The strong commercial real estate market and development growth in Bay County Florida continues. This combination brought together lender Summit Bank with closing agent Harrison Sale McCloy to close a syndicated loan for a 288-unit apartment complex project to be built at 7250 U.S. HWY 98 in Panama City Beach, Florida.
Records show that Harrison Sale McCloy Attorneys at Law prepared the mortgage and related loan documents to close the $25,600,000.00 loan covering the development with lender Summit Bank leading the financial coordination of work with four additional Florida banks. This 14-building complex is contracted to be built by Concept General Contracting, Inc. and the architect listed is BD/A Architects, Inc. both of San Antonio, Texas.
“Although there can be challenges with closings where there are so many different entities involved, good partnerships and experience certainly are the keys to successfully bringing all the pieces together,” says Franklin Harrison Founding Partner of HSMc. “It is exciting to see the commercial market in Northwest Florida excelling from Destin to Panama City with out of market investors and developers wanting to expand in this marketplace. It’s a good time to build here with the entrepreneurial and tech concentration catching.”
The deal closed in Panama City, Florida after several months of work between the five banks and the commercial real estate division of Harrison Sale McCloy.
About Harrison Sale McCloy Attorneys at Law
Founded in 1983, Harrison Sale McCloy Attorneys at Law is a full-service law firm with three offices in Northwest Florida. The HSMc areas of practice include Business & Commercial Law, Civil & Commercial Litigation, Employment Law, Health & Hospital Law, Insurance Defense, Local Government, Mediation and Dispute Resolution, Probate & Estate Planning, Real Estate & Land Use, Wealth Preservation. Firm locations include Panama City, Destin and Santa Rosa Beach, Florida. Additional information about the firm and attorneys may be found online: www.HSMcLAW.com
Harrison Sale McCloy Attorneys at Law is proud to announce the addition of DeAnna Turpen as Commercial Closing Manager & Title Supervisor to our real estate division.
Turpen has had a comprehensive career in all aspects of real estate. She has worked as a title agent, a real estate agent, an escrow and closings officer and as a community association manager, CAM. She started her career in 1984 in Bay County and after extensive experience will now lead a team of six that includes paralegals, closing agents and other support staff at Harrison Sale McCloy, HSMc.
“We are glad that we have DeAnna on our real estate team. She has over 30 years of experience and throughout her career she has consistently demonstrated expertise and dedication to lead closing teams and provided excellent customer service to clients,” said Franklin Harrison, Founding Partner and chair of the firm’s real estate department.
Turpen’s responsibilities will include managing the real estate departments and closings in all the HSMc Offices in Panama City, Santa Rosa Beach and Destin, Florida.
Harrison Sale McCloy Attorneys at Law has offices in Panama City, Santa Rosa Beach and Destin. Their areas of practice include Business & Commercial Law, Civil & Commercial Litigation, Employment Law, Family Law, Health & Hospital Law, Insurance Defense, Local Government, Mediation and Dispute Resolution, Probate & Estate Planning, Real Estate & Land Use and Wealth Preservation. Since 1984 Harrison Sale McCloy has represented and advised businesses, local government and individuals throughout Northwest Florida. For more information, visit www.HSMcLAW.com
PANAMA CITY OFFICE:
304 Magnolia Avenue
Panama City, FL 32402
Phone: (850) 769-3434
SANTA ROSA BEACH 30A OFFICE:
2050 County Highway 30A West, Suite M1-109
Santa Rosa Beach, FL 32459
Phone: (850) 650-0077
35008 Emerald Coast Parkway, Suite 500
Destin, FL 32541
Phone: (850) 650-0010
Franklin Harrison and Dion Moniz, shareholders of Harrison Sale McCloy Attorneys at Law (HSMc) and officers of Emerald Coast Title Services, LLC (ECTS), are pleased to announce that Emerald Coast Title Services has been certified as compliant with ALTA’s Title Insurance and Settlement Company Best Practices by an independent third-party. HSMc and ECTS’s offices are co-located at 35008 Emerald Coast Parkway, Suite 500, Destin, Florida and 2050 County Highway 30A West, Suite M1-109, Santa Rosa Beach, Florida.
For Immediate Release
Contact: President Dion Moniz
Emerald Coast Title Services
Emerald Coast Title Services receives American Land Title Association, ALTA, Best Practices Certification.
Destin, Florida (October 3, 2016) — Emerald Coast Title Services, ECTS, has been certified as compliant with ALTA’s Title Insurance and Settlement Company Best Practices by an independent third-party firm.
“We clearly understand the importance of becoming compliant with ALTA Best Practices and, as a title company, our agency takes compliance seriously. We could have elected to have a review only or an agreed upon procedure engagement but those are lower levels of assurance. Since our commitment is to go above and beyond, we elected to take the higher step of putting ourselves through a full examination,” according to ECTS President Dion Moniz.
“It was a time consuming process and a substantial investment in our infrastructure. This certification lets attorneys, lenders and property owners know that we are compliant in every way and that they can rely on us for excellence and fulfillment of our title responsibilities. We are proud of our team in Destin and on 30A.”
The Best Practices certification is designed to assure attorneys, lenders and property owners of a title agent’s compliance with laws as mortgage lenders continue to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 which was designed to protect consumers. Under Dodd-Frank banks are responsible for compliance with all consumer protection laws by third-party vendors, including title companies.
ECTS took part in the compliance program administered by Carr Riggs & Ingram, LLC., CRI, a certified public accounting firm. CRI Audit Partner Tim Fulmer outlines, “Less than 20% of companies who are ALTA certified have gone through the more robust examination which includes compliance readiness and initiated compliance testing. The certification is impactful in the Northwest Florida market as approximately 90% of title companies lack this certification in the markets served by ECTS. "
ALTA’s Best Practices certification checklist includes licensing, escrow accounting procedures, privacy and information security, settlement procedures, title policy production and delivery, professional liability insurance coverage, as well as the handling and resolution of consumer complaints.
The certificate of compliance and CPA attestation report was issued to ECTS on September 29, 2016 and is available for review at ECTS.com
About Emerald Coast Title Services: Since 1983, Emerald Coast Title Services has been the trusted authority on real estate closings and title services in Florida. We are a full-service firm that specializes in commercial, residential and condominium real estate closings, as well as acreage transactions. Emerald Coast Title Services has specialized in commercial, residential and condominium real estate closings, as well as acreage transactions since 1983 and is backed by the partners of the law firm, Harrison, Sale, McCloy. Our sister corporation, Redfish Exchange Services, is a qualified intermediary for 1031 exchange transactions. Emerald Coast Title Services has locations in Destin and in Santa Rosa Beach, Florida.
Harrison Sale McCloy Partners acquire Emerald Coast Title Services and announce officers
Northwest Florida (November 6, 2014)---The partners of Harrison Sale McCloy Attorneys at Law (HSMc) announce the acquisition of Emerald Coast Title Services, a full-service title insurance and real estate closing company in Santa Rosa Beach, Florida.
Founded in 1983, Emerald Coast Title Services (ECTS) has its main office in RedfishVillage on 30A with an additional closing office now at Grand Boulevard in Miramar Beach, FL. HSMc Partner, Dion J. Moniz has been named President of Emerald Coast Title Services and Of Counsel Attorney L. Paul Sirmans has been named Vice-President of ECTS.
“Our acquisition of this well established title company and our partnership with its outstanding staff marks the continuing commitment that we have to facilitating growth in the Northwest Florida corridor. Our reach is not only to gain new customers in new markets, but is also in response to following existing clients as they expand,” said Moniz.
The attorneys serving as officers of Emerald Coast Title Services have over 65 combined years of real estate experience.
Harrison Sale McCloy, Attorneys at Law has offices in Panama City and Miramar Beach, Florida. Their areas of practice include Business & Commercial Law, Civil & Commercial Litigation, Employment Law, Health & Hospital Law, Insurance Defense, Local Government, Mediation and Dispute Resolution, Probate & Estate Planning, Real Estate & Land Use and Wealth Preservation. For more information, visit www.HSMcLAW.com
EmeraldCoast Title Services has offices in Santa Rosa BeachFL and Miramar Beach, Florida. The areas of specialization are in commercial, residential, condominium, and acreage transactions. This includes real estate development of all types. Emerald Coast Exchange Services is a qualified intermediary for 1031 exchange transactions and has had a national presence in the 1031 exchange filed for over 20 years. www.ECTS.com
PANAMA CITY OFFICE:
P.O. Drawer 1579
Panama City, FL32402
Phone: (850) 769-3434
Fax: (850) 769-6121
495 Grand Blvd., Suite 206
Miramar Beach, FL32550
Phone: (850) 269-7218
Direct: (850) 269-7193
SANTA ROSA BEACH 30A OFFICE:
2050 County Highway 30A West
Santa Rosa Beach, FL32459
Fax: (850) 650-0011
Panama City, FL September 9, 2014—The partners of Harrison Sale McCloy Attorneys at Law have announced the acquisition of Emerald Coast Title Services in Santa Rosa Beach, Florida. Since 1983, Emerald Coast Title Services has worked with clients, agents and brokers in commercial, residential, condominium, land development and acreage real estate closings in the Okaloosa/Walton County region.
This acquisition compliments the legal services currently offered in this area by Harrison Sale McCloy.
Emerald Coast Title Services prides itself with having highly skilled and knowledgeable staff who provide exceptional customer service to its clients. Available office locations for closings include Santa Rosa Beach, Miramar Beach, and Destin, Florida, or on-site by request.