Asset
Management
Data Analytics
& Modeling
Government
Solutions
Investment
Advisory
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
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
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.
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
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.
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.
Ms. Cargile has 25 years of real estate experience, joining Grove Street in 2015. She has underwritten over 150 transactions totaling over $2.5 billion in new origination CMBS loans, Agency loans, SBLs, loan assumptions and non-permitted equity transfers.
Ms. Cargile began her real estate career as an Underwriter with JPMorgan’s CMBS group in Atlanta. After her five-year stint at JPMorgan, she worked with Royal Bank of Canada’s U.S. CMBS group, then later moved to NYC to work as a Director with Fitch Ratings in their Structured Finance/CMBS Group. During her time at Fitch, her primary role was managing new issuance ratings for CMBS bond transactions with deal sizes averaging $3 billion. Subsequently, she worked at MezzCap, a mezzanine lender focused on Small Balance Loans.
Ms. Cargile has a Bachelor of Arts from the University of North Carolina at Chapel Hill, and a Master of Business Administration from the University of Georgia.
Ms. Chell has 35+ years of experience in all aspects of commercial and residential lending, working with Grove Street in various capacities since 2010.
She has held senior executive positions in accounting, operations, processing, servicing and financial/risk reporting, most recently supporting a three-phase GSE asset management system for conforming conventional and government mortgage loans. Ms. Chell has guided project design, process flows, selection of technology and service providers, credit sharing structures and cost/profit analyses.
Prior to Grove Street, Ms. Chell was instrumental in the development of a Wall Street residential servicing platform and the founding of a residential warehouse funding provider. As one of the founders of the residential warehouse firm, she was charged with the sourcing and selection of senior management, the establishment of an operating protocol for the company and the management of the origination sales force.
Ms. Chell has a Bachelor of Science degree in Accounting from SUNY Old Westbury.
Mr. Cheng joined Grove Street in 2021 during graduate school, and after spending six years working for JPMorgan’s Legal and Compliance department. While pursuing his Masters degree, Mr. Cheng interned at various real estate firms, including Vornado Realty Trust and Lever Capital Partners, a commercial real estate debt broker. He also led his team in the ARGUS University Challenge, sponsored by Altus Group, to present the best investment analysis and conclusion for a proposed real estate opportunity.
Mr. Cheng has a Master of Science in Real Estate from Baruch College’s Zicklin School of Business and a Bachelor of Science in Finance and Minor in Mathematics from Siena College.
Ms. Dicks has 24 years of real estate experience, joining Grove Street in 2015. Her commercial real estate experience includes origination, underwriting, asset management, loan servicing and portfolio management. She was previously with Wachovia Bank in Charlotte, working on the $55 billion CMBS Servicing Platform which included clients such as CapLease Funding, SL Green and MezzCap, a small balance lender. Ms. Dicks has also been involved with B-Piece Buyer underwriting, securitization support, and CBMS servicing functions through her work with Helix Financial.
Ms. Dicks has a Bachelor of Arts in Economics from the University of The South.
Mr. Martin has 13 years of real estate experience, joining Grove Street in 2015 His commercial real estate experience includes Agency underwriting, CMBS and B-Piece investments.
He has prepared loan submission packages for hundreds of Agency loans and has worked on FHA mortgage programs, conventional and small balance loans, Healthcare, low-income housing tax credit, HAP contracts, and other affordable programs for various lenders.
Mr. Martin has a Bachelor of Science in Financial Management from Clemson University.
Ms. Schuur has 31 years of real estate experience, joining Grove Street in 2013. Her commercial real estate finance experience includes underwriting, loan sale due diligence, valuation, loan review, loss share analysis, portfolio management, loan restructuring, workouts, and loan origination. She has performed financial analysis and due diligence, underwritten loans, prepared asset summary reports, performed valuations, created lease abstracts, classified asset risk, assessed probability of default, estimated loss severity, provided resolution strategy, and made credit presentations.
Ms. Schuur has a Bachelor of Arts and a Master of Business Administration, both from the University of Central Florida, and earned the Commercial Certified Mortgage Banker (CMB) designation from the Mortgage Bankers Association.
Ms. Sharma has 25 years of real estate experience. She is the CEO and Founder of Grove Street Investment, LLC. Her commercial real estate underwriting experience includes working in CMBS as a rating analyst, buy-side investor and sell-side underwriter. She has been responsible for growing Grove Street into a recognized real estate services firm.
Prior to Grove Street, Ms. Sharma was a member of the Investment Committee at Natixis Real Estate Capital, the second largest banking group in France. Previously, she was an underwriter for Brascan Real Estate Debt Fund (now part of Brookfield Asset Management), Capital Trust and Moody’s Investors Service as a CMBS analyst.
Ms. Sharma holds Master of Science Degrees from Michigan State University (Environmental Engineering and Resource Development) and a Bachelor of Arts in Political Science from The University of Michigan.
Ms. Wilms has 20 years of real estate experience, joining Grove Street in 2018. Her commercial real estate finance experience includes underwriting, due diligence, origination, asset management and portfolio management.
She has previously worked for Guggenheim Partners, where she underwrote over $2.8 billion in commercial mortgage loans. Prior, Ms. Wilms had worked at JPMorgan, where she conducted due diligence in closing CMBS transactions, with deal sizes averaging $150 million.
Ms. Wilms has a Master of Business Administration in Real Estate Finance from DePaul University and a Bachelor of Business Administration in Finance and Real Estate from University of Wisconsin.
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.
Grove Street, a dynamic and growing Financial Services company, is seeking self-motivated college graduates to support our Commercial Real Estate (CRE) Finance teams and work with senior professionals who analyze FHA Multifamily and Senior Housing loans.
We are seeking applicants as CRE Finance Analysts with an interest in learning how to underwrite and close FHA loans. Successful candidates must be detail-oriented, comfortable with client-facing communications, and review loan and legal documents for accuracy and consistency. Each transaction requires considerable phone and email correspondence, requiring timely and professional responses. These positions allow for a transition to higher levels of financial analysis and underwriting responsibilities, based on performance. Knowledge of HUD’s FHA 232, 223(a)(7), 223(f), and 221(d)(4) Senior Healthcare or Multifamily loan programs is a plus, but not a requirement.
Work will be on-site at Grove Street’s Arlington, VA office. 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 packages for accuracy and request missing information
- Screen due diligence applications and request missing information
- Input data into underwriting punch lists and reconcile data
- Support Senior CRE Financial professionals with client and partner communications
- Respond in a timely manner to client requests
- Work with team to ensure loans packages are delivered to clients in a complete and professional manner on time
Qualifications
- Bachelor’s degree required
- Ability to manage multiple priorities and meet deadlines
- Excellent quantitative and analytical skills
- Strong verbal and written communication skills