Cash Management Bridgeview at Hayden Ferry – Tempe, AZ: Increased portfolio’s average yield by over $23,000 (95% increase) and will assist with managing their CD ladder Sunflower – Tucson, AZ: Increased portfolio’s average yield by 112% and will assist with managing their CD ladder Bridgewater OA – Emeryville, CA: Assisted with placement of settlement funds, increasing portfolio’s…
In October of 2018, FirstService Residential assumed management of Nuera & Alura, a 508 unit high-rise condominium building in Calgary, AB. The Board expressed interest in working directly with our internal insurance subject matter experts to explore better alternatives for the condo’s master policies. In the early on-boarding stages, the BDM team led by Grant Flagler…
Lending: $2,500,000: 39-60 54th Street Owners – New York $1,276,900: TSCC 2335 – Ontario $875,000: Collier Green Condominium – Georgia $476,396: Mount Curve Association – Minnesota $110,000: Forest at Stone Oak Association – Texas $75,000: Sunalta – Alberta Cash Management: Riverchase Condo – Baltimore, MD: Reallocated $1,256,652 to help earn the community earn an additional…
Insurance: TSCC 2541/The Glen Condo’s – Toronto, ON: Board chose to insure through FS Insurance Brokers national program which provided a broad spectrum of coverages at a comparable premium Silo Point Condominium & Community Association – Baltimore, MD: FS Insurance Brokers enhanced building coverage by over $40,000,000 and saved this new client over $20,000 in premium…
Cash Management: Spring Mountain Homeowners Association – Schwenksville, PA: Reallocated $1,244,977 to help earn an additional $1,965 per year Ramapo River Reserve – Oakland, NJ: Reallocated $913,687 to help earn an additional $4,435 per year Glenmoor Condominium Association – Easton, PA: Reallocated $1,723,304 to help earn an additional $2,652 per year Contemporary Villages Condominium Association – Glenolden, PA: Reallocated…
INSURANCE Barclay’s Beach Club – Fort Pierce, FL: Decreased flood premium by $11,000 Country Cove Estates – Lantana, FL: Decreased premium by 34% Worthington of Palm Beach HOA – West Palm Beach, FL: Decreased annual premium by $4,327 TSCC 2529 / INDX – Toronto, ON: Saved the condo corporation over $1,000 in premium and offered significantly broader coverage TSCC…
What do 9 schools, 1,000 children, 23,000 meals, fresh water, internet access, and a new home all have in common? The answer: Insurance (sort of). A few months ago, we told you about FirstService Financial’s Direct-to-Resident program and the powerful impact it is having across our markets. Our partner Lemonade Insurance Company and their mission…
INSURANCE Barclay Beach Club – Fort Pierce, FL: Saved the association $6,000 in premium while increasing coverage Landmark at Doral I – Doral, FL: Increased coverage on the Association’s policies Hammock Park HOA – Oviedo, FL: Renewed with partner agent to reduce premium by 23% Bacopa Bay – St. Petersburg, FL: Renewed with partner agent to increase policy coverage…
Newtown Grant, a master-planned community is Southeast Pennsylvania, is home to over 3,000 residents. Made up of a master association and multiple sub-associations, this very large community recently presented a challenging insurance renewal. The incumbent Directors & Officers Liability provider non-renewed coverage because of the complexities involved, and many other underwriters declined to offer terms…
CASH MANAGEMENT The Carlyle – Minneapolis, MN: Reallocated $492,000 in reserve funds and renewed $500,000 in CDs to earn an additional $8,405 per year Loring Green West – Minneapolis, MN: Reallocated $960,000 in reserve funds to help earn an additional $4,901 per year South Constitution Condominium – Hoboken, NJ: Reallocated $2,260,885 in reserve funds to earn an additional…
In 2015, FirstService Residential assumed management of Sanderling Condominium, a 318-unit condominium in Centreville, VA. Located thirty minutes west of Washington, DC, Sanderling consists of 13 separate buildings of garden-style units. FirstService Financial proactively reviewed the association’s reserve portfolio and identified an opportunity to help them significantly increase interest income to help their bottom line….
LENDING $24,000,000: Dara Gardens – New York, NY $2,000,000: Bel Canto – New York, NY $1,800,000: Eton Square – Alexandria, VA $1,300,000: Bronzeville Lofts – Chicago, IL $1,100,000: 801 Washington Lofts – Minneapolis, MN CASH MANAGEMENT Haven at New Riverside – Bluffton, SC: Reallocated $400,000 in reserve funds to help earn an additional $1,700…
When the Board turned over at Waterfall Estates, the newly elected members expressed interest in implementing a different investment strategy for the association. The manager enlisted the help of FirstService Financial and our team of subject matter experts. Within their existing strategy, the association was earning just over $3,000 annually on nearly $800,000 of operating…
INSURANCE Pier 27 / TSCC 2509 – Toronto ON: Saved downtown condo corporation over $7,000 while providing higher limits of insurance and significant coverage enhancements such as pollution, liability, and volunteer accident coverage not offered by any other insurance program in Ontario Juno – Edmonton, AB: Saved the board $2,400 in premium and expanded their…
When we launched our Direct-to-Resident insurance program last year, the goal was simple: Deliver tangible value to residents in the form of educational content and comprehensive insurance coverage. To date, more than 1,000 residents have signed up for an insurance policy. The program is currently available in California, New York, and New Jersey, and we…