Hanover Street Capital

Hanover helps originate CRE financing opportunities on performing, sub-performing and non-performing loans secured by all asset classes of commercial real estate.

Our securitization professionals help support the capital markets by providing transactional services across the full lifecycle of CMBS including conduit and single asset single borrower loans. Our services include:

• Transaction management
• Documentation review
• Structuring

Hanover provides servicing and administration support for performing, sub-performing and non-performing commercial real estate loans, including cash management and the administration of complex, syndicated, multi-draw loan facilities. Our experience spans multiple market cycles and all property types from ground-up construction projects to large portfolios of operating properties.

The Asset Management team is responsible for managing, monitoring and reporting on the performance of our Client’s portfolios of commercial real estate loans. The core asset management functions and responsibilities include monitoring of and reporting on collateral performance during the respective loan terms against underwritten expectations, review and assessment of relevant macro and micro market trends, monitoring borrower compliance of obligations pursuant to the loan documents and review and analysis of guarantor net worth and liquidity in accordance with contractual obligations. These core responsibilities require thorough review and understanding of the relevant loan documents, third party reports and credit memos. The asset management team assists in preparing and presenting credit recommendations and substantiations for actions that require credit committee approval such as restructurings, lease approvals, and other requested deviations from contractual obligations. The team monitors the portfolio while gathering market data to provide continual updates to our client in the form of cash flow analyses, including sensitivity analyses, quarterly cash flow models, annual asset valuations and credit reports. It evaluates draw requests including but not limited to construction, tenant improvements, and capital expenditure.

The team’s broad experience spans multiple market cycles and is highly competent in managing both performing and nonperforming loans, workouts, real estate owned (REO), construction loans, and transitional loans.

The Portfolio Management team provides historical performance metrics as well as forward-looking analytics for the US and European CRE balance sheet loans at the portfolio level. All individual loan cashflows are modeled and future performance simulated according to client described scenarios. Using these models, the team presents the analytical support to maximize returns on invested capital.