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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Flood Insurance Mandates Removed

NH Homeowner Relieved of Rising Flood Insurance Costs - Bedford, NH

A homeowner in Bedford, NH, faced skyrocketing flood insurance premiums, nearly doubling their mortgage payments. They sought relief and their insurance agent recommended NFE as a trusted partner. NFE conducted a complimentary engineering review, qualifying the property for a LOMA. NFE assisted throughout the FEMA submission process, addressing RFIs and ensuring smooth progress. The homeowner obtained a LOMA, eliminating the need for flood insurance, improving property value and marketability.

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$500K+ in Added Property Value

11 of 15 Buildings Removed from Flood Zone - Lakewood, WA

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Image of Land property for Utah Property Successfully Reclassified to X Zone

5 Bldgs. Reclassified from SFHA

Utah Property Successfully Reclassified to X Zone - Hurricane, UT

Explore how a Hurricane, UT, property (Duplex, 3 Sheds, 1 Storage structure, and the land!) were reclassified to an X-zone, removing lender mandates for flood insurance and increasing property value significantly.