What We Do

Asset
Management

Data Analytics
& Modeling

Government
Solutions

Investment
Advisory

X
Asset Management

Grove Street’s team combines institutional experience with an entrepreneurial mindset.

Our asset management professionals have worked during multiple market cycles and witnessed the challenging economic reversals and unforeseen circumstances that destabilize assets. As a result, we understand how to course correct. We execute resolution plans ensuring optimal loan profitability and asset valuation.

Grove Street’s expertise includes analysis and monitoring for performing loans, and modifications and workouts for distressed and non-performing loans. We manage the fundamentals of the loan life-cycle including:

  • Risk Rating Analysis
  • Loan Disbursements
  • Annual/Quarterly Loan Reviews
  • Waiver Requests/Consents
  • Workouts/Restructuring Recommendations
Data Analytics & Modeling

The ability to consistently and accurately analyze financial data – from mortgage performance metrics to key business operations – are the cornerstones of our Data Analytics and Modeling capabilities. Grove Street helps you sift through data, clarify critical components, and develop targeted models and automated tools to drive results. Let us advise your organization to become more efficient and turn data into powerful decisions that allow you to reach your organizational goals.

  • Credit Analysis – performing/non-performing loans
  • Trend Analytics – financial budgets, business operations
  • Portfolio Valuations & Assessment
  • Independent Verification & Validation (IV&V)
  • Process Management Tools
Government Solutions

Grove Street works with Governmental and Government Sponsored Enterprises (GSEs) on a variety of contracts that require our range of financial and analytical services. We are an SBA Certified 8(a) Program Participant as well as a contractor under the GSA Professional Services Schedule (PSS).

The unifying theme of our existing government contracts is our approach to responding to client requests quickly, finding and fixing inconsistencies, and efficiently completing tasks. Our team culture focuses on a positive attitude, pride of workmanship, responsiveness and proactive problem-solving.

Investment Advisory

Grove Street’s team is rooted in credit training and views each debt/equity transaction in context of inherent strengths and potential risks/mitigants. This deliberate approach applies to all debt/equity investments and covers all property types, including ground-up development and redevelopment projects.

Additionally, Grove Street has a unique perspective on specialized lending products such as Affordable, Senior Housing and Healthcare loans and associated regulatory and underwriting requirements.

  • Agency Lending Underwriting
  • Loan Pool Acquisition & Analysis
  • Acquisition Advisory
About Us

Grove Street is a financial advisory firm with an expertise in real estate finance, data analytics and transaction process management. Discover how our practical knowledge and hands-on experience will deliver exceptional results for your organization.

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Founded in 2004, Grove Street has become a trusted advisor to a variety of lenders, investors, publicly traded finance companies and government agencies. Grove Street has offices in New York City, Washington D.C. and North Carolina.

Our Team
Swati Sharma
Principal & Founder

Ms. Swati Sharma is the Principal and Founder of Grove Street and has been responsible for the growth of Grove Street into a full-service financial advisory, data analytics and asset management firm. Previously, Ms. Sharma was a member of the Investment Committee at Natixis Real Estate Capital, where she managed underwriting and due diligence for all banking team transactions in the firm’s U.S offices. Ms. Sharma previously held positions at Capital Trust, Inc., Brascan Real Estate Finance and Moody’s Investors Service. Ms. Sharma has an M.S. in Environmental Engineering and an M.S. in Resource Development from Michigan State University, and a B.A. from The University of Michigan.

Peter Jolicoeur
Principal

Mr. Peter Jolicoeur is a Principal of the firm and the Head of the Grove Street’s New York office, providing oversight of the Investment Advisory business and day-to-day operations. Previously, Mr. Jolicoeur was Chief Credit Officer and Asset Manager at Baltoro Capital Management, a John Hancock-sponsored opportunistic commercial real estate fund. Prior to that, Mr. Jolicoeur was Head of Underwriting of the approximately $1.5 billion AUM Global Principal Investments group for Merrill Lynch, where he worked for more than a decade. He began his career as an Appraiser, including eight years at CBRE Group, Inc. Mr. Jolicoeur has a B.A. in Economics, with a concentration in Real Estate Valuation and Investment, from the University of Connecticut.

Douglas Redford, CCIM
Managing Director

Mr. Doug Redford has over 30 years of financial and real estate experience that spans Grove Street’s areas of Asset Management and Government Solutions, including LEAN and MAP underwriting, with an expertise in Senior and Affordable Housing. Prior to joining Grove Street, Mr. Redford was an Asset Manager with LNR Property Corp. responsible for non–performing loan portfolios and CMBS underwriting. Prior to LNR, Mr. Redford was a Property Manager for CB Commercial and a Commercial Controller/Property Manager for Property Company of America. Mr. Redford has an M.B.A. in Finance from the University of Illinois and a B.A. from Washington University in St. Louis. He is a Certified Commercial Investment Manager (CCIM).

Jackie Ajazi
Director

Ms. Jackie Ajazi, a Managing Director at Grove Street, has over 15 years of private sector experience including financial analysis, accounting, cash management, forecasting, reporting and client/investor relations. She supports Grove Street’s Government Solutions and Asset Management teams. Previously, Ms. Ajazi worked for GGP, Inc., (NYSE: GGP) for ten years in a variety of positions, most recently as a Director in Asset Management in Joint Venture Relations, and prior to this, Manager of Accounting for Portfolio Analysis. She began her career as an Accountant at Hamilton Partners and ServiceMaster Management Services. Ms. Ajazi has a B.S.B.A. in Accounting from Creighton University and is a registered Certified Public Accountant.

Scott Jones
Director

Mr. Scott Jones, a Director at Grove Street, has over 20 years of commercial real estate experience.  Mr. Jones manages capital markets and Agency transactions for the firm, with a focus on Data Analytics and Investment Advisory. Prior to joining Grove Street, Mr. Jones worked at UBS Financial Services and SunTrust Bank as a Senior Credit Analyst for a $320 million portfolio of five business banking centers. Mr. Jones has an M.B.A. in Finance from Wake Forest University in Winston-Salem, NC and a B.S. in Finance and Business Management from Virginia Tech Pamplin School of Business in Blacksburg, VA.

Allison Rabin
Vice President

Ms. Allie Rabin, a Vice President at Grove Street, has a background in mortgage finance and supports the firm’s Government Solutions group. Previously, Ms. Rabin was an Assistant Vice President with Love Funding Corporation and prior to that, she was a Senior Analyst with Summit Consulting, LLC. Ms. Rabin graduated from the University of Maryland at College Park with a B.S. in Nutrition and Dietetics.

Bradley Dunn
Associate

Mr. Bradley Dunn has a background in debt and equity commercial real estate analysis, asset management and data analytics. Previously, Mr. Dunn was with Situs, a global financial services firm. Mr. Dunn graduated Cum Laude from Gardner-Webb University with a B.S. in Business Administration where he was a member of the Alpha Sigma Lambda Honor Society.

Seth Mahl
Associate

Mr. Seth Mahl, an Associate at Grove Street, supports the Investment Advisory group through financial model development and analysis. Previously, Mr. Mahl was an Analyst at Wells Fargo Securities Real Estate Leveraged Finance group where he worked on commercial real estate origination, analysis, and syndication. Mr. Mahl graduated from the University of Florida with a B.S. in Finance and an M.S. in Real Estate.

Catherine Akers
Office Manager

Ms. Catherine Akers leads all daily operations at Grove Street for the company’s offices. Ms. Akers has managed administrative and human resource functions for a variety of architecture, construction, and private equity funds. Previously, she was the Operations Manager for Treasury, Accounts Payable and Client Services for KKR Financial Services in New York. Prior to this role, she spent eight years as the Treasury/Human Resources Associate and Commercial Property Accountant for O’Connor Capital Partners. Ms. Akers has a B.A. from The University of Virginia.

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Careers

Grove Street is a team of dedicated professionals committed to quality service and keeping our clients happy. Click below to learn more about our team or find out about opportunities to join us.

Career Opportunities
CRE / Healthcare Mortgage Underwriting Consultant (CAN WORK REMOTELY)

Grove Street is seeking applicants with at least 7 years of experience underwriting commercial real estate debt transactions, and a minimum of 2 years of experience with the HUD LEAN underwriting process and lending requirements for HUD’s FHA 232 and 223(a)(7) senior healthcare loan programs. Potential assignments range from a thorough review of an existing loan transaction to full due diligence, underwriting and investment committee memo creation for skilled nursing, assisted living and other senior care living facilities.

Successful candidates must be able to review and analyze financial data, property and market level due diligence, borrower information, legal documentation and all third-party reports. The deliverable will include accurately completed HUD LEAN checklists, financial models and a comprehensive narrative report or Investor Committee Memo.

The immediate position is as an independent contractor. Assignments will be completed remotely and allow for a temp-to-perm transition based on performance.

** Candidate is not required to be located in New York, though can work at our NYC office. Candidate can work remotely from anywhere in the United States. **

Responsibilities

  • Examine and evaluate all commercial real estate files provided.
  • Review operating data.
  • Document underwritten line items through Cash Flow Footnotes, or confirm the existing Cash Flow Footnotes are consistent with the provided underwriting.  Footnotes must accurately and adequately support the underwriting, and may require supplementing data provided with additional information sources when appropriate.
  • Understand and review relevant borrowing entity, sponsor and guarantor financial statements and experience.  Focus on accuracy and relevancy in the presentation of borrower information.
  • Review and research the ownership and operating entities of a healthcare facility.
  • Check and confirm all relevant data against corresponding third party reports, incorporating into the deliverable as appropriate.
  • Calculate cost basis, LTV, DSCR and other key aspects of the loan transaction.
  • Identify the relevant Strengths and Risks of the transaction.

Qualifications

  • Minimum of 7 years commercial real estate underwriting experience
  • Minimum of 2 years of HUD LEAN healthcare underwriting experience
  • Ability to manage multiple priorities and meet deadlines
  • Excellent quantitative and analytical skills
  • Strong verbal and written communication skills
  • Advanced proficiency with Microsoft Excel and Microsoft Word
Apply Now
Mortgage Underwriting Consultant

Grove Street is seeking applicants with at least 7 years of professional experience analyzing and underwriting multifamily mortgages for capital markets execution (Commercial Mortgage Backed Securitization or “CMBS”) across various multifamily asset types including conventional multifamily, as well as affordable housing, student housing, assisted living and skilled nursing facilities. Potential assignments range from thorough review of an existing loan transaction to full underwriting of a potential loan opportunity.

Successful candidates must be able to review and analyze financial data, property and market level due diligence, borrower information, legal documentation and all third party reports. Existing credit memos will be provided, if applicable. The deliverable will be an Investor Committee Memo for the transaction accompanied, in some cases, by supporting underwriting models. Assignments will be completed remotely and allow for a temp-to-perm transition based on performance.

For each assignment, the tasks outlined include, but are not limited to, the following:

Responsibilities

  • Examine and evaluate all commercial real estate files provided.
  • Identify and draft/edit the relevant Strengths and Risks of the transaction.
  • Review rent rolls and operating data, and in certain cases, develop underwriting models.
  • Document underwritten line items through Cash Flow Footnotes, or confirm the existing Cash Flow Footnotes are consistent with the provided underwriting. Footnotes must accurately and adequately support the underwriting, and may require supplementing data provided with additional information sources when appropriate.
  • Understand and review relevant borrowing entity, sponsor and guarantor financial statements and experience. Focus on accuracy and relevancy in the presentation of borrower information.
  • Review and research the management company.
  • Check and confirm all relevant data against corresponding third party reports, incorporating into the deliverable as appropriate.
  • Write and/or update Market Overview section including data from Reis or similar data sources.
  • Calculate cost basis, LTV, DSCR and other key aspects of the loan transaction.

Qualifications

  • Minimum of 7 years of multifamily debt underwriting experience
  • Ability to manage multiple priorities and meet deadlines
  • Excellent quantitative and analytical skills
  • Strong verbal and written communication skills
  • Advanced proficiency with Microsoft Excel and Microsoft Word
Apply Now

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