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 Multifamily Property Saves $25K+

$400,000 in Added Property Value

Multifamily Property Saves $25K+ - Chesapeake, VA

NFE saves Chesapeake, VA multifamily property $25K+ in insurance expenses and increases property value with comprehensive FES and FEMA-approved building removal via LOMA. Boost NOI and property value with NFE's flood expertise.

Excess Flood Insurance Requireme

Excess Flood Insurance Requirement Eliminated for DE Multifamily Property - Dover, DE

Explore how a Dover, DE, multifamily property eliminated excess flood insurance requirements, added property value, and reduced annual flood insurance expenses thanks to NFE's comprehensive engineering review and Flood Expert Survey (FES). NFE's analysis, supported by on-site data collected during the FES, qualified 3 of 4 buildings for removal from the high-risk flood zone, eliminating the lender mandate for flood insurance for those three buildings and eliminating the excess flood insurance requirement.

Image of Multifamily property for Multifamily Property in Salem, NJ, Achieves $7.5K NOI Boost

$125K in Added Property Value

Multifamily Property in Salem, NJ, Achieves $7.5K NOI Boost - Salem, NJ

Discover how a multifamily property in Salem, NJ, achieved a $7.5K NOI boost. With expert guidance from NFE, the property's three buildings were removed from the Special Flood Hazard Area (SFHA), resulting in significant annual premium savings and increased property value.