Case Study

Multifamily

CA Multifamily Property Saves $86K

Vacaville, CA

Image of Multifamily property for CA Multifamily Property Saves $86K

$1.7MM in Added Property Value

Solution Value: $86K in Mandates Removed | $1.7MM Added Property Value

NFE Solution: LOMA

We have MASSIVE savings for you from the Golden State in Vacaville, CA. Imagine increasing the NOI of your multifamily asset by $86,000 annually. What would that mean for the financial performance of your investment?

The lender required this multi family property owner to carry NFIP and Excess coverage on all 40 buildings totaling over $86,000 per year. Following a data deep-dive, Flood Expert Survey & hydraulic modeling, our team of engineers successfully obtained a LOMA removing all 40 buildings from the SFHA - lifting the mandatory flood insurance requirement for the property and eliminating this expense for the client year over year. Assuming a 5% CAP rate, eliminating the flood insurance expense increased the property value by more that $1.7 million.

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$225,000 Added Property Value

Mississippi Multifamily Property Successfully Removed from Flood Zone - Starkville, MS

Discover how an introduction to NFE from their insurance broker helped a Multifamily Property in Starkville, MS, save $13,500 in flood insurance premiums and add $225,000 in property value. Working with NFE to uncover savings opportunities is a win for insurance agents and policyholders.

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$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!

Image of Residential property for $130K+ in Added Property Value Across TX Portfolio

$8K in Insurance Mandate Removed

$130K+ in Added Property Value Across TX Portfolio - Multiple, TX

See how NFE's expertise helped one of the largest Real Estate firms in South Texas explore options to reduce flood insurance premiums and add over $130K in property value to their portfolio of properties.