Joy A. Barrist

Joy A. 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, Pennsylvania, around the country and internationally. She regularly represents banks and lending institutions, private equity firms, non-profit organizations, 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, as well as municipal bond transactions. She handles finance and other real estate matters for all asset classes including multifamily, hospitality, office, retail, industrial, mixed-use, medical and education.

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.

Joy’s practice also includes representations with respect to other real estate and general business matters such as easements, lot purchase agreements, sale and purchase of business assets and ownership interests in business entities, the formation of Delaware entities and the rendering of legal opinions in finance and other commercial transactions.

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.

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 in the top tier of Delaware real estate practitioners, highlighting positive client feedback: "She's a very fine attorney — a good technician and a good drafter." "Joy is top notch and her work is second to none."

Joy is actively involved in a number of community organizations in and around Wilmington, Delaware, including I Am My Sister’s Keeper, The Teen Warehouse, Inc., Jumpstart Wilmington, REACH Riverside and the Kingswood Community Center.

Joy is the vice practice group leader of the firm's Transactions and Corporate Counseling Group as well as chair of the firm's Women's Initiative.

Representative Matters

• Represented borrower/owner in 3 simultaneous Freddie Mac refinances of four multifamily properties located in Delaware, with aggregate financing in the amount of $92,000,000.
• Represented the lead lender in a $67,500,000 syndicated acquisition and construction facility for a historic building in Wilmington, Delaware.
• Represented non-profit community organization in connection with a redevelopment project 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 an independent private school on a $46,000,000 DEDA Revenue Bond project in Delaware.
• Represented business owner in the sale of 21 franchised restaurant locations in various States for approximately $24,000,000.
• Represented borrower/owner/developer on the acquisition and financing of a retail center located in King of Prussia, Pennsylvania, with a $30,000,000 purchase price.
• Represented lender on a $36,500,000 multi-facility loan transaction for the development of a multifamily project in Chester Springs, Pennsylvania.
• Represented lead lender on a $52,000,000 syndicated transaction for the redevelopment of a former laboratory site into an innovation and science park located in Delaware.
• Represented seller on the $14,000,000 sale of a retail/office property located in 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 Japanese company in the acquisition of 181-acre industrial site in Pasadena, Texas.
• Represented lender on a $22,260,000 construction loan for the construction of a residential apartment complex located in Vero Beach, Florida.
• Represented real estate investment/development company in negotiating a lot purchase agreement with a national homebuilder valued at approximately $17,000,000.
• Represented private equity group on various real estate loans ($10,600,000) and mezzanine loans ($16,000,000) to refinance debt and provide capital improvements and tenant improvements for property located in New York, New York.
• 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 an amendment of a $30,700,000 construction loan for a residential apartment construction project in New Castle, Delaware.

News

Events & Speaking Engagements