What We Do

Asset
Management

Data Analytics
& Modeling

Government
Solutions

Investment
Advisory

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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

Ms. Swati Sharma is the CEO 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.

Barbara Chell

Ms. Barbara Chell, a Managing Director at Grove Street, has 35 plus years of experience in the single family residential and commercial real estate operations arenas, with a focus on the entire loan life cycle from origination to securitization. Prior to Grove Street, Ms. Chell was a principal at C&A Consulting, heading their Real Estate Advisory Group. Before C&A Consulting, she was a founding partner at The Winter Group and prior to that a Director at Credit Suisse. Ms. Chell has a B.S. in Accounting from SUNY Old Westbury.

Scott Jones

Mr. Scott Jones, a Managing 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.

Celia Richey

Ms. Richey has over 20 years of financial, legal and real estate experience. Prior to joining Grove Street, Ms. Richey was a Senior Vice President at Hunt Mortgage (formerly Centerline Capital Group), responsible for working-out assets in the firm’s affordable housing portfolio. Prior to this, she was a Regional Mortgage Officer at Key Bank, overseeing structuring and underwriting of commercial mortgage loans, including negotiating business issues and loan terms. Ms. Richey has a J.D. from University of Missouri-Kansas City School of Law, an M.B.A. from Washington University in St. Louis – Olin Business School and a B.S.B.A. from University of Missouri-Columbia. Ms. Richey is a licensed attorney in the State of Kansas.

Peggy Lawrence

Ms. Peggy Lawrence, an approved HUD MAP Underwriter since 2003 and HUD LEAN Underwriter since 2008, has over 25 years of experience in underwriting, processing, closing, servicing, regulatory compliance and quality control for all HUD LEAN, Hospital and HUD Multifamily mortgage loan products. Prior to joining Grove Street, Ms. Lawrence worked for various lenders successfully managing more than $1.2 Billion of loan applications. She has experience with multiple secondary financing plans, Low Income Housing Tax Credits, Historic Tax Credits, tax-exempt and taxable bond programs. Earlier in her career, she worked for the U.S. Department of Housing and Urban Development where she managed over $290 million in loan applications. Ms. Lawrence has an M.B.A. from Loyola Marymount University and a B.A. in Economics, with Honors, from DePaul University.

Linda Spievack

Ms. Linda Spievack has over 20 years of legal and real estate transactions experience including all phases of the Closing process for both Commercial and Residential mortgages. In addition to her legal career, she has over 12 years of experience teaching special needs children.  Ms. Spievack is also a published professional, skilled in legal research and writing, contract transactions and negotiations, trial practice, family law and licensed to practice law in multiple states. Ms. Spievack has a L.L.M. Magna cum Laude from John Marshall Law School, a J.D. from Atlanta Law School, and a B.S. from Florida State University.

Daniel Ela

Mr. Daniel Ela has 10 years of commercial real estate experience including debt underwriting, asset management for a mortgage REIT and property management for the development of a 900-unit, luxury, landmark rental property in downtown Manhattan. Prior to joining Grove Street, Mr. Ela was a lead underwriter for a team of 15+ loan processors reviewing debt packages and delivering recommendations to credit committee based on investor-specific credit guidelines. Prior to that he was Lead Underwriter for a team of 20+ brokers focused on commercial real estate debt originations which successfully originated and closed over $1.5 billion from 2016-2018. Mr. Ela has a M.S. in Real Estate Investment and Finance from New York University – Shack Institute of Real Estate, and a B.S. in Business Administration from the University of Florida – Warrington School of Business.

Kristen Pleasants

Ms. Kristen Pleasants has over 20 years of experience in commercial real estate financial services. Prior to joining Grove Street, Ms. Pleasants owned her own consulting firm providing due diligence services included origination and assumption underwriting, asset summary preparation, documentation review, market research and site inspections for over $4.8 billion in transactions. Prior to this, she worked for First National Bank of Pennsylvania and structured a wide variety of debt structures such as construction loans, low-income housing and new market tax credits opportunities. Ms. Pleasants began her career at Wachovia/Wells Fargo, ultimately responsible for Commercial Mortgage Servicing for capital markets clients, real estate opportunity funds and institutional borrowers throughout the U.S. and Asia. Ms. Pleasants has a B.A. in Business Management, summa cum laude, from North Carolina State University.

Justin "JB" Hollander

Mr. Justin “JB” Hollander has close to five years of experience in commercial real estate operations and underwriting. He has worked as an underwriter trainee and provided support to MAP certified underwriters for various types of projects including 221(d)(4), 223(f), 223(a)(7), LIHTC, Senior, Affordable, Section 8, HAP, Urban Revitalization, Green, Opportunity Zone and Market Rate properties. Prior to joining Grove Street, Mr. Hollander was a Senior FHA Analyst at Dwight Capital, and was also a Senior Analyst in FHA Lending for Walker & Dunlop.  Mr. Hollander has a B.S. in Finance from the University of Baltimore and has completed the Mortgage Banker’s Association MAP Underwriting Course. He is also the Founder of the Eastern Lenders Association – Emerging Professionals Group.

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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
HUD LEAN Underwriter

Grove Street, a dynamic and growing Financial Services company, is seeking mortgage credit-trained analysts for our FHA Multifamily and Senior Housing Underwriting teams.

Our HUD LEAN Underwriters critically review property, market and financial due diligence, borrower information, legal documentation and all third-party reports. Our deliverable is a concise report summarizing the creditworthiness of a loan along with detailed FHA checklists and financial models. Working on several projects at one time, successful members will obtain real-time knowledge of real estate fundamentals across the country while working with professionals in both the private and public sector.

Assignments are completed remotely from within the United States and require considerable phone and email communications. These positions allow for a temp-to-perm transition based on performance, with market-based salary and benefits. We have an active pipeline of projects and are seeking individuals who enjoy doing deals and problem solving. 

Responsibilities

  •     Review loan application packages for completeness and accuracy, including detailed loan narratives and applicable FHA forms
  •     Analyze and comment on third-party reports including Environmental Phase I, Appraisal, and Property Condition (PCNAs).     Review borrower-provided organizational documents, financial statements, business debt and Real Estate Owned schedules
  •     Review loan terms to ensure compliance with agency debt requirements
  • Prepare reports summarizing analysis and strengths/risks of transaction
  • Collaborate with loan processors to confirm adequacy of due diligence for the loan file
  •     Make recommendations based on creditworthiness and adherence to HUD FHA guidelines to accept or reject a loan
  •     Attend on-going training on applicable real estate finance and FHA requirements to expand skills and advance
  • Perform other duties as assigned to ensure loan process is efficient and complete

Qualifications

  •       Bachelor’s degree in finance, economics, business or related field required
  •       Minimum of 3 years commercial real estate underwriting experience
  •     Knowledge of HUD FHA Guidelines and program eligibility requirements
  •       Manage multiple priorities and meet deadlines in a professional manner
  •       Excellent quantitative and analytical skills
  •       Advanced proficiency with Microsoft Excel and Microsoft Word
  •       Excellent customer service skills on email and on phone calls
Apply Now
FHA Multifamily Underwriter

Grove Street, a dynamic and growing Financial Services company, is seeking mortgage credit-trained analysts for our FHA Multifamily and Senior Housing Underwriting teams.

Our FHA Multifamily Underwriters critically review property, market and financial due diligence, borrower information, legal documentation and all third-party reports. Our deliverable is a concise report summarizing the creditworthiness of a loan along with detailed FHA checklists and financial models. Working on several projects at one time, you will obtain real-time knowledge of real estate fundamentals across the country while working with professionals in both the private and public sector.

Assignments are completed remotely from within the United States and require considerable phone and email communications. These positions allow for a temp-to-perm transition based on performance, with market-based salary and benefits. We have an active pipeline of projects and are seeking individuals who enjoy doing deals and problem solving. 

Responsibilities

  •     Review loan application packages for completeness and accuracy, including detailed loan narratives and applicable FHA forms
  •     Analyze and comment on third-party reports including Environmental Phase I, Appraisal, Market Study, and Property Condition (PCNAs)
  •     Review borrower-provided organizational documents, financial statements, business debt and Real Estate Owned schedules
  •     Review loan terms to ensure compliance with agency debt requirements
  • Prepare reports summarizing analysis and strengths/risks of transaction
  • Make recommendations based on creditworthiness and adherence to HUD FHA guidelines to accept or reject a loan
  •     Attend on-going training on applicable real estate finance and FHA requirements to expand skills and advance
  • Perform other duties as assigned to ensure loan process is efficient and complete.

Qualifications

  •       Bachelor’s degree in finance, economics, business or related field required
  •       Minimum of 3 years commercial real estate underwriting experience
  •     Knowledge of HUD FHA Guidelines and program eligibility requirements
  •       Manage multiple priorities and meet deadlines in a professional manner
  •       Excellent quantitative and analytical skills
  •       Advanced proficiency with Microsoft Excel and Microsoft Word
  •       Excellent customer service skills on email and on phone calls
  •       Excellent Microsoft Word and Excel skills

 

Apply Now
Closing Coordinator

Grove Street, a dynamic and growing Financial Services company, is seeking mortgage credit-trained analysts for our FHA Multifamily and Senior Housing Underwriting teams.

We are seeking applicants for our Closing Coordinator position with experience processing and/or closing residential or commercial loans.  Successful candidates must be able to review loan and legal documents for accuracy and consistency.  Knowledge of HUD’s FHA 232, 223(a)(7), 223(f) and 221(d)(4) senior healthcare or multifamily loan programs is a plus.  

Assignments are completed remotely from within the United States and require considerable phone and email communications. These positions allow for a temp-to-perm transition based on performance, with market-based salary and benefits. We have an active pipeline of projects and are seeking individuals who enjoy doing deals and problem solving.

Responsibilities

  •       Manage information for multiple deals in a database
  •       Review draft loan document package for accuracy
  •       Create a deficiency list for Lenders of needed corrections and ensure all deficiencies are addressed prior to closing
  •       Review amendment requests and make recommendations for approval
  •       Prepare amendments for approval
  •       Review evidence of the completion of required repairs prior to closing
  •       Coordinate communication by phone and email between client, Lender and attorneys to make sure all parties are including throughout the process and ensure timely movement of loans through the closing process

Qualifications

  •       Bachelor’s or Associate’s degree preferred
  •       Minimum of 3 years processing and/or closing residential or commercial loans experience
  •       Ability to manage multiple priorities and meet deadlines
  •       Excellent quantitative and analytical skills
  •       Strong verbal and written communication skills
Apply Now

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