Case Study

Multifamily

$59K Portfolio Savings in Virginia

Pembroke, Pulaski, VA Beach, VA

$59,000 NOI Increase

Solutions Found:

LOMA

Insurance Consulting

A multifamily success story in Virginia resulted in ≈ a $59,000 NOI increase. We say that the dollars are in the details & this project certainly proves our point!

Our team reviewed 13 multifamily buildings across three properties for a client in Virginia; after completing a Flood Expert Survey, our engineers analyzed data to:

Remove flood insurance mandates of four (4) buildings via LOMA
Significantly reduce the annual flood insurance premium via rating improvement for four (4) additional buildings.

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≈$178K in Property Value Added

LOMA Success for a Multifamily Property Clipped by a Floodway - Buckhannon, WV

Learn how National Flood Experts helped a multifamily property owner pulled into the SFHA by a map update achieve LOMA success, save $10,700 in annual premiums, and increase the value of their property by more than $178,000.

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$1.75MM+ in Added Property Value

NJ & NY Multifamily Properties Save $105K+ - Multiple, NY

In this case study, a New Jersey-based Commercial Real Estate Developer partnered with National Flood Experts (NFE) to reduce annual flood premiums and increase the property value of their multifamily properties in NJ & NY. NFE successfully removed flood insurance mandates from 15 buildings, resulting in approximately $105,000 in annual cost savings and over $17.5 million in increased property value.

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$120,000 in Added Property Value

Lender Mandates Removed For A Multifamily Building in Oklahoma City, OK - Oklahoma City, OK

Discover how NFE successfully removed a multifamily building in Oklahoma, OK, from a complex A flood zone. After conducting a thorough Flood Expert Survey, we obtained FEMA's approval for a LOMA, saving the client nearly $7,200 per year on flood insurance and boosting property value by approx. $120,000.