LOANS CLOSED
$3,475,000: James Monroe Owners, Inc. – Forest Hills, NY
$850,000: Galleria – Edina, MN
$600,000: Grand Cove II Condominium – Edgewater, NJ
$300,000: Riss Lake Community Association – Kansas City, MO
$146,000: Condos at Lake Harriet I – Minneapolis, MN
$117,848: Summerhill Association – Bloomington, MN
CASH MANAGEMENT
The Keys Condominium – Las Vegas, NV: Increased portfolio’s average yield by 517% by rebalancing client’s accounts
Mission Ranch Master– Riverside, CA: Increased annual interest earned by over $4,000 and will assist with managing CD ladder
Rancho Del Rey – Chandler, AZ: Increased association’s annual interest by over $8,000 and will assist with managing CD ladder
Saddle Creek – San Antonio, TX: Helped association increase portfolio’s average yield by 267% by rebalancing their accounts
Point Bluff – San Antonio, TX: Increased associations’s average yield by 388% and will assist with managing their CD ladder
MetroClub Condominium Association – Philadelphia, PA: Reallocated $817,823 in reserve balances to earn an additional $2,396 per year
Cliff Towers – Palisades Park, NJ: Reallocated $331,773 in reserve balances to earn client an additional $711 per year
Society Hill at Kilmer Woods Village II – Mahwah, NJ: Reallocated $777,888 in reserve balances to help earn an additional $1,570 per year
Chesapeake Harbour | Town Home Village – Annapolis, MD: Reallocated $584,728 in reserve balances to increase interest income by 7%
Chesapeake Harbour | Marina Village – Annapolis, MD: Reallocated $167,888 in reserve balances to help client increase their interest income by 17%
Manor at Heritage Woods – Old Bridge, NJ: Reallocated $279,484 in reserve balances to increase annual interest income by 61%
Olde Towne Homeowners Association – Branchburg, NJ: Reallocated $581,135 in reserve balances to earn an additional $4,565 per year
Chesapeake Harbour | Second Village Condo – Annapolis, MD: Reallocated $239,256 in reserve balances to earn client an additional $887 per year
St. Tropez Condominium – New York, NY: Reallocated $4,000,000 in reserves to provide deposit insurance coverage and help client earn an additional $18,000 per year
15th Place Condominium – Chicago, IL: Reallocated $1,700,000 in reserve balances to earn an additional $9,871 per year
50 Lefferts Tenants Corp. – New York, NY: Reallocated $500,000 in reserve balances to help earn an additional $2,734 per year
The Plaza Condominium – New York, NY: Reallocated $5,000,000 to provide deposit insurance coverage on their reserve portfolio
Maxwell Place Condominium – Hoboken, NJ: Reallocated $1,500,000 in reserve balances to earn client an additional $4,300 per year
Royal York Owners Corp – New York, NY: Reallocated $2,500,000 in net refinancing proceeds to earn additional $25,000 annually
91 Payson Avenue Owners Corp. – New York, NY: Reallocated $600,000 in net refinancing proceeds to increase annual interest income by $5,000
L’Ambiance – Boca Raton, FL: Reduced the association’s FDIC exposure while increasing the annual interest from $4,300 to $11,900
50 Biscayne – Miami, FL: Reallocated over $1,200,000 in reserve balances to increase annual interest return by $9,500
INSURANCE PLACEMENTS
Click here to read more about this month’s Spotlight: Signal Hill Condo – Fort McMurray, AB
Beachview Condo Owners – Destin, FL: Broker partner was able to correct missing coverages while still saving the client 12% over the expiring premium
Bayland Condominium – Harve de Grace, MD: Client received overall enhanced coverage with Extended Replacement Cost, broad D&O and Umbrella coverage and an improved Water Damage Deductible while obtaining over 12.5% in premium savings by moving to partner agent at renewal
Villages at Country Woods Condo Assoc. – East Brunswick, NJ: Broker partner successfully negotiated two consecutive annual policy renewals by leveraging strong relationships with two different insurance carriers, which resulted in an overall two year premium savings of 12%