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.

View Other Case Studies

Image of Multifamily property for Flood Mandates Lifted for a Multifamily Property in Indianapolis

$84,000 in Added Property Value

Flood Mandates Lifted for a Multifamily Property in Indianapolis - Indianapolis, IN

A multifamily property in Indianapolis clipped by the flood zone sought ways to reduce flood insurance premiums. Their insurance broker contacted NFE to explore solutions. NFE conducted a Flood Expert Survey and secured a LOMA to reclassify the property into an X Zone, removing the flood insurance mandate, resulting in annual premium savings and an $84K property value increase. The insurance broker's collaboration & NFE's proactive approach achieved financial savings & added property value for the Client.

Image of Multifamily property for Wisconsin Multifamily Property Successfully Removed from SFHA

$175K in Added Property Value

Wisconsin Multifamily Property Successfully Removed from SFHA - Fond du Lac, WI

NFE successfully reclassified an entire Multifamily property in Fond du Lac, WI out of the high-hazard flood zone. Resulting in $11K year-over-year flood insurance savings and improving the property value by $175K!

$1.8MM+ in Added Property Value

Over $110,000 Reduction in Flood Insurance Premiums, Resulting to $1.8MM+ in Added Property Value - San Jose, CA

Read how NFE helped a commercial real-estate portfolio save over $110,000 in premiums and increase property value by $1.8+ million across several retail & hotel properties in Hawaii and California.