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
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