Lending
$900,000: Girard Park East – Minnesota (Produced by Kim Schlauderaff)
$800,000: Mellen Bray House Condominium – Massachusetts (Produced by Amy Nutter)
$210,000: Summit Village – Pennsylvania (Produced by Christine Nicholson)
Cash Management
WP HOA – Rancho Cucamonga, CA (Assisted by Carmen Portola): Increasing portfolio’s average interest earned by over $4,000 (30% increase) and will assist with laddering their investments.
Lucent II HOA – San Diego, CA (Assisted by Hugo Munoz): Increasing portfolio’s annual yield by over 100%.
1299 Bush Street HOA – San Francisco, CA (Assisted by Natalie Valdez-Smith): Reallocating new client’s balances to insure portfolio and will increase portfolio’s annual interest by over $32,000.
Tempo HOA – Las Vegas, NV (Assisted by Victoria Lane): Increased portfolio’s average interest earned by over $13,000 (116% increase).
Villas of Fort Apache – Las Vegas, NV (Assisted by Kathryn Thompson): Increasing portfolio’s average interest earned by over $2,000 (105% increase).
PUD Emerald Forest HOA – San Antonio, TX (Assisted by Mona Schneider): Increased portfolio’s average interest earned by almost $7,000 (104% increase).
Briar Chapel – Charlotte, NC (Assisted by Lynn Wheeler): Reallocated the portfolio to help the association earn an additional $5,150 per year.
Providence Downs South – Charlotte, NC (Assisted by Lynn Wheeler): Reallocated the portfolio to help the association earn an additional $1,800 per year.
Goose Creek Estates – Ashburn, VA (Assisted by Candice Wade): Reallocated $1,339,651 to help the association earn an additional $1,248 per year.
Lake Wynonah – Auburn, PA (Assisted by Debra Davis): Reallocated $3,800,942 to help the association earn an additional $14,415 per year.
Evans Tower Condominium – New York, NY (Assisted by Michael Hess): Reallocated $2,000,000 in reserves to help the association earn an additional $5,000 per year.
200 East Tenants Corp – New York, NY (Assisted by Gloria D’Amura): Reallocated $1,000,000 in reserves to help the association earn an additional $2,000 per year.
Stonebridge Lofts – Minneapolis, MN (Assisted by Amanda Zenk): Reinvested maturing CD proceeds at above market rates to help the client earn an additional $3,000 per year.
100 Bellevue Place Condominium – Chicago, IL (Assisted by Teresa Lee): Invested $1,600,000 to help the client increase annual interest income by $33,000 per year.
Hampton Pointe Condominium – Reston, VA (Assisted by Todd Taylor): Reallocated $220,000 to generate an additional $1,300 per year in interest income.
Insurance
Downers Estates – San Jose, CA ((Assisted by Nicolas Gambino): Insurance team worked closely with manager and saved the association over $30,000 per year, equating to not only 20%+ in savings but much better, broader coverage.
555 Fulton – San Francisco, CA (Assisted by Natalie Valedez-Smith): This mixed-use location obtained several quotes prior to engaging FirstService Financial that did not include proper liability for potential exposures; after education and many discussions we brought the proper coverage, providing peace of mind at the right price.
Norwood Crossing Condominium Trust – Norwood, MA (Assisted by Laura Schmitt): Client obtained a savings of over $16,000 with similar coverage by moving to broker partner.
Chancery Square – Fairfax, VA (Assisted by Christine Loveless): The association received a savings of 67% with similar coverage by moving to partner broker at renewal.
Quince Orchard Park I – Gaithersburg, MD (Assisted by Staci Gelfound): The association received significantly better Liability coverage and also Extended Replacement Cost for Property coverage by moving to partner agent for the same premium.
Silo Point Condominium – Baltimore, MD (Assisted by Chris Petrik): Partner broker negotiated a savings of $14,000 at renewal with the incumbent package carrier.
Park at Courthouse – Arlington, VA (Assisted by Shalonda Jones): Client obtained savings of $38,000 (58%) with enhanced coverage by moving to broker partner at renewal; went from non-admitted carriers to an admitted Package carrier, reduced water damage deductible from $100,000 to $50,000, removed General Liability deductible and now has Flood & Earthquake coverage that was previously excluded.
Northridge Village HOA – Phoenixville, PA (Assisted by Roger Maciak): The account renewed with a partner broker and a savings of $2,328 and additional D&O and Crime coverages. The Association now has a $5M Umbrella policy and Workers’ Compensation coverage.