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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$23K in Premium Savings

Maryland Yacht Club Saves $23K - Annapolis, MD

A Yacht Club in Annapolis, MD was alerted by the NFIP that their flood insurance policy was being non-renewed & they were shocked when the private carrier quote came in at $30,000+ annually. Their Insurance Agent called National Flood Experts to see if we could assist & our team went to work and provided $23K in Premium Savings.

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$40.5K NOI Increase

Property Management Company Increases NOI by $40.5K - New Orleans, LA

This Multifamily property got a major NOI boost in The Big Easy, adding $40,511 back to the property's operating budget!

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Lender Mandates Removed

Condo Property in Florida Successfully Removed from SHFA - New Port Richey, FL

National Flood Experts provided a cost-saving solution for a condo community in New Port Richey, FL by using accurate and comprehensive Flood Expert Survey (FES) solution. Read on to learn how NFE's compliance determination led to significant financial gain by removing lender mandates and increasing property value.