INSURANCE PLACEMENTS
Warwick Condominium Association – Atlantic City, NJ: Broker partner retained renewal and has saved the association over $28,000 in premium during the past two years
Brighton Green Condominium – Newburgh, NY: After identifying deficiencies, new policies with overall better coverage were placed with broker partner mid-term
Willow Point Condominium – Falls Church, VA: By switching to partner broker at renewal, the client received enhanced Property coverage with Guaranteed Replacement Cost, a lower AOP deductible, and saved $3,000 in premium
Coldstream Cove HOA – Murrells Inlet, SC: Upon renewal, the association placed coverage through broker partner and obtained $11,000 in annual savings
Toscana West Condominium Association – Highland Beach, FL: Client switched to partner agent, which reduced their Hurricane deductible from 3% to 2%, saved over $98,000 in premium and increased their Ordinance and Law Coverage to $1,500,000
Villas of Postiano – Hollywood, FL: Partner agent improved the coverages by lowering their water damage deductible, reducing the Hurricane deductible to 2%, and delivering annual savings
La Mirage Condominium – Aventura, FL: Provided savings of over $45,000 and added coverage while substantially lowering the hurricane deductible
LOANS CLOSED
$2,200,000: Augusta Ranch Community Master Assoc – Mesa, AZ
$1,600,000: American Park Cooperative Section I – Brooklyn, NY
$1,500,000: Harbor View Condominium – Chicago, IL
$1,500,000: The Gibson – Washington, DC
$900,000: 15th Place Condominium – Chicago, IL
$650,000: Coffee Lofts – Kansas City, MO
CASH MANAGEMENT
Altamar – Naples, FL: Moved $2,200,000 into partner bank, increasing their interest earnings by $7,000 annually and protecting balances under FDIC limits
Palm-Aire at Coral Key – Lighthouse Point, FL: Reallocated $900,000 and eliminated FDIC exposure while increasing interest income by $4,400 annually
Gallery Tower – Saint Paul, MN: Reallocated $1,000,000 in reserve and operating funds, earning an extra $4,128 annually
Brandon Farms – Pennington, NJ: Reallocated $1,600,000 in reserve balances to help them earn an additional $3,163 per year
Seaview at Shark River – Neptune City, NJ: Reallocated $2,400,000 in reserve balances, resulting in $3,400 of additional interest income
Naval Square – Philadelphia, PA: Reallocated $7,000,000 in reserve balances to earn an additional $15,719 per year
Lincoln Square Condominium – New York, NY: Reallocated $4,700,00 in reserve funds to earn an additional $13,669 per year
Wynbrooke HOA – Murrells Inlet, SC: Reallocated $700,000 in reserve balances to help them earn an additional $1,400 per year
Debordieu Fairway Oaks HOA – Georgetown, SC: Reallocated $200,000 in reserve funds to earn an additional $1,000 per year
Tall Oaks Village Condominium – Mansfield MA: Reallocated $263,989, earning an additional $1,253 in yearly interest income
Reservoir Place – Waltham, MA: Reallocated $433,087, helping client increase annual interest by $1,740
Menifee Master Association – Temecula, CA: Helped association increase portfolio’s average yield by 106% and will assist with managing their CD ladder
Las Palmas MV Condominium Association – Mission Viejo, CA: Helped association increase portfolio’s average yield 33% by rebalancing their accounts
Ravenna Community Association – Irvine, CA: Helped association increase portfolio’s average yield 175% by rebalancing their accounts
Sedona Condominium HOA – Las Vegas, NV: Rebalanced accounts to help association increase average yield by 201%
Hart Ranch HOA – San Antonio, TX: Helped association increase portfolio’s average yield 507% by rebalancing their accounts