-- In Lee County, the developer of the 240-unit Mystic Gardens Condominium in Ft. Myers, which has seen monthly assessment income increase by 49% since bringing AFS on board to handle its accounts receivable, registering nearly double the monthly fee income for June-August 2009; -- In Palm Beach County, The Lands of the President Condo Association II, a 114-unit upscale condo community with a $73,000 monthly budget in West Palm Beach, which saw monthly maintenance fee revenue exceed 100% of the budgeted total and cash receipts increase by 178% within the first three months of hiring AFS; -- In Miami-Dade County, Aventi, a 180-unit waterfront town home community in Aventura just south of Turnberry Isle Country Club with a $75,000 monthly budget, which experienced a 24% increase in monthly assessment collections in its first year as an AFS client; -- In Miami-Dade County, a 160-unit waterfront tower near Miami Beach with a 53% delinquency rate, which received a $300,000 loan from AFS.Association Financial Services offers associations in all types of financial conditions a variety of services based on needs, including private money capital improvement loans, interest free revolving lines of credit, accounts receivable factoring, attorney cost deposit advances, other specialty loans, accounts receivable servicing & collections, loan work-outs, loan modification, and more. For more information on Association Financial Services, visit www.associationfs.com or call 305-677-0022. About Association Financial Services Association Financial Services, L.C. (AFS) specializes in providing specialty lending and financial services for condominium and homeowner associations throughout Florida, resulting in more effective property management, more efficient budgeting, reduced costs to the good paying owners, better financial management controls, better Board/Owner/Manager relations and improved owner satisfaction. AFS works with associations in all types of financial conditions. AFS suite of services includes: private money capital improvement loans, interest free revolving lines of credit, accounts receivable factoring, attorney cost deposit advances, other specialty loans, accounts receivable servicing & collections, loan work-outs, loan modification, and more. For more information, visit: www.associationfs.com
Contact Information: Media Contacts: Michael Tangeman / Alan Penchansky Tel: 305-529-1944 alan@thepengroup.com