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.

View Other Case Studies

Image of Multifamily property for Cold Call Results in $116K Property Value Increase for Multifamily Owner

$116K in Added Property Value

Cold Call Results in $116K Property Value Increase for Multifamily Owner - Colorado Springs, CO

Explore how National Flood Experts helped a client increase the value of their multifamily property in Colorado Springs, CO by more than $116,000. Through NFE’s comprehensive engineering review, the building was successfully removed from the high-risk flood zone, eliminating the lender mandate for flood insurance and decreasing annual expenses by nearly $7,000 while also increasing property value.

Image of Residential property for NH Homeowner Relieved of Rising Flood Insurance Costs

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.

Image of Multifamily property for Multifamily Property Saves $25K+

$400,000 in Added Property Value

Multifamily Property Saves $25K+ - Chesapeake, VA

NFE saves Chesapeake, VA multifamily property $25K+ in insurance expenses and increases property value with comprehensive FES and FEMA-approved building removal via LOMA. Boost NOI and property value with NFE's flood expertise.