Who We Serve
Evercrest Advisors provides independent hedging and bond advisory services to real estate owners, developers, and asset managers, tax-exempt and municipal issuers, nonprofit organizations, and corporate borrowers. Since our founding in 2022, we have served clients in more than 25 states. Our work spans new transaction advisory, existing portfolio evaluation, competitive hedge procurement, documentation negotiation, hedge accounting support, and ongoing compliance services.
Below is an overview of the sectors we serve. For more detailed information, visit our sector-specific resource pages.
State Housing Finance Agencies
We serve as swap advisor and QIR to state housing finance agencies across the country, advising on hedging programs that support billions of dollars in single-family and multifamily affordable housing bond issuances. Our team understands the unique operational requirements of HFAs, including the need for transparent procurement processes, board-level reporting, and compliance with Dodd-Frank Special Entity requirements. We have active relationships with housing finance agencies in more than a dozen states.
Affordable Housing Developers
Affordable housing developers executing 4% LIHTC bond transactions face hedging requirements that are integral to their capital stack. We help developers evaluate whether a swap or cap is the right instrument, ensure competitive pricing, and negotiate documentation that protects the borrower. With the recent reduction of the bond financing threshold from 50% to 25%, more projects than ever will require hedging, and we are prepared to support developers of all sizes, from first-time 4% applicants to experienced operators with national portfolios.
→ Learn more: Swap Advisory for Affordable Housing & LIHTC Developers
Commercial Real Estate Developers and Asset Managers
Multifamily operators, commercial real estate developers, and institutional asset managers represent a core part of our practice. Whether you’re hedging a floating-rate construction loan, purchasing a rate cap required by your lender, or evaluating a swap on permanent financing, Evercrest provides independent advice that ensures you get competitive pricing and documentation that protects your interests. We have worked with developers and asset managers of all sizes, from single-property borrowers to firms managing portfolios of thousands of units.
→ Learn more: Swap Advisory for Commercial Real Estate & Multifamily
Hospitals and Health Systems
Nonprofit hospitals and health systems are among the most sophisticated users of interest rate derivatives in the tax-exempt market. We advise healthcare organizations on new hedging transactions, existing portfolio management, counterparty credit monitoring, and restructuring opportunities. We also perform hedge effectiveness testing for clients that apply hedge accounting treatment to their derivative positions. We serve as QIR for Special Entity healthcare clients under Dodd-Frank.
→ Learn more: Swap Advisory for Hospitals & Health Systems
Colleges and Universities
From major research universities to community college districts, higher education institutions rely on the tax-exempt bond market to finance capital projects. When that debt includes variable-rate exposure, the hedging decisions carry real financial and governance implications. Evercrest provides independent advice on new transactions, existing swap portfolio evaluation, hedge effectiveness testing, and board-ready analysis that helps trustees make informed decisions. We also serve as QIR for public institutions classified as Special Entities under Dodd-Frank.
Municipal Governments and Public Utilities
State and local governments, public utilities, special districts, and other governmental entities use interest rate swaps and caps to manage risk across their debt portfolios. Evercrest brings deep municipal market experience to every engagement, whether it’s advising a large metropolitan issuer on a portfolio restructuring or helping a smaller entity evaluate its first hedge. We are registered as a Municipal Advisor with the SEC and the MSRB, and we serve as QIR and IRMA for governmental clients nationwide.
Corporate Borrowers
When a bank requires an interest rate swap or cap as a condition of a corporate loan, many borrowers, especially those doing their first derivative transaction, sign what the bank puts in front of them without independent review. Evercrest acts as your outsourced treasury team for the hedge, benchmarking pricing, evaluating structure, and negotiating documentation to ensure you get a fair deal. We work with middle-market companies, real estate operating companies, and any borrower that wants independent advice on a bank-required hedge.
→ Learn more: Swap Advisory for Corporate Borrowers
Other Nonprofit and 501(c)(3) Organizations
Beyond our core sectors, Evercrest serves a wide range of nonprofit 501(c)(3) organizations that access the tax-exempt bond market for capital projects. Our clients include social service agencies, religious and faith-based organizations, cultural institutions, senior living and continuing care providers, community development organizations, and other mission-driven entities. If your nonprofit issues or is considering tax-exempt debt with a hedging component, our team has the experience to guide you through the process, from evaluating your hedging options to negotiating fair pricing and documentation.
Many smaller nonprofits are entering into their first derivative transaction and lack the in-house expertise to evaluate what the bank is offering. Evercrest provides the same level of independent advice to a community nonprofit as we do to a large health system or state housing agency. The advisory fee is scaled to the size and complexity of the transaction, making independent advice accessible to organizations of all sizes.