Case Study

Multifamily

$59K Portfolio Savings in Virginia

Pembroke, Pulaski, VA Beach, VA

Image of Multifamily property for $59K Portfolio Savings in Virginia

$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 Residential property for Lender Mandate Lifted for Homeowner in Minnesota

A-Zone LOMA Success

Lender Mandate Lifted for Homeowner in Minnesota - Afton, MN

Discover how NFE helped a single-family homeowner in Afton, MN, remove the lender mandate for flood insurance on their home and detached garage via a Letter of Map Amendment (LOMA).

Image of Multifamily property for Lender Mandates Removed For A Multifamily Property in Spartanburg, SC

$228,000 in Added Property Value

Lender Mandates Removed For A Multifamily Property in Spartanburg, SC - Spartanburg, SC

National Flood Experts (NFE) delivered substantial savings for a multifamily property owner in Spartanburg, South Carolina. Utilizing advanced research and practical solutions like Flood Expert Survey (FES) and Letter of Map Amendment (LOMA), NFE successfully removed four buildings from the Special Flood Hazard Area. This led to nearly $14,000 in annual flood insurance savings and an impressive $228,000+ boost in property value.

Image of Multifamily property for NJ & NY Commercial Real Estate Developer Saves $105K+

$1.75MM+ in Added Property Value

NJ & NY Commercial Real Estate Developer Saves $105K+ - Multiple, NJ

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 $1.75 million in increased property value.