LOANS CLOSED
$13,700,000: 2077 Tenants Corp. – Fort Lee, NJ
$3,000,000: Copper Ridge Condominium – Charlotte, NC
$2,200,000: River Station Condominium – Minneapolis, MN
$2,000,000: Marlborough Condominium Association – Chicago, IL
$285,000: Summit Village Condominium – Hidden Valley, PA
CASH MANAGEMENT
Bridgeview Owners Assoc. – San Francisco, CA: Placed $8.2 million in settlement funds to an insured account and will assist with laddering the funds upon determination of construction project schedule
Treviana at Lomas Verdes HOA – Chula Vista, CA: Placed $2.2 million in settlement funds to insured accounts and will assist with laddering the funds upon determination of construction project schedule
Savannah at Harveston Owners Assoc. – Murrieta, CA: Increased annual portfolio yield from $149 to $3,671
Preserve Master Community Corp. – Chino, CA: Recommendation lead to 106% increase in yearly interest income
Northshores Owners Assoc. – Las Vegas, NV: Recommendation lead to 179% increase in annual portfolio yield
The Crossings – Minneapolis, MN: Moved balances to partner banks, resulting in an additional $1,500 of annual interest income
Haven at New Riverside Community Assoc, Inc. – Bluffton, SC: Reallocated $1 million in reserve portfolio to increase interest income by over $1,700 per year
Landmark Owners Corp. – New York, NY: Placed $5 million in net refinancing proceeds to earn client additional $20,000 per year in income
Ladysmith Community Assoc, Inc. – Ruther Glen, VA: Reallocated reserve portfolio to help client earn an additional $1,400 per year in interest income
Toscano Condominium – Miami, FL: Assisted client to increase annual interest yield by $2,000
Independence COA – Altamonte Springs, FL: FDIC-insured all deposits and increased interest income by $5,400 per year
INSURANCE PLACEMENTS
Crown Shores – Calgary, AB: Saved over $42,000 (nearly 40%)annually and provided better coverage by quoting their insurance renewal through partner broker
500 4th Avenue Condominium – New York, NY: Saved the client $6,000 and provided enhanced coverages
Renaissance on the Ocean – Long Branch, NJ: Property Manager implemented FS Insurance protocol, driving a competitive bid process for all brokers, and delivered enhanced coverage with over $55,000 in savings as compared to expiring coverage
Alexandria House – Alexandria, VA: New client had previously been unable to obtain alternative proposals; Property Manager requested a program review, and FS Insurance delivered over $18,000 in savings on annual premiums with increased coverage
Park at Courthouse – Arlington, VA: Last minute quote request resulted in $16,000 in premium savings to client
Spiaggia Ocean Condominium – Surfside, FL: In addition to providing insurance renewal savings of $18,307, our partner agent was able to lower the hurricane deductible from 5% to 3%
Il Villaggio on South Beach – Miami Beach, FL: Partner agent delivered savings of $24,000 for the insurance renewal