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.

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$110K in Premium Savings

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

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$48,000 NOI Increase

MD Multifamily Property - $48K NOI Increase - Dundalk, MD

A 60 building property just outside of Baltimore, MD, saved $48,000 in flood insurance premiums after our engineering review qualified 11 buildings for removal from the flood zone, removing the lender mandate for flood insurance.

Image of Multifamily property for LOMA Success for Randolph, MA, Affordable Housing Community

≈$123K in Property Value Added

LOMA Success for Randolph, MA, Affordable Housing Community - Randolph, MA

Explore how National Flood Experts helped an affordable housing community in Randolph, MA, increase the value of their property by nearly $137,000, remove lender mandates for several buildings, and improve annual NOI by $7,300+. Through NFE’s comprehensive engineering review, three buildings were successfully removed from the high-risk “A” flood zone.