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…
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…
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…
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…
CASH MANAGEMENT Valencia Shores Master – Lake Worth, FL: Moved $4,300,000 into partner banks, increasing client’s annual interest income by $33,300 Boca Pointe COA – Boca Raton, FL: Moved $600,000 into partner banks which increased interest income by $6,142 per year Wyndham Palms Homeowner’s Association – Kissimmee, FL: Increased interest earnings by $8,200 by moving…
Greenwich Club Residences, a 37-story designer condominium in Manhattan’s Financial District, was recently facing a substantial increase to its flood insurance renenwal premium. Because the policy is offered through the National Flood Insurance Program, the rates are government mandated and non-negotiable. The Board decided to explore options, enlisting the help of FS Insurance Brokers and…
LOANS CLOSED $3,025,000: Crestwood Bayview – Brooklyn, NY $1,200,000: 4900 N Marine Drive Condominium – Chicago, IL $151,000: Lot 270 Condominium – Saint Paul, MN $143,500: Lincoln Lofts Condominium – Chicago, IL CASH MANAGEMENT Visconti East – Maitland, FL: Moved $915,000 from an investment account into partner banks, increasing interest income return by $6,800 The Villages at Lynx Creek Owner’s…
Bayland Condo is a 121-unit garden style condo community located in Havre de Grace, MD, just outside Baltimore. Recently, the Board opted to explore options for the management agreement while still considering its ongoing relationship with FirstService Residential. Coincidentally, the association’s insurance coverage was up for renewal at same time. FS Insurance Brokers was engaged…
CASH MANAGEMENT Palm Beach Point POA – Palm Beach, FL: Reallocated funds to protect $100,000 with FDIC Exposure and increased annual interest yield by more than $2,600 L’Hermitage II Condominium Association – Fort Lauderdale, FL: Increased Association’s annual interest yield by $5,200+ by moving operating funds to partner banks The Ivy Condominium – Miami, FL:…
LOANS CLOSED $3,475,000: James Monroe Owners, Inc. – Forest Hills, NY $850,000: Galleria – Edina, MN $600,000: Grand Cove II Condominium – Edgewater, NJ $300,000: Riss Lake Community Association – Kansas City, MO $146,000: Condos at Lake Harriet I – Minneapolis, MN $117,848: Summerhill Association – Bloomington, MN CASH MANAGEMENT The Keys Condominium –…