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June Highlight Reel

June 2, 2017ScottHighlights

CASH MANAGEMENT

Foxfield at Naaman’s Creek – Boothwyn, PA: Reallocated $4,000,000 in reserve balances to help client earn an additional $6,600 per year in interest income

Orchard Gate HOA – Westmont, IL: Reallocated reserve portfolio, earning client an additional $6,000 annually

Lakes of Radisson Master – Blaine, MN: Reallocated $750,000 in excess operating funds to help client annually earn an additional $5,900

Margate Tower at Kingston Plantation – Myrtle Beach, SC: Reallocated $5,700,000 in reserve balances to earn client an additional $21,000 per year in interest income

Mandalay on the Hudson Condominium – Jersey City, NJ: Reallocated reserve balances to earn client an additional $3,212 per year

2280 Frederick Douglass Blvd – Harlem, NY: Reallocated reserve balances to increase annual interest yield by 100%

Chancery Condominium of Kingstowne – Alexandria, VA: Reallocated reserve balances to earn client an additional $2,500 per year

Granite Lofts Condominium – Quincy, MA: Reallocated reserve balances to increase annual interest yield by 100%

7 Warren Avenue – Boston, MA: Reallocated $500,000 in reserve deposits to increase annual interest income by $1,740

Doma Homeowners Association – San Diego, CA: Placed $6,500,000 in settlement funds to insured accounts and will assist with laddering all funds

The Plaza Homeowners Community Assoc. – Newport Beach, CA: Client’s average portfolio yield increased 725% by placing funds with partner banks

Highland Light Village Association – San Clement, CA: Rebalanced client accounts to increase portfolio’s average yield by 65%

Santa Fe Place Condominium – Kansas City, MO: Reallocated reserve funds to earn an additional $1,891 in interest income annually

Naples Cay – Naples, FL:

Beach House, Club, Master & Westshore Sub-Associations:

Reallocated funds to partner banks, protecting $1,125,000 that was FDIC-exposed while increasing interest income by $6,702

INSURANCE PLACEMENTS

Marina Towers – Alexandria, VA: Broker partner provided over $17,000 of premium savings while adding 125% Extended Replacement Cost, Flood, and Earthquake coverage, which was previously excluded

Stone Springs Condominium – Stone Ridge, VA: Association received over 21% in premium savings by placing policies with partner agent upon renewal

Carriage Park Condominium Association – Fairfax, VA: By moving to a partner agent, client saved over $13,000 with enhanced coverages

Olde Mill Condominium – Alexandria, VA: Broker partner improved building coverage with Guaranteed Replacement Cost while still saving the association 15% on premiums

Riverchase Condominium Association – Baltimore, MD:  Client moved to broker partner resulting in decreased premiums and improved deductibles for Water Damage, D&O, and Umbrella

Regalia on the Ocean – Sunny Isles, FL: Switched to partner agent saving over $62,000, lowering the hurricane deductible to 2%, and increasing Ordinance or Law coverage to $5,000,000

1300 Ponce – Coral Gables, FL: Partner agent lowered hurricane deductible to 2%, lowered AOP deductible to $2,500, and added Wind Driven Rain coverage of $100,000

5825 Corinthian – Miami Beach, FL: Identified deficiencies in the existing program, and partner agent improved coverages and deductibles while saving client over $7,000

The Jewel – Sarasota, FL: Mid-year audit revealed errors and deficiencies in current program; partner agent hired to provide proper coverage and premium savings of approximately $30,000

LOANS CLOSED

$4,000,000: Kips Bay Towers Condominium – New York, NY

$3,500,000: 360 Riverside Owners Corp – New York, NY

$700,000: One Lincoln Square Condominium – New York, NY

$200,000: 420 East 58th Street Condominium – New York, NY

$100,000: Ashbury Square – Houston, TX

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