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Joy A. Barrist

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Joy Barrist offers a full range of commercial real estate law services involving the finance, acquisition, sale, lease and development of complex multimillion-dollar real estate projects throughout Delaware, around the country and internationally.  She regularly represents banks and lending institutions, private equity firms, investors, developers, owners, landlords, and tenants.

Joy consistently represents both lenders and borrowers in various types of commercial real estate financing transactions, including acquisition, development and construction lending.  Her experience also includes CMBS and mezzanine debt transactions.  She handles finance and other real estate matters for all asset classes including multifamily, hospitality, office, retail, industrial, mixed-use and medical. 

Joy represents financial institutions as lead lenders and participants in syndicated loan transactions.  Her practice also includes the representation of lenders in workouts, financial restructuring, loan sales and the purchase of loan pool portfolios.

In addition to real estate finance, her experience extends to asset-based finance (including equipment, inventory and receivables financing), working capital lines of credit and various other complex commercial loan facilities. 

Joy also has extensive experience in the formation of Delaware entities and the rendering of legal opinions in finance and other commercial transactions.

She is a frequent speaker on topics of commercial real estate and in particular, real estate finance and construction lending.

The current edition of Chambers USA includes her among listed Delaware real estate practitioners, noting that sources “single her out for her responsiveness, efficiency and the thoroughness of her approach.”

Representative Matters

  • Represented the lead lender in a $67,500,000 syndicated acquisition and construction facility for a historic building in Wilmington, Delaware.
  • Represented private equity group on a $12,000,000 renovation loan for various properties located outside of Detroit, Michigan.
  • Represented a non-profit company in connection with the purchase of a conservation easement on property located in Delaware.
  • Represented borrower on a $36,000,000 permanent loan for Phase I of a 900,000 square feet retail center located in Newark, Delaware.
  • Represented borrower on a $5,505,000 construction and a $5,450,00 construction loan purchase and development renovation of residential condominiums located in Philadelphia, Pennsylvania.
  • Represented lender on a $8,000,000 multi-purpose revolving line of credit; $4,000,000 equipment line of credit; $13,000,000 term loan made to 14 entities, secured by 13 properties located in various jurisdictions, including the United States Virgin Islands, various IP properties and other assets.
  • Represented private equity firm in connection with the acquisition and financing of various retail, residential and hospitality projects throughout the United States, many involving CMBS financing.
  • Represented lender on a $15,400,000 commercial mortgage loan for refinance of a franchised hotel located in Rockaway, New Jersey.
  • Represented lender on a $18,000,000 permanent loan and a $13,500,000 construction to permanent loan related to the refinance of Phase I debt and the construction of Phase II of an apartment complex located in Wilmington, Delaware.
  • Represented lender on a $22,260,000 construction loan for the construction of a residential apartment complex located in Vero Beach, Florida.
  • Represented private equity group on a $5,200,000 renovation loan for an apartment project located in Georgia.
  • Represented lender on a $23,653,194 construction to permanent loan and a $1,326,000 land loan for construction of a residential apartment complex located in New Castle, Delaware.
  • Represented lender on a $39,500,000 syndicated construction to permanent loan for a residential project located in Coral Springs, Florida.
  • Represented lender on a $5,300,000 and a $2,650,000 construction loan for conversion of an office building into a franchised hotel located in Wilmington, Delaware.
  • Represented lender on a $5,531,500 mortgage term loan for purchase of land located in Salisbury, Maryland.
  • Represented lender on a $6,200,000 mortgage term loan for purchase of an office building in Wilmington, Delaware.
  • Represented lender on an amendment of a $30,700,000 construction loan for a residential apartment construction project in New Castle, Delaware.
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Education

Villanova University School of Law, J.D., 2001

Bar & Court Admissions

  • Delaware
  • Pennsylvania

Professional Activities and Honors

  • Delaware Bar Association
  • Fellow, American College of Mortgage Attorneys, 2015 - present; Delaware State Chair, January 2017 - present
  • American Bar Association: Co-Vice Chair, Mortgage Lending Committee, Real Property Trust & Estates Section of the American Bar Association, 2014 - present
  • Board Member, Delaware Commercial Real Estate Women, January 2017 - present
  • Pennsylvania Bar Association
  • Philadelphia Bar Association
  • Delaware Bankers Association
  • Member, Committee of 100
  • Loan Review Committee, West End Neighborhood House
  • Member, American Society of Legal Advocates
  • Listed in Chambers USA (2014 - present)
  • Ranked in The Best Lawyers in America for 2018 in the area of Real Estate Law in Delaware
  • Ranked in Delaware Business Times, Top 40 Business Professionals Under 40 in the State of Delaware 2015
  • Ranked in the American Society of Legal Advocates, Top 40 Corporate Lawyers Under 40 in the State of Delaware for 2013