INSURANCE PLACEMENTS
Brickell House Condominium – Miami, FL: Partner agent was able to save the association over $29,000 while lowering the Hurricane deductible from 3% to 2%
Il Villaggio Condominium – Miami Beach, FL: By renewing the insurance program with our partner agent, the association realized over $54,000 in savings and lowered their Hurricane deductible from 3% to 2%
Brewerytown Square Condominium – Philadelphia, PA: Broker partner saved the association over $20,000 by marketing the account to several carriers
Renaissance on the Ocean – Long Branch, NJ: Client obtained 68% in premium savings over the past 2 years by moving to broker partner; saved $55,000 in 2016 and $19,000 this year, totaling $74,000 in savings overall
Riverview Towers Apartments – Red Bank, NJ: Partner broker significantly improved the Wind/Hail, Named Windstorm and Water Damage deductibles in addition to saving the client over $26,000 in premium.
Litchfield Plantation – Pawleys Island, SC: Insurance review requested by the manager revealed that property coverage needed to be placed; broker partner was able to bind adequate coverage prior to the hurricane moratorium
Woodlake Towers Condominium – Falls Church, VA: Client received $60,000 in premium savings with better Earthquake, D&O, and Crime deductibles by switching to broker partner
Chelsea Square Condominium – Morganville, NJ: Broker partner added value by placing adequate policies for this new acquisition
LOANS CLOSED
$1,180,000: Philip House – New York, NY
$1,130,000: Exhibit Private Residences – Toronto, ON
$1,000,000: Village Townhomes – Chicago, IL
$861,000: The Boerum – New York, NY
$850,000: Mississippi Flats – St. Paul, MN
$580,000: 235 West 71st Condominium – New York, NY
CASH MANAGEMENT
The Peninsula Condominium – Aventura, FL: Increased annual interest income by $6,200 while adding FDIC-protection to over $4,000,000 of funds
Harbour Pointe at Perdido Key – Perdido Key, FL: Bank analysis approved by board, increasing the association’s return by $5,000
Oceanview Building A – Sunny Isles, FL: The Board approved our banking recommendation and their annual interest yield will increase by over $7,000
Bella Ventana– Orange County, CA: Helped association increase portfolio’s average yield by 49% by rebalancing their accounts
Quail Ridge – Las Vegas, NV: Helped association increase portfolio’s average yield by 100% by rebalancing their accounts
Mountainbrook Village – Gold Canyon, AZ: Increased the association’s annual interest earned by over $15,000 and will assist with managing their CD ladder
Mira Lagos – Grand Prairie, TX: Increased the association’s annual interest earned by over $7,000 and will assist with managing their CD ladder
Timarron Lakes – Tomball, TX: Helped association increase portfolio’s average yield by 297% and will assist with managing their CD ladder
The Doric Apartment Corp. – Union City, NJ: Ensured FDIC-insurance coverage by reallocating $2,200,00 in reserve funds
Carlton Regency – New York, NY: Reallocated $2,500,000 in reserve balances to earn client an additional $17,562 per year
250 Tenants Corp – New York, NY: Reallocated $750,000 in reserve balances to help them earn an additional $7,263 per year
38-50 West 9th Street – New York, NY: Reallocated $720,000 in reserve balances to help them earn an additional $5,916 per year
Del Webb at Lake Providence – Mt. Juliet, TN: Reallocated $800,000 in reserve balances to help them earn an additional $4,158 per year
Watergate at Landmark – Alexandria, VA: Reallocated $3,000,000 in reserve balances to help them earn an additional $42,000 per year
Applecross – Downingtown, PA: Reallocated $700,000 in reserve balances to help them earn an additional $4,804 per year
Village on 9 Mile Creek – Bloomington, MN: Reallocated $1,289,000 in settlement funds into fully insured accounts, earning client an additional $1,913 per year.
River House Condominium – Boston, MA: Reallocated $692,662 in reserve balances to earn client an additional $1,803 per year
Norwood Crossing Condo – Norwood, MA: Reallocated $394,600 in reserve balances to earn client an additional $1,997 per year
Beachfront North Condo – Long Branch, NJ: Reallocated $699,388 in reserve balances, earning an extra $2,577 per year
North Ridge Estates – Norristown, PA: Reallocated $833,839 in reserve balances, increasing their interest income by 10%
White Hall Foundation – Williamsburg, VA: Reallocated $518,557 in reserve balances to earn an additional $2,534 per year