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May Highlight Reel

May 1, 2017ScottHighlights

LOANS CLOSED

$11,000,000: The Palisades Condominium– Fort Lee, NJ

$2,600,000: Wynbrooke Homeowners Association – Murrells Inlet, SC

$2,000,000: Mira Lagos Homeowners Association, Inc – Dallas, TX

$820,723: The Trails Condominium Association – Kansas City, MO

$370,000: Dakota on the Park Condominium– St. Paul, MN

$228,988: The Commodore Condominium – St. Paul, MN

$140,000: Alderon Woods – Houston, TX

 

CASH MANAGEMENT

Morningside Heights Housing Corp – New York, NY: Reallocated $5,000,000 in reserve balances to earn client an additional $93,173 per year in interest income

275 West 10th Street Condominium – New York, NY: Reallocated $2,400,000 in reserve balances to help client earn an additional $12,432 per year in interest income

87th Street Owners Corp – New York, NY: Reallocated reserve portfolio, earning client an additional $5,475 annually

Gracie Gardens – New York, NY: Reallocated reserve portfolio to help client annually earn an additional $3,065 of interest income

Brookfield Glen – Belvedere, NJ: Reallocated $1,000,000 in reserve balances to help them earn an additional $2,156 per year

Brambleton Community Association – Ashburn, VA: Reallocated $1,000,000 in reserve balances, increasing annual interest income $3,089

River Oaks – Woodbridge, VA: Reallocated reserve balances to help client earn an additional $2,011 per year

Horizon House Condominium – Arlington, VA: Reallocated $1,400,000 in reserve balances, increasing interest by $5,765

Courts at Byers Station – Chester Springs, PA: Reallocated reserve portfolio, increasing interest income by $1,050 per year

Emerald Gardens – St. Paul, MN: Reallocated $950,000 of reserve funds to earn an additional $3,200 annually in interest income

Cobblestone Lake North Shore – Apple Valley, MN: Reallocated $650,000 of funds to increase annual interest income by $2,500

Parkwood Townhomes – Maple Grove, MN: Reallocated $650,000 to ensure FDIC-compliance while increasing annual interest income by $2,200

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

Association of Poinciana Villages – Poinciana, FL: Client will be reallocating $5,900,000 in funds to partner banks, yielding them an additional $15,000 of annual interest income

Gardens of Kendall – Miami, FL: Reallocated funds to ensure FDIC-compliance on $70,000 and increased annual interest income by $2,850

 

INSURANCE PLACEMENTS

The Caribbean Condominium Association – Miami Beach, FL: Partner agent delivered over $34,000 in savings while lowering the hurricane deductible to 2%

Aquazul Condominium Association – Lauderdale by the Sea, FL: Upon renewal, partner agent lowered hurricane deductible to 2%

Silver Creek Condo – Reno, NV: Saved client $15,000 annually on premiums while increasing coverage with guaranteed replacement cost for building and full back sewer/drain coverage limits (not previously covered)

Four Seasons at Smithville HOA – Galloway, NJ: Saved $19,000+ on premiums at renewal by switching to broker partner(more than 30% compared to expiring)

Fishery Condominium – Ship Bottom, NJ: Provided fast turnaround on proposal request in less than two weeks from effective date, offering enhanced coverage and reduced premium

Hampton Pointe Condominium – Reston, VA: Broker partner reduced the Directors & Officers Liability deductible from $10,000 to $1,000 and saved association over 12% compared to expiring premiums

Oxford House – Fairfax, VA: The Board of Directors approved broker partner’s proposal that included added coverage for Workers Compensation and saved over 13% in premiums

Koeppel Management Co., LLC – New York, NY: Identified deficiencies in the existing policies and advised on areas for improvement; client assigned partner broker authority on the policies and better terms & conditions were negotiated upon renewal with no increase in premiums

Hong Kong Plaza – Calgary, AB: New client saved almost 50% on premium while increasing flood coverage to $5,000,000 and adding coverage for terrorism, data security breach, and pollution liability

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