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August 2018 Highlight Reel

August 1, 2018ScottHighlights

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 1455 / Ideal Lofts – Toronto, ON: Delivered increased coverage and lower deductibles to condo corporation through FirstService Financial’s National Program

TSCC 2532 / Karma Condominiums – Toronto, ON: Saved condo corporation $19,000 in insurance premium with lower deductibles and greatly expanded coverage

Silver Towers – New York, NY: Placed insurance through FS Insurance Brokers and provided the client a premium savings of $8,000

Turner Towers – New York, NY: Provided client over $8,000 in premium savings while increasing the business income limit and decreasing the Earthquake deductible from $100,000 to $50,000

Arverne Limited Profit – New York, NY: Incumbent renewal included large premium increase, and our partner broker was able to provide a quote for the client with over $22,000 worth of premium savings

Residences at Cherry Hill Condominium – Dumfries, VA: During a $200,000 ongoing claim settlement, broker partner marketed the account and saved the association $8,000 in premium at renewal

Chancery at Kingstowne – Alexandria, VA: Carrier non-renewed due to claim frequency and incumbent agent’s premium doubled at renewal, but partner agent provided an admitted quote with very minimal premium increase

Cameron Station Condominium – Alexandria, VA: Broker partner saved the association $15,000 at renewal

Balmoral HOA – Myrtle Beach, SC: FS Insurance Brokers saved the association 10% in premium by moving the ancillary policies to FirstService Residential’s exclusive products

Harbor View Condominium – Woodbridge, VA: Partner agent saved the association $4,800 at renewal

LENDING

$22,650,000: Clypeta Realty Corp – New York, NY
$15,150,000: Eighth City Realty – New York, NY
$3,950,000: The Danielle – New York, NY
$3,500,000: 330 East 70th – New York, NY
$3,500,000: Park Towne Condominium – Palatine, IL
$650,000: Inglenook Plaza Condominium – Kansas City, MO

CASH MANAGEMENT

Warwick – Atlantic City, NJ: Reallocated $522,947 to help client earn an additional $3,578 per year

The Arts – Philadelphia, PA: Reallocated $1,436,612 to earn an additional $4,541 per year

Courts at Tanglewood – Marlton, NJ: Reallocated $153,381 to help client earn an additional $2,080 per year

Maplewood Village – Maplewood, NJ: Reallocated $615,860 to help earn an additional $4,124 per year

Glen at Mason’s Creek – Hainesport, NJ: Reallocated $439,948 to help earn an additional $1,966 per year

Tuscany Villas At Painted Mountain – Mesa, AZ: Increased portfolio’s average yield by 53% and will assist with managing their CD ladder

Porta D’Italia – San Diego, CA: Increased portfolio’s average yield by 55% and will assist with managing their CD ladder

Quail Creek Condo – San Diego, CA: Increased portfolio’s average yield by 211% and will assist with managing their CD ladder

KRN Villages Homeowners Association – Reno, NV: Helping association increase portfolio’s average yield by 96%

Tripoly At Stephanie – Las Vegas, NV: Helping association increase portfolio’s annual yield by almost $13,000 (a 483% improvement)

Renaissance At Turtle Creek – Dallas, TX: Helped association increase annual interest earned by over $15,000 and will assist with managing their CD ladder

Bay Hill Village – Orlando, FL: Moved $900,000 of reserve funds to increase their interest yield by $14,500

Amelia Lake – Naples, FL: Moved over $2,000,000 of uninsured funds into FDIC protection and increased annual interest by over $45,000

The Courtyards at the Point Condominium – Aventura, FL: Increased the annual interest from $2,427 to $7,424

Sabal Chase Condominium 1 – Miami, FL: Moved $975,000 of uninsured funds into full FDIC protection and increased the annual interest from $7,244 to $26,957

Ocean Palms – Hollywood, FL: Rearranged reserve funds to increase the annual interest by $15,000

275 West 10th Street – New York, NY: Reallocated $500,000 to help earn an additional $3,900 per year

360 Riverside Drive – New York, NY: Reallocated $400,000 to help earn an additional $4,007 per year

Fairmont Tenants Corp. – New York, NY: Reallocated $5,600,000 to help earn an additional $139,762 per year

Beaumont Condo – New York, NY: Reallocated $600,000 to help earn an additional $2,180 per year

12 East 13th Street Condo – New York, NY: Reallocated $300,000 to help earn an additional $4,414 per year

Del Webb at Lake Providence – Mt. Juliet, TN: Reallocated $800,000 to help earn an additional $6,322 per year

579 West 215th Street Owners Corp. – New York, NY: Reallocated $400,000 to help earn an additional $8,000 per year

Sully Station II – Centreville, VA: Reallocated $600,000 to help earn an additional $5,300 per year

Haven at New Riverside – Bluffton, SC: Reallocated $300,000 to help earn an additional $2,000 per year

Bayville Shores – Selbyville, DE: Reallocated $1,000,000 to help earn an additional $18,309 per year

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