Case Study

Multifamily

Multifamily Property Removed from SFHA Prior to Renewal

La Porte, TX

Image of Multifamily property for Multifamily Property Removed from SFHA Prior to Renewal

$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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Image of Multifamily property for Chicago Multifamily Dodges $75k/year Bullet

$75K Lender Mandate Removed

Chicago Multifamily Dodges $75k/year Bullet - Chicago, IL

Our team flew up to the Windy City, gathered pertinent site-specific data, and successfully petitioned FEMA for a Letter of Map Amendment (LOMA). With the LOMA in hand, the lender mandates were removed, and the client dodged a $75k/year bullet!

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$40.5K NOI Increase

Property Management Company Increases NOI by $40.5K - New Orleans, LA

This Multifamily property got a major NOI boost in The Big Easy, adding $40,511 back to the property's operating budget!

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$23K in Premium Savings

Maryland Yacht Club Saves $23K - Annapolis, MD

A Yacht Club in Annapolis, MD was alerted by the NFIP that their flood insurance policy was being non-renewed & they were shocked when the private carrier quote came in at $30,000+ annually. Their Insurance Agent called National Flood Experts to see if we could assist & our team went to work and provided $23K in Premium Savings.