LOANS CLOSED
$1,800,000: Loop Calhoun – Minneapolis, MN
$1,700,000: Table Bay Corp. – New York, NY
$800,000: Galleria Residences – Edina, MN
$190,000: Champions Ridge HOA – San Antonio, TX
CASH MANAGEMENT
Port Liberte III Condo Assoc. – Jersey City, NJ: Reallocated $3.8MM reserve fund portfolio to increase annual interest income by $25,718
The Margate Tower at Kingston Plantation – Myrtle Beach, SC: Provided FDIC insurance and increased annual interest by $10,905 through reallocation of $5.1MM portfolio
Glenbrooke at Bridgewater Condo Assoc. – Bridgewater, NJ: Moved $1.2MM portfolio balance into partner banks, thus increasing annual interest by $8,461
345 East 73rd Street Owners Corp – New York, NY: Increased yearly interest by $3,132 by redistributing $1.1MM reserve portfolio
Altura Owners Assoc. – San Jose, CA: Increased annual portfolio interest yield by 76%, resulting in $2,700
Solera at Stallion Mountain HOA – Las Vegas, NV: Reduced risk and expenses by helping to fully insure $2MM portfolio
Vista Oaks Owners Assoc. – Austin, TX: Reduced uninsured balance risk and increased annual interest income by 295%
The Coronado Condo Assoc. – Chicago, IL: Redistributed reserve funds to partner banks, earning client additional $1,300 annual interest income
L’Ambiance HOA – Boca Raton, FL: Increased interest income by $3,331 per year while providing protection for funds over FDIC limits
Redfish Village – Santa Rosa Beach, FL: Reallocated out-of-network balances and insured all funds, also increasing annual interest by $4,251
Lincoln Lofts – Chicago, IL: Earned client $1,000+ in additional annual interest income by reallocating reserve funds to partner banks
Somerset Bay – Vero Beach, FL: Client had $477,000 over FDIC limits which was dispersed to reduce balances below limits while increasing annual interest from $179 to $3,996
Faire Harbor – San Clemente, CA: Redistributed $1.2MM reserve portfolio to fully insure funds and nearly double interest income
La Vina – Altadena, CA: Tripled yearly interest income to $9,800 by reallocating client’s $1.4MM portfolio
Hamilton Mill – Dacula, GA: Increased annual interest yield by $4,166 and fully insured $1.5MM portfolio that had exceeded FDIC limits
INSURANCE PLACEMENTS
Buckley Towers Condominium – Miami, FL: New client saved $16,000 in annual premiums by placing insurance with broker partner
Anthem Highlands – Henderson, NV: Moved client’s coverage to a broker partner, saving over $15,000 annually
Belvedere Towers – Reno, NV: Placed D&O coverage with broker partner, saving client $7,000
Beaumont Hamel Phase I – Calgary, AB: Association saved over $7,000 on insurance premium by renewing through broker partner
Coach Manor Hill – Calgary, AB: Saved client $34,000 on insurance premium by switching to FS Insurance Brokers’ partner
Ocean 14 – Jacksonville Beach, FL: Involved broker partner to assist with enhancing property coverage and sublimits, providing coverage for existing gaps on both flood and employee dishonesty policies, and offering client a savings of $4,000 on expiring premiums
77 Hudson and Hudson Greene – Jersey City, NJ: Successful renewal with FS Insurance Brokers to deliver more than $53,000 in combined savings for client
Manors at McNair Condo – Herndon, VA: Provided favorable deductible options and $55,000 in premium savings