Case Study

Condominium

16 of 18 Buildings Removed from SFHA

Palm Harbor, FL

Image of Condominium property for 16 of 18 Buildings Removed from SFHA

$174K in Annual Budgetary Saving

Solutions Found:

LOMA

Solutions Value: $174K flood insurance premium savings

NFE Solutions: LOMA

A condominium community in Palm Harbor, FL, was facing hefty rate increases on their flood insurance costs; the property had never experienced flood issues, and the Condo Board was interested in exploring ways to reduce this significant budgetary expense.

The Board's insurance agent introduced them to National Flood Experts, whose comprehensive engineering review and on-site data collection qualified 16 of 18 buildings for removal from the Special Flood Hazard Area (SFHA) through Letter of Map Amendment (LOMA).

The project resulted in a HUGE win for the Board, reducing the communities annual flood insurance expense by $174,000!

View Other Case Studies

Image of Multifamily property for Refinancing Saved, Excess Flood Insurance Mandate Removed, and $1MM+ in Property Value Added for Terre Haute, IN, Multifamily Property

$1MM+ in Added Property Value

Refinancing Saved, Excess Flood Insurance Mandate Removed, and $1MM+ in Property Value Added for Terre Haute, IN, Multifamily Property - Terre Haute , IN

Discover how a multifamily property owner in Terre Haute, IN, maximized refinancing and eliminated the need for excess flood insurance coverage. NFE’s engineering review helped the owners overcome restrictions, increase property value by a staggering $1MM+, and increase NOI by $65,250 annually - all in just under two weeks!

Image of Land property for Unlocking Potential: Transforming a Flood-Zone Property into a Lucrative Investment Opportunity

NFE Transforms Land Investment

Unlocking Potential: Transforming a Flood-Zone Property into a Lucrative Investment Opportunity - Buda, TX

Through meticulous assessment and expertise, National Flood Experts successfully confirmed the removal of 20.1 acres from the flood zone, effectively doubling the developable acreage of a parcel in Buda, TX. This game-changing solution not only increased the property value but also played a pivotal role in broadening the buyer pool.

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.