Joseph R. McCarthy is a Shareholder in Stark & Stark’s Banking & Financial Services Group. As a commercial litigator specializing in creditors’ rights with over 20 years’ experience, Joseph represents state and nationally chartered financial institutions, private lenders, investment companies, landlords, receivers, and other creditors in a variety of legal matters including mortgage and tax foreclosures, bankruptcies, collections, workouts, receiverships, and landlord/tenant matters. In the course of his litigation work, Joseph has gained valuable experience negotiating and drafting complex forbearance and settlement agreements, loan restructurings, and deeds in lieu of foreclosure. He also represents both purchasers and sellers of defaulted loans and loan pools including the negotiation and drafting of loan sale agreements, conducting due diligence, and drafting the bill of sale and assignment documents.
Joseph also has extensive experience representing lending institutions in commercial lending transactions in both New Jersey and New York, including acquisitions, construction financing, asset-based loans, and loan modifications, and representing investors and developers in a broad range of commercial real estate matters including real property transactions, commercial leasing, and property management.
Joseph received his law degree from New York Law School and was twice published in the New York Law School’s Journal of Human Rights. After graduating law school, Joseph served as an Assistant Prosecutor with the Union County Prosecutor’s Office where he specialized in criminal jury trials. A devoted father of three (3) teenagers, Joseph enjoys spending time with his family and coaching softball, baseball, and basketball.
