Lisa M. Ashley

Of Counsel
Tel 612.371.2422
Fax 612.371.3207

Lisa Ashley's practice focuses on commercial real estate, banking, and business transactions. She works with lenders and borrowers in all aspects of commercial loans, buyers and sellers in commercial land transactions, landlords and tenants with commercial leases, and homeowners' associations.

Lisa is certified by the Minnesota State Bar Association as a Real Property Specialist, a prestigious title held by only two percent of attorneys practicing in her field.

Representative Matters

  • Represent landlord clients owning office buildings in Twin Cities Metro area, in all leasing and tenant matters
  • Represent lenders providing bridge acquisition and construction loans to commercial borrowers, both locally and nationally
  • Represent downtown skyscraper building owners in office, retail and restaurant space leasing, conversion and renovation matters
  • Represent M&A clients as to real estate portions of transactions
  • Represent landlord clients in negotiating commercial leases for shopping center and strip mall space
  • Represent homeowners' associations in the interpretation of governing documents, enforcement of governing documents, amendments to governing documents, contract review, and collection and general legal advice
  • Represent lender in vehicle floor plan and related real estate financing nationally
  • Represent landlord clients in leasing matters for multiple warehouse area industrial spaces in Minnesota and Wisconsin
  • Represent investment funds in providing loans to borrowers and investing in joint ventures across the country
  • Represent developer client in acquiring real estate to build multi-family housing units
  • Represented lender in $720 million loan to 50 senior living facilities in 23 states
  • Represented borrower in financing a land acquisition to construct multifamily housing with a $32.8 million construction loan and an $8.9 million mezzanine loan
  • Represented lender in $43 million financing project converting an office building into multifamily housing, which included historic federal and state tax credits
  • Represented lender in providing financing in multiple locations to national restaurant chain
  • Represented borrower in $13 million CMBS loan to refinance hotels
  • Represented seller in $86 million stock sale
  • Represented homeowners' association clients across Minnesota, to form and prepare governing documentation, including single family homes, condominiums, townhouses, twin homes, and 55 plus communities
  • Represented commercial building owner clients in §1031 exchanges and in reverse §1031 exchanges

Professional Activities

Minnesota Bar Association

Hennepin County Bar Association

Minnesota Women Lawyers

Risk Management Association, Minnesota Chapter, RMA Women's Forum Steering Committee Co-chair

Awards and Recognitions

Finance & Commerce’s Top Women in Finance, 2020

Minnesota Super Lawyers, Rising Star, 2013-2020

Hennepin County Bar Association Centennial Pro Bono Challenge Participant, 2019-2020

Minnesota Lawyer, Up & Coming Attorneys, 2014

Minnesota Justice Foundation Achievement in Public Service


Co-author, "Hot Topics in Commercial Lending," MBA News, March 2016

Co-author, "A Regulation E Refresher," MBA News, November 2014

Co-author, "Understanding When to Use Form Versus Custom Loan Documents," MBA News, November 2013

Co-author, "Need a Loan? It Helps to See Finance from the Lender's View," Upsize Magazine, July 2013

Community Activities

Volunteer Lawyers Network

Minneapolis Downtown Improvement District, Downtown Safety Collaborative Member, July 2015-April 2018

Greater Twin Cities Youth Symphonies (GTCYS) Alumni Association

Greater Twin Cities Youth Symphonies (GTCYS) Board of Directors, 2012-2014

William Mitchell College of Law (now Mitchell Hamline School of Law) (J.D., 2005)

Minnesota State University, Mankato (B.S., summa cum laude, 2002)



U.S. District Court for the District of Minnesota