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 $6,531 per year
Huntingdon Mews Condominium – Clementon, NJ: Reallocated $126,457 in reserve funds to earn an additional $1,237 per year
Fox Mill Master Homeowners Association – Wasco, IL: Reallocated $1,672,831 in reserve funds to earn an additional $8,115 per year
Roc Harbour Condominium Association – North Bergen, NJ: Reallocated $1,171,944 in reserve funds to earn an additional $9,039 per year
Devonshire Village Condominium Association – Galloway, NJ: Reallocated $232,012 in reserve funds to help client earn an additional $1,058 per year
Heights 75 Owners Corp – Brooklyn, NY: Reallocated $300,000 in reserve funds to help earn an additional $4,107 per year
Boulder Village Townhomes – Lakeville, MN: Reallocated $150,000 in reserve funds to help earn an additional $2,593 per year
Morningside Heights Housing Corp. – New York, NY: Reallocated $1,500,000 in reserve funds to earn an additional $30,000 per year
Margate Tower at Kingston Plantation – Myrtle Beach, SC: Reallocated $1,000,000 in reserve funds to help client earn an additional $7,300 per year of interest income
2077 Tenants Corp – Fort Lee, NJ: Reallocated $1,000,000 in reserve funds to help earn an additional $7,000 per year
Johnson Ranch –San Tan Valley, AZ: Helped association increase portfolio’s average interest earned by almost $32,000 and will assist with managing their CD ladder
Lennox Neighborhood– Irvine, CA: Helped association increase annual interest earned by over $4,400
Market Street – Corona, CA: Helping association reduce risk and increase interest earned by over $13,000; will also assist with managing their CD ladder
Traverse Point Condo – Henderson, NV: Increased the association’s annual interest earned by over $4,500
Ardiente – Las Vegas, NV: Helped association increase annual interest earned by over $14,000 and will assist with managing their CD ladder
Villas of Silverado – San Antonio, TX: Helping association increase annual interest earned by over $8,700
Tower I and II – Fort Worth, TX: Helped associations increase annual interest earned by over $12,300 and $9,800 respectively and will assist with managing their CD ladders.
Savannah Pines Condominium – Orlando, FL: Eliminated FDIC-exposure exceeding $1,000,000 and increased interest by $11,000
Jupiter Dunes Condominium C – Jupiter, FL: Eliminated FDIC-exposure of $200,000 while also increasing annual interest income by $16,000
INSURANCE
The Jewel Condominiumm – Sarasota, FL: Placed the renewal with a partner agent saving the association $4,000 while significantly increasing coverage.
Grove Park Condo – Orlando, FL: Saved the association over $6,000 in premium
Los Mangos – Boynton Beach, FL: Moved coverage to partner agent, increased coverage and saved the association $44,803
Catalina West HOA – Cutler Bay, FL: Decreased the renewal premium by 50% while maintaining the same or better coverage
Axis on Brickell – Miami, FL: Renewed with partner agent at significant savings while substantially increasing coverage
Commons on William Square Condominium – Woodbridge, VA: $10,000 premium reduction and reduced Water Damage Deductible from $25,000 to $5,000 at renewalPenderbrook Square Condominium – Fairfax, VA: FS Insurance Brokers was authorized to drive a competitive bidding process, resulting in many coverage enhancements and premium savings of $8,000
Centreville Crossing HOA – Centreville, VA: Broker partner enhanced coverage and saved the association 33% in premium at renewal
Carriage Hill at Falls Run HOA – Falmouth, VA: Client received savings of 19% by moving to FirstService Residential’s exclusive HOA program, which was recently expanded into the East Region
Heatherbrook HOA – Fairfax, VA: Broker partner provided enhanced Liability coverage and saved the association over 24%
LENDING
$9,500,000: The Falls and Pinnacle Owners – Minneapolis, MN
$5,000,000: American Trio Lofts – Minneapolis, MN
$2,400,000: Woodrow Court – New York, NY
$549,900: 155 Red Path – Toronto, ON
$311,147: Summerhill Association – Minneapolis, MN