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November Highlight Reel

November 1, 2018ScottHighlights

Lending:

$2,500,000: 39-60 54th Street Owners – New York

$1,276,900: TSCC 2335 – Ontario

$875,000: Collier Green Condominium – Georgia

$476,396: Mount Curve Association – Minnesota

$110,000: Forest at Stone Oak Association – Texas

$75,000: Sunalta – Alberta

Cash Management:

Riverchase Condo – Baltimore, MD: Reallocated $1,256,652 to help earn the community earn an additional $4,292 per year

Traditions at Hamilton – Hamilton: Reallocated $1,185,380 to help earn the community earn an additional $2,450 per year

Linden Towers – Newark, NJ: Reallocated $1,078,492 to help earn the community earn an additional $7,181 per year

700 Bittersweet Condominium Association – Chicago, IL: Reallocated $473,214 to help the community earn an additional $2,696 per year

Fox Heath Association – Warrington, PA: Reallocated $953,323 to help the community earn an additional $4,026 per year

Harbor Club Condominium – Haverstraw, NY: Reallocated $476,143 to help the community earn an additional $476,143 per year

Spring Mountain Homeowners Association – Schwenksville, PA: Reallocated $1,244,977 to help the community earn an additional $1,965 per year

Harbor Town 1 Condominium – Haverstraw, NY: Reallocated $587,365 to help the community earn an additional $3,736 per year

Windsong POA – East Brunswick, NJ: Reallocated $149,452 to help the community earn an additional $1,316 per year

New City Condo Association – Nanuet, NY: Reallocated $307,261 to help the community earn an additional $3,785 per year

Ashburne Association – Minneapolis, MN: Reallocated $1,629,782 to help earn an additional $2,573 per year

Lake Hinsdale Village Condominium – Willowbrook, IL: Reallocated $687,345 to help earn an additional $3,417 per year

Hunter Mill Estates – Fairfax, VA: Reallocated $150,000 to help earn an additional $2,000 per year

Versailles Apartments – West New York, NJ: Reallocated $750,000 to help earn an additional $4,000 per year

The Lincoln Square Condominium – New York, NY: Reallocated $2,000,000 to help earn an additional $13,000 per year

2101 Cooperative – Philadelphia, PA: Reallocated $2,000,000 to help earn an additional $28,000 per year

147 Waverly Place – New York, NY: Reallocated $465,000 to help earn an additional $8,750 per year

Landmark Owners Corp. – New York, NY: Reallocated $1,000,000 to help earn an additional $11,000 per year

Sonoran Foothills – Phoenix, AZ: Increased portfolio’s average yield by over $26,000 (55% increase) and will assist with managing CD ladder

Wilmont Ranch – San Diego, CA: Increased portfolio’s average yield by 41% snd will assist with managing their CD ladder

Tract 53795 – Heather Ridge – Canyon Country, CA: Increasing portfolio’s average yield by over $21,000 (497% increase) and will assist with managing their CD ladder

Bergamo Condominium – Henderson, NV: Increasing portfolio’s average interest earned by over $6,000 (1,856% increase)

Creekside – Las Vegas, NV: Reallocated balances to increase portfolio’s average yield by 177%

Rhodes Ranch – Las Vegas, NV: Reallocating balances to increase portfolio’s average yield by over $92,000 (323% increase) and will assist with managing their CD ladder

Inverness – Houston, TX: Reallocated balances to increase portfolio’s average yield by 88%

Bayshore Villas HOA – Coconut Grove, FL: Insured all funds that were exposed and increase the annual interest from $3,600 to $9,800

Southern Pines – Winter Garden, FL: Increased annual interest from $18,000 to $34,000

Independence Community – Winter Garden, FL: Reallocated funds to increase the annual interest by $15,000

Las Olas Beach Club Condominium – Fort Lauderdale, FL: Increased annual interest by over $26,000 by moving funds to partner banks.

VBS Condominium – Lauderdale by the Sea, FL: Increased annual interest by $17,000 by moving funds to partner banks.

Insurance:

Artisan Condominium – Washington, DC: Broker partner marketed the account and saved the association over $6,000 (12%) at renewal with similar coverage and enhanced deductibles

Grand Hamptons II – Herndon, VA: Association moved to our exclusive HOA program with FS Insurance Brokers, saving over 28% in premium

Windsong of East Brunswick Condominium – East Brunswick, NJ: Partner broker negotiated terms with the incumbent carrier and presented over $17,000 (21%) in premium savings

HCC 83 / Ennisclaire on the Lake – Oakville, ON: New client received significantly increased coverage for $2,000 less than prior year

YRSCC 1325 / The Essential – Markham ON: For a slightly higher premium we were able to significantly increase coverage limits for this condo corporation

TSCC 2360 / Reflections Residences at Don Mills – Toronto, ON: Tripled the general liability coverage and double the D&O limits for this property for a similar premium to last year

HSCC 677 / Senses – Oakville, ON: Offered new coverages to this condo corporation such as Environmental Liability and Terrorism not offered by their current broker

TSCC 1883 / Europa – Toronto, ON: Our program offered much better coverage than their expiring policy for a similar premium

EPS2358 / Mackin Park – Vancouver, BC: The Strata Council chose FS Insurance Brokers program which included higher coverage limits, enhanced coverages and 0% financing (saving thousands in interest)

EPS3865 / The Museo – Vancouver, BC: Client received better coverage including significant enhancements on property insurance by choosing FS Insurance Brokers program

Flora Ridge – Kissimmee, FL: Saved $15,000 on insurance premium by moving to a Partner Agent

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