Case Study

Multifamily

Houston Multifamily Property Saves Over $31K in Premiums

Houston, TX

$500,000 in Added Property Value

Solutions Found:

Flood Expert Survey

LOMA

Solutions Value:≈$31K in Lender Mandates Removed, Adding $500,000 in Property Value

NFE Solutions: FES; LOMA

National Flood Experts' engineering review revalidated a multifamily property's Letter of Map Amendment (LOMA) compliance, including newly built structures, removing lender mandates for flood insurance, and saving over $31,000 in premiums in Houston, TX.

A newly acquired multifamily property in Houston, TX, was faced with hefty lender mandates (including excess!) as the lender did not recognize an existing LOMA due to the addition of new structures on the property.

The owner's insurance agent introduced them to National Flood Experts. The NFE team visited the site and performed a Flood Expert Survey (FES) to gather current data. The FES proved worthwhile, with the data revalidating the existing LOMA while also qualifying the new buildings for removal from the SFHA. After providing the LOMA, the lender removed all mandates for flood insurance! The project made a huge impact on the property value, with an increase of $500,000.

NFE's solutions proved to be essential in boosting NOI early, providing significant savings, and adding a substantial increase in property value for the new owners.

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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.

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$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.

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$245K+ in Added Property Value

Real Estate Portfolio Secures $14.7K Annual Insurance Savings - Clarkston, GA

From overwhelming challenges to remarkable success, National Flood Experts secures $14.7K in savings and $245K in added property value for an Atlanta-based Property management company's Clarkston, GA, multifamily property. By completing an extensive review and comprehensive Flood Expert Survey (FES), NFE successfully eliminated the lender mandate for flood insurance, unlocking the full financial potential of the client's property. Click to read more.