Case Study

Multifamily

Chicago Multifamily Dodges $75k/year Bullet

Chicago, IL

Image of Multifamily property for Chicago Multifamily Dodges $75k/year Bullet

$75K Lender Mandate Removed

Solutions Found:

LOMA

Solution Value: $75,000

NFE Solution: Letter of Map Amendment

What happens when your property gets mapped into a Special Flood Hazard Area (SFHA)? Typically, the lender will require flood insurance if there is a loan on the property, and that added expense is never a welcome surprise to property owners!

After being newly mapped into an SFHA, their lender alerted a Chicago property that they had 45 days to place flood, total replacement cost, and business income insurance. Quotes were coming back at nearly $75,000/year. Talk about sticker shock!

View Other Case Studies

Image of Industrial property for Storage Facility in Hixson, TN Reduces Flood Insurance Premiums by $11.3K

$184K in Added Property Value

Storage Facility in Hixson, TN Reduces Flood Insurance Premiums by $11.3K - Hixson, TN

Read how National Flood Experts helped an industrial storage facility in Hixson, TN, achieve cost-cutting solutions and overcome financial strain caused by high flood insurance premiums. Through a comprehensive review process, NFE saved the client over $11,000 annually and increased their property value by $184,000. Discover how NFE's expertise and strategic recommendations transformed the client's financial position and set them up for long-term success.

Image of Multifamily property for $11K in Premium Savings Realized in 5 Days for GA Multifamily Property

$187,000+ Added Property Value

$11K in Premium Savings Realized in 5 Days for GA Multifamily Property - Thomasville, GA

Discover how National Flood Experts resolved a flood zone impact for a multifamily property in Thomasville, GA, in only 5 Days. NFE's swift solution eliminated lender mandates for NFIP and excess flood insurance, providing immediate relief from high insurance costs. The result? Over $11,000 in annual flood insurance savings and $187,000+ in added property value.

Image of Commercial property for Lahaina, HI Property Saves $73K

$73K NOI Increase

Lahaina, HI Property Saves $73K - Lahaina, HI

In gorgeous Lahaina, HI, on the island of Maui, our team identified ≈ $73,000 in cost savings for a commercial property less than a stone's throw from the shores of the Pacific Ocean.