From Our Video Series
Honors & Awards
- Kentucky Super Lawyer®, Rising Star, 2019-2020 (Real Estate)
- FCBA Outstanding Young Lawyer Award, 2018
- University of Kentucky - Joseph T. Burch Young Alumni Service Award Winner, 2018
U.S. District Court Eastern District of Kentucky, 2010
U.S. District Court Western District of Kentucky, 2010
U.S. Court of Appeals 6th Circuit, 2010
University of Kentucky College of Law, Lexington, Kentucky, J.D., 2010
- Vice President, Student Bar Association, 2008-2009
- Student Government Supreme Court, Chief Justice 2009-2010
- UK Trial Team, Member, helped lead the team to a 2nd in the nation ranking, 2008-2010
- Kentucky Trial Tournament Best Advocate Award, 2008
- CALI award for litigation skills, 2010
University of Kentucky, Lexington, Kentucky, B.A., Magna Cum Laude, 2007
- Graduated with Honors in the History Department
- Golden Key Honour Society 2004 - Present
- DanceBlue, Corporate Relations Chairman
- Major: History
I enjoy a diverse practice in several areas of real estate, transactional, litigation, and administrative law.
I have extensive real estate, lending, and corporate experience in the land development industry, particularly in the areas of multifamily housing, affordable housing, property management, and non-profit governance. I represent lenders, investors, and developers in structuring and closing new construction, rehabilitation projects and land/asset purchases and sales. Many of these projects involve state and federal low-income housing tax credits, historical tax credits, grant proceeds, HUD and USDA mortgages, as well as conventional financing. My experience includes advising non-profit organizations in corporate governance and community development.
One facet that drew me to practice law at McBrayer is the devotion and support from firm management regarding community service and philanthropic passions. In addition to my practice, I serve in the elected role of councilmember for the 7th District of Lexington. It is a great honor and pleasure to serve my constituents - working to make Lexington the best place to live, work, and enjoy.
I also spend time raising funds for families and children who are dealing with specific healthcare needs at the Kentucky Children's Hospital. During my undergraduate years at the University of Kentucky, I served as one of the early leaders for the University of Kentucky DanceBlue dance marathon, a year-long, student-run fundraiser which raises in excess of $1 million each year to support the kids of the DanceBlue Kentucky Children’s Hospital Pediatric Hematology/Oncology Clinic, as well as research done at the Markey Cancer Center through The Golden Matrix Fund. For nearly a decade, I was honored to serve as Chairman of the Golden Matrix Fund and to provide care, comfort, and support for the kids and their families. I continue to serve on the Executive Development Council of the Kentucky Children's Hospital.
News & Insights
- Super Lawyers, December 2, 2019
- June 27, 2019
- December 19, 2018
- November 7, 2018
- Lexington Herald Leader, December 22, 2017
- December 21, 2017
Seminars & Speaking Engagements
- UK CLE 14th Biennial Real Estate Law & Practice InstituteTips and Traps in Landlord/Tenant LawLexington KY, April 2017
- Net Lease vs. Gross Lease: Which is right for me? November 1, 2017
- IRS: Bad News for REIT Spin-off Conversions November 12, 2015
- Disparate Impact Claims Fair Game under the Fair Housing Act August 6, 2015
- Why Your Property Management Business Needs a Lawyer April 30, 2015
- Preston Clark Worley - Attorney Biography
I like to see projects come to fruition from start to finish, and real estate is one of those areas that yields tangible results. In particular, I find affordable housing the most intriguing and rewarding area within the practice of real estate law. Our state continues to have a need for increased quality, affordable housing, and while I assist our clients by helping them navigate the laws and government regulations in order to develop housing for the community’s residents, it is rewarding to know that the housing development will not only meet the basic need of housing but also resolve issues for the community and public at large. It’s enlightening to be a part of that process and help so many obtain a basic need that many of us take for granted.
Growing up in a small town allowed me the opportunity to learn to work one on one with various community, business, and non-profit leaders. To this day I have continued a strong relationship with people throughout the Commonwealth, and part of the value I offer my clients is a willingness to rely on those relationships to help determine the best partners and strategies to accomplish their goals. I will never hesitate to make a phone call and an introduction to work toward a resolution. Similarly, it is important to me to foster and develop strong relationships with my clients. Every project and every solution is different. I want to understand you and your business in order to accomplish the goals that best suit your individual needs.
- Councilmember, 7th District, Lexington-Fayette Urban County Government, 2017-Present
- Ellerslie at Delong Home Owners Association Board Member, 2017-Present
- Coaches for the Kids, Inc., Board Member 2017-Present
- Downtown Lexington Corporation, Board Member, 2012-2013
- University of Kentucky Children's Hospital Executive Development Council, Member, 2012-Present
- Golden Matrix Fund Advisory Council, Chair, 2012-2020
- Commerce Lexington Leadership Lexington Program 2011-2012
- Fayette County Bar Association, Member, 2011-Present
- Lexington History Museum, General Counsel, 2011-2018
- Kentucky Bar Association, Member, 2010-Present
- Kentucky Bar Association, Young Lawyers Section, 2010-Present
Practice Area Highlights
General Counsel and Lender Counsel to a large Community Development Financial Institution (CDFI) operating throughout Central Appalachia with a multi-million dollar investment across five Appalachian states.
Representation of student housing developer in the new construction, land swap, and development of thousands of new beds at a major regional state university.
Representation of family-owned development company in the rehabilitation and management of affordable housing projects throughout Kentucky, utilizing federal low-income housing tax credits, HOME funds, and affordable housing trust funds.
Representation of lending and banking institutions providing lines of credit and bridge loan financing for low-income housing construction.
Representation of large CDFI in closing construction-to-permanent loans for low-income housing tax credit financed projects.