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April Highlight Reel

April 1, 2018ScottHighlights

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 coverage compared with renewal offer from current broker

Huntingdon Mews Condominium Association – Clemton, NJ: Association saved over $5,800 by moving to broker partner at renewal

Fox Heath Homeowners Association – Warrington, PA: Partner agent provided more comprehensive coverage overall along with 25% premium savings

Winding Ways Homeowners Association – Jackson, NJ: Client received over $10,000 in savings by switching to broker partner at renewal

Ramble Community Association – Asheville, NC: Our subject matter experts noted some unique coverage deficiencies to the expiring policies and incumbent agent’s alternative quotes, leading the board to choose the proposal from our broker partner with more robust coverage at a lower premium

Palm Beach Point – Palm Beach, FL: Saved client over $3,000 while increasing coverage and lowering deductibles

Monteux at Deerwood – Jacksonville, FL: Lowered the annual premium by approximately $60,000 compared to the expiring while also decreasing calendar year hurricane deductible from 3% to 2%, extending the Umbrella to cover the Workers’ Compensation, and raising the total insured value by $14,000,000

Marina Grande Riviera Beach Condo Association – Riviera Beach, FL: Association moved to partner agent in order to secure a 2-year policy term while gaining over $29,000 in property savings

LENDING

$8,250,000: Hudson Manor Terrace – New York, NY

$1,400,000: Tower Lofts – Minneapolis, MN

CASH MANAGEMENT

Oceanview Park Condominium Association – Hallandale Beach, FL: Association approved to move $870,000 to partner banks in order to increase the annual interest income by $3,800

Flora Ridge Condo, Kissimmee, FL: Moved $850,000 into partner banks which increased earning on reserve deposits by $6,900 annually

The Atrium Office Condominium – North Palm Beach, FL: Moved over $500,000 into partner banks, increasing annual interest income by almost $4,000

The Garden Homes at Moors Maintenance – Miami, FL: Moved over $350,000 into partner banks and earning client an additional $4,143 in interest income

Moors Master Maintenance – Miami, FL: By moving over $1,000,000 into partner banks, client will increase interest income by almost $11,000 annually

Village at Grayhawk – Scottsdale, AZ: Helped association increase portfolio’s average yield by 71% and will assist with managing their CD ladder

Arboretum – Murrieta, CA: Helped association increase portfolio’s average yield by 358% and will assist with managing their CD ladder

Fairway Canyon – Beaumont, CA: Helped association annual interest earned by over $22,000

Mira Villa – Las Vegas, NV: Increased the association’s annual interest earned by over $5,000

White Lake Ranch – Reno, NV: Helped association increase portfolio’s average yield by 257%

Mission Creek – Loma Linda, CA: Helped association increase portfolio’s average yield by 196% and will assist with managing their CD ladder

Tower I – Fort Worth, TX: Helped association annual interest earned by over $10,000 and will assist with managing their CD ladder

York of Edina – Edina, MN: Reallocated $360,000 in operating and reserve funds to help earn an additional $2,470 per year

Grant Park – Minneapolis, MN: Reallocated $478,000 in operating and reserve funds, and renewed $350,000 in CDs to help them earn an additional $4,509 per year

2000 Linwood Condominiums – Fort Lee, NJ: Reallocated $2,858,379 in reserve balances to help earn an additional $2,035 per year

East Water Place HOA – Chicago, IL: Reallocated $1,251,131 in reserve balances to help earn an additional $3,054 per year

Harborview HOA – Baltimore, MD: Reallocated $551,343 in reserve balances to help earn an additional $2,442 per year

Delaware Place COA – Chicago, IL: Reallocated $1,289,039 in reserve balances to help earn an additional $2,109 per year

Tremont on the Common Condominium – Boston, MA: Reallocated $1,842,395 in reserve balances to help earn an additional $13,370 per year

Alexandria Towers Master Condominium – Alexandria, VA: Reallocated $600,000 in reserve funds to help earn an additional $6,000 per year

330 East 70th Street Tenants Corp – New York, NY: Reallocated $500,000 in reserve funds to help earn an additional $4,900 per year

Traditions of America at Hanover Condominium – Bethlehem, PA: Reallocated $900,000 in reserve funds to help earn an additional $5,800 per year

Fieldston Property Owners Association – Bronx, NY: Reallocated $1,800,000 in reserve funds to help earn an additional $17,000 per year

Sanderling Condominium – Centreville, VA: Reallocated $1,000,000 in reserve funds to help earn an additional $10,000 per year

Mandalay on the Hudson Condominium – Jersey City, NJ: Reallocated $750,000 in reserve funds to help earn an additional $2,500 per year

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