Case Study

Multifamily

Wisconsin Multifamily Property Successfully Removed from SFHA

Fond du Lac, WI

$175K in Added Property Value

Solutions Found:

Flood Expert Survey

LOMA

Solutions Value: $11K Year Over Year Savings, Adding $175K in Property Value

NFE Solutions: FES, LOMA

National Flood Experts (NFE) helped a Multifamily estate in Fond du Lac, WI get out of the Special Flood Hazard Area (SFHA), resulting in significant flood insurance savings and improved property value. The property owner had been looking for ways to remove lender-mandated flood insurance for years and was thrilled when NFE thought it was possible. A Flood Expert Survey (FES) was required to collect property-specific data to present to FEMA. Following the FES, NFE's engineering team qualified the entire 9-building property for removal from the SFHA via Letter of Map Amendment (LOMA).

NFE worked with the client every step of the way to ensure the mandate removal process with the lender was approved for the entire property, and now, thanks to NFE's expertise, the client is enjoying $11K year-over-year flood insurance savings, with an improved property value of $175K!

NFE's ability to work through challenges, creatively approach problems, and efficiently navigate the FEMA submission process has resulted in significant cost savings and overall improvement for property owners.

View Other Case Studies

Image of Multifamily property for Multifamily Property in Hampton, VA Improves NOI by $11K+

$185,000 in Added Property Value

Multifamily Property in Hampton, VA Improves NOI by $11K+ - Hampton, VA

Get cost-cutting strategies for your flood zone properties. Read how National Flood Experts helped a client save over $11K annually in flood insurance premiums and added $185K in property value following their complimentary engineering review and Flood Expert Survey.

Image of Multifamily property for LOMA Success for Randolph, MA, Affordable Housing Community

≈$123K in Property Value Added

LOMA Success for Randolph, MA, Affordable Housing Community - Randolph, MA

Explore how National Flood Experts helped an affordable housing community in Randolph, MA, increase the value of their property by nearly $137,000, remove lender mandates for several buildings, and improve annual NOI by $7,300+. Through NFE’s comprehensive engineering review, three buildings were successfully removed from the high-risk “A” flood zone.

Image of Multifamily property for Property Owner in Texarkana Trims Year-Over-Year Flood Insurance Premiums by $10K

$10K Year-Over-Year Savings

Property Owner in Texarkana Trims Year-Over-Year Flood Insurance Premiums by $10K - Texarkana, TX

Discover how NFE helped a property owner in Texarkana, TX, overcome high flood insurance premiums. Through a comprehensive Flood Expert Survey (FES) and expert analysis, NFE successfully obtained a Letter of Map Amendment (LOMA), resulting in a yearly savings of approximately $10,000 and an increased property value of $167,000. Experience our expertise in flood risk management and effective solutions for tangible benefits.