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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In Tucson, AZ, a client had $5,500 per year in flood insurance expenses on two apartment buildings in the AE flood zone. SPOILER ALERT: Not anymore.