Case Study

Multifamily

Multifamily Property Removed from SFHA Prior to Renewal

La Porte, TX

$130K + in Added Property Value

Solutions Found:

LOMA

Solutions Value: ≈$8K in Flood Insurance Mandates Removed | $130K in Added Property Value

NFE Solutions: LOMA (Letter of Map Amendment)

The NFE team recently completed a time-sensitive project for a multifamily property in La Porte, TX, which involved obtaining Letters of Map Amendment (LOMA) for four buildings. To our delight and that of the client, FEMA approved the LOMA application within 48 hours of submission, allowing our clients to cancel their flood policies without incurring renewal expenses.

This project's success is a testament to NFE's unwavering dedication to delivering exceptional customer service and meeting tight deadlines. Trust NFE to deliver outstanding results, even with challenging timeframes!

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Excess Flood Insurance Requireme

Excess Flood Insurance Requirement Eliminated for DE Multifamily Property - Dover, DE

Explore how a Dover, DE, multifamily property eliminated excess flood insurance requirements, added property value, and reduced annual flood insurance expenses thanks to NFE's comprehensive engineering review and Flood Expert Survey (FES). NFE's analysis, supported by on-site data collected during the FES, qualified 3 of 4 buildings for removal from the high-risk flood zone, eliminating the lender mandate for flood insurance for those three buildings and eliminating the excess flood insurance requirement.

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

$365K+ Added in Property Value

19 of 29 Buildings Removed from SFHA - Coral Springs, FL

On a rushed timeline due to an upcoming sale, NFE's flood experts helped the nation's largest multi-family property owner save ≈$22K in annual flood insurance premiums while also adding $365K in property value for a 29-building property in Coral Springs, FL. NFE’s field work and engineering review maximized cost savings and helped the current and future owners avoid costly premium hikes on the horizon.

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$75K in Added Property Value

Multifamily Property Adds $75K in Value - Texarkana, AR

Learn how National Flood Experts helped a client increase the value of their multifamily property in Texarkana, AR, by $75,500. Through NFE’s comprehensive engineering review, one building was successfully removed from the high-risk flood zone, eliminating the lender mandate for flood insurance and decreasing annual expenses by $4,500+ while also increasing property value.