Case Study

Multifamily

17 of 21 Buildings Removed from SFHA

Mobile, AL

Image of Multifamily property for 17 of 21 Buildings Removed from SFHA

$50K+ in total savings

Solutions Found:

LOMA

NFE was successful in qualifying 17 of 21 multifamily buildings in Mobile, AL for removal from the SFHA, resulting in nearly $50K NOI increase for the property owners.

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$1.75MM+ in Added Property Value

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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.