Case Study

Commercial

National Hotel Portfolio Saves $53K in Premiums

Miami & Marathon, FL

$670K in Added Property Value

Solutions Found:

LOMA

Solution Value: Over $53K in Lender Mandated Flood Insurance Premiums Removed

NFE Solution: LOMA (Letter of Map Amendment)

A Hotel portfolio with locations across the US saved more than $53K in flood insurance premiums adding ≈ $670K in property value (assuming an 8% CAP rate). A HUGE win for the client!

NFE reviewed 22 hotels in the client’s portfolio across the country and was successful in qualifying 15 hotels for a LOMA. These solutions resulted in the removal of lender mandates for flood insurance for these properties. These solutions boosted the value of the portfolio significantly and dramatically reduced annual flood premiums by the thousands.

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≈$137K in Property Value Added

Affordable Housing Community Wins Big - Brewster, MA

Learn how National Flood Experts helped a property management client increase the value of their multifamily affordable housing property in Brewster, MA, by nearly $137,000. Through NFE’s comprehensive engineering review, three buildings were successfully removed from the high-risk “A” flood zone, eliminating the lender mandate for flood insurance and decreasing annual expenses by $8,000+ while increasing property value.

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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.

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$84,000 in Added Property Value

Flood Mandates Lifted for a Multifamily Property in Indianapolis - Indianapolis, IN

A multifamily property in Indianapolis clipped by the flood zone sought ways to reduce flood insurance premiums. Their insurance broker contacted NFE to explore solutions. NFE conducted a Flood Expert Survey and secured a LOMA to reclassify the property into an X Zone, removing the flood insurance mandate, resulting in annual premium savings and an $84K property value increase. The insurance broker's collaboration & NFE's proactive approach achieved financial savings & added property value for the Client.