LOMA
Helping our clients save $ is always fulfilling, but assisting a YMCA in saving $18,000 per year on insurance premiums was especially satisfying!
After heading up to Connecticut & completing an on-site Flood Expert Survey, our engineering team obtained a Letter of Map Amendment from FEMA, removing flood insurance mandates for this nonprofit YMCA. That's $18,000 back to their bottom line and back into programs + initiatives to support their community!
NFE reviewed 84 Lumber’s entire portfolio and uncovered $175,000+ across 13 states. Be sure to check out our inaugural episode of In the Zone to hear the full story!
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 $17.5 million in increased property value.
Discover how a multifamily property owner in Dover, DE, eliminated the need for flood insurance coverage while maximizing their refinance. NFE’s engineering review helped the owners overcome restrictions while also increasing property value.