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303.583.8240
  • Education
    • J.D., University of Denver Sturm College of Law, Order of St. Ives
    • B.S., University of Minnesota

Paul Franke brings over 30 years of sophisticated real estate transactional, banking and finance and construction law experience to every matter he handles for his clients. In his wide ranging practice, he represents a myriad of client types, including owners and developers of commercial real estate, landlords and tenants, affordable housing developers, senior housing providers and skilled nursing facilities, community land trusts and other tax exempt organizations, banks and other financial institutions, and contractors, subcontractors and engineers. 

Paul provides counsel to clients developing affordable housing through the Federal Low Income Housing Tax Credit Program, the Section 8, 202, CDBG and HOME programs, and numerous state and local programs providing subsidy to developers of affordable housing. He assists nonprofit clients in the formation of tax-exempt public private partnerships with state and local governments.

Paul was ranked in Band One of Chambers USA for banking and finance lawyers in the Denver market in 2020, only one of 5 attorneys to be so in Denver. He counsels banks, insurance companies, commercial finance companies, other lending institutions and borrowers on a wide array of lending matters, including construction, mezzanine and permanent real estate financings for apartments, commercial office, industrial and warehouse properties, shopping centers, senior living communities and skilled nursing facilities and mixed use developments. He provides counsel to buyers and sellers of loan portfolios and to loan participants and lead banks and servicers of syndicated lending arrangements and structured financings. He represents financial institutions and borrowers in the documentation and closing of asset-based financings, including equipment leasing, aircraft finance, and accounts receivable and inventory financing and he counsels clients in the restructuring and liquidation distressed loans; his work in this area includes receiverships, loan works outs, foreclosures and deeds-in-lieu of foreclosure.

Paul’s real estate practice has given him the opportunity to develop significant expertise in the drafting and negotiation of construction, design and engineering contracts for all types of clients, including hospital systems and owners and developers of other health care real estate; owners and developers of commercial real estate, including office, market rate and affordable multifamily for-sale and rental housing; sports and entertainment complexes; industrial plants; and data and convention centers. He routinely works on contracts of all delivery types, including design-bid-build, design build, engineering procurements and construction agreement, and integrated project delivery. He advises owners of women and minority owned business enterprises, small business enterprises and disadvantaged business enterprises working in the construction industry, as well as contractors and subcontractors on civil engineering and commercial real estate projects. He provides counsel to clients on various types of construction and design-related claims and disputes, including design errors and omissions, delay claims, cumulative impact claims, mechanics’ liens and other breach of contract claims.

  • Represented a Colorado-Springs based commercial real estate developer and local homeless shelter in the development, financing, construction and syndication of a $15,000,000, 65 unit federal low income housing tax credit project for homeless individuals in Colorado Springs, Colorado. 
  • Represented a rural county and its housing authority in the joint-venture ground lease development and financing of a $30 million dollar senior assisted living and continuum of care housing project.
  • Created and implemented a RFQ for a locally based nonprofit owner of a 156 unit, 14 story low income senior high-rise project in Denver, Colorado do, that resulted in the successful sale to an out-of-state purchaser.
  • Assisted a community land trust in the formation of a tax exempt joint venture with a local housing authority to take advantage of state property tax exemption rules.
  • Represented an owner in the sale of a 200-unit low-income housing rental project with Section 8 Housing Assistance Payment subsidy.
  • Represented the developer of two projects (6320 Corp and LIHTC) totaling 244 units of affordable housing in Eagle County, Colo.
  • Worked with a national multifamily housing developer to reposition its portfolio of LIHTC (low income housing tax credit) projects for sale or refinancing. Represented an offshore joint venture developer and owner in the design and construction of a new $100,000,000 glass manufacturing plant.
  • On-going representation of a Midwest based nonprofit in the design and construction of a $250,000,000 agricultural, education and events center complex.
  • On-going representation of a leading fabricator and manufacturer of electronic billboard signs for highway and large event center complexes.
  • Represented a locally based developer in the design and construction of a $50,000,000 condominium project in Denver, Colorado.
  • On-going construction legal work for a national, value add commercial real estate owner and developer of commercial office, industrial and data center projects.
  • Ongoing representation of a large Colorado based nonprofit hospital system in the drafting and negotiation of construction and design contracts for its multi-campus multi-billion dollar hospital system.
  • On-going representation of a phoenix based hospital system in the review, drafting and negotiation of construction and design contracts for hospital system.
  • On-gong representation of national hospital system in the construction, development and financing of the $1,100,000,000 expansion of its hospital campus in Houston, Texas.
  • On-going representation of a Kansas-based developer in the drafting and negotiation of design and construction contracts for a $95,000,000 multifamily rental project in Overland Park, Kansas.
  • Represented a venture capital fund in structuring and closing the sale of a 150-lot subdivision to a Denver-based homebuilder in which the fund is also providing a master construction loan facility to the builder.
  • On-going representation of a Denver-based nonprofit loan fund providing construction and permanent financing to charter schools serving low income populations in Colorado front range communities.  
  • On-going representation of super regional bank in the drafting, negotiation and closing of construction and mini perm loans for senior independent living communities in New Mexico and Oklahoma. 
  • Represented the developer, and later receiver, of The Landmark, a 250-unit $180 million mixed-use residential and retail development in Greenwood Village, Colo. Work involved preliminary platting and subdivision of the project, condominium and master association formation, sales of commercial condominium units and pad sites, and management of construction defect claims.
  • Ongoing representation for the land owner of a 120-acre mixed used development project in Greeley.
  • Represented national hospital chain in documenting and closing the purchase of vacant land for development and construction of $10 million workforce housing rental project in Williston, N.D.
  • Represented physician groups in formation of a limited liability company with medical office building developer for development, construction, leasing, and financing of 80,000-square-foot medical office building at new hospital campus in Grand Junction, Colo.
  • Represented physician groups in formation of a limited liability company with medical office building developer for development, construction, leasing, and financing of a $30,000,000, 45,000 square foot medical office building in Denver, Colorado.
text icon Publications & Presentations
A Primer on Construction, Permanent and Bridge Lending in Financing the Affordable Housing Deal
ABA Journal of Affordable Housing and Community Development Law
Spring 1998 and Winter 2000
text icon Publications & Presentations
Lectures
  • Housing and Finance Related
    • Federal Low Income Housing Tax Credit Program Construction
    • Permanent and Mezzanine Financing Construction
    • Architect's Agreements
    • Commercial Guaranties
  • Affordable Housing and Marijuana – Rocky AHMA, October 2013
  • Affordable Housing Trends and Recent Trends Webinar – Lorman November 2015
  • Colorado Law Institute – Affordable Housing Trends and Recent Developments, April 2016
  • Fair Housing – Rocky AHMA, August 2016
  • Construction and Design Panel Moderator – Colorado Real Estate Journal Healthcare Real Estate  Symposium, 2017 and 2018