteed leasing program in NJ 

  • The first pension pooled financing program in NJ 

  • The first public–private wastewater privatization program in NJ

  • The first public–private drinking water privatization program in NJ  

  • The first EIT AAA-rate cross collateralized financing program in NJ 

  • The first county capital leasing program in NJ 

In addition to these firsts, our team of attorney’s notably:

  • Maximized casino tax earmarking to pay down scheduled and future bond debt service within NJ’s narrowly drawn municipality takeover statute by establishing a waterfall trust agreement to collect and protect such revenues until applied.

  • Structured, sought and received State Local Finance Board multi-year shelf registration approval allowing a master developer to advance tens of millions for city infrastructure due to certainty in program bond reimbursement structure upon roll out of phased development. 

  • Developed an escalated  PILOT and RAB transaction that allowed municipality and developer to share in increased PILOT from general improvement in targeted area providing increased rental income over time. 

  • Structured and implemented $200M plus CDBG-DR grant from HUD from one in a hundred year storm into a subsidized loan and grant program for hospitals to provide for resiliency against next generational storm and ability to blackstart without grid power in such an event. 

  • Assisted in drafting a state subsidy program (OREC) for offshore wind and acted as developer counsel in every state procurement for ORECs necessary to obtain financing for these multi-billion projects in a developing domestic market. 

  • Worked with a major Wall Street firm to structure a program to monetize in domestic marketplace utility balance sheet funded European offshore wind projects. 

  • Acted as special renewable energy counsel for the largest university multi site solar development program in the Eastern half of the country.

  • Assisted State in developing NJ statute and regulations for its revised C-PACE program for energy efficiency and renewable financings.

  • Assisting State of NJ in developing an investment grade RAB program and other incentives to unlock development in the State’s most economically challenged areas.

Our attorneys are recognized thought leaders, highly regarded by law journal editors and state legislators, and frequently commissioned to write articles for law journals. We have drafted and commented on original legislation, many forms of which have been enacted into law. Government agencies and academicians have written on the many new concepts originated by the firm that have been adopted as industry-wide standards.

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