Case Study

Multifamily

19 of 29 Buildings Removed from SFHA

Coral Springs, FL

Image of Multifamily property for 19 of 29 Buildings Removed from SFHA

$365K+ Added in Property Value

Solutions Found:

LOMA

The nation's largest apartment owner was preparing to list a 29-building property in Coral Springs, FL for sale. Understanding the significance of maximizing asset value, they wanted to address a critical challenge that the property faced—its location in the flood zone and the associated flood insurance mandates. This multi-family property had 29 buildings in the flood zone with lenders mandating flood insurance policies on each of their 29 buildings which cost $33K+ in annual premiums, and this cost was projected to increase to $62,519 over the next four years. It was clear that a strategic solution was needed to unlock the property's true worth.

Enter National Flood Experts…NFE conducted an extensive initial review of the property, carefully examining every detail. Our analysis determined that nine (9) buildings could be successfully removed from the high-hazard flood zone. Our engineering team suggested a Field Expert Survey (FES), to gather precise, property-specific data. Recognizing the potential for a game-changing outcome, the property owners agreed to the FES. The FES not only confirmed the removal of the initial nine (9) buildings from the flood zone but also paved the way for an additional ten (10) buildings to qualify. In total, a staggering nineteen buildings were successfully removed, resulting in an annual savings of $21,876 in flood insurance premiums—a major win. Additionally, an increase of over $365,000 in property value was realized, positioning the property very well on the market.

NFE also provided the property owner with a comprehensive write-up, expertly detailing the property's improved flood zone situation. This resource proved to be a key asset in their marketing efforts, elevating their ability to attract discerning buyers.

At NFE, our dedication to delivering comprehensive assessments, innovative solutions, and unmatched flood expertise has again proven instrumental in transforming challenges into opportunities. By partnering with us, the property owner was able to unl

View Other Case Studies

Image of Multifamily property for CA Multifamily Property Saves $86K

$1.7MM in Added Property Value

CA Multifamily Property Saves $86K - Vacaville, CA

We have MASSIVE savings for you from the Golden State in Vacaville, CA. Imagine increasing the NOI of your multifamily asset by $86,000 annually. What would that mean for the financial performance of your investment?

Image of Residential property for $130K+ in Added Property Value Across TX Portfolio

$8K in Insurance Mandate Removed

$130K+ in Added Property Value Across TX Portfolio - Multiple, TX

See how NFE's expertise helped one of the largest Real Estate firms in South Texas explore options to reduce flood insurance premiums and add over $130K in property value to their portfolio of properties.

Image of Industrial property for Storage Facility in Hixson, TN Reduces Flood Insurance Premiums by $11.3K

$184K in Added Property Value

Storage Facility in Hixson, TN Reduces Flood Insurance Premiums by $11.3K - Hixson, TN

Read how National Flood Experts helped an industrial storage facility in Hixson, TN, achieve cost-cutting solutions and overcome financial strain caused by high flood insurance premiums. Through a comprehensive review process, NFE saved the client over $11,000 annually and increased their property value by $184,000. Discover how NFE's expertise and strategic recommendations transformed the client's financial position and set them up for long-term success.