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.