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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$59,000 NOI Increase

$59K Portfolio Savings in Virginia - Pembroke, Pulaski, VA Beach, VA

Our team reviewed 13 multifamily buildings across three properties for a client in Virginia; after completing a Flood Expert Survey, our engineers analyzed data identifying $59K in portfolio savings

Image of Multifamily property for RI Affordable Housing Community Adds $142K in Property Value

LOMA Success Saves $8.5K/Year

RI Affordable Housing Community Adds $142K in Property Value - North Kingstown, RI

Learn how National Flood Experts helped an affordable housing community in North Kingstown, RI, increase the value of their property by $142,000, remove lender mandates for five buildings, and improve annual NOI by $8,500+. Through NFE’s comprehensive engineering review, flood expert survey, and advanced modeling services, five buildings were successfully removed from the high-risk “A” flood zone.

Image of Multifamily property for Wisconsin Multifamily Property Successfully Removed from SFHA

$175K in Added Property Value

Wisconsin Multifamily Property Successfully Removed from SFHA - Fond du Lac, WI

NFE successfully reclassified an entire Multifamily property in Fond du Lac, WI out of the high-hazard flood zone. Resulting in $11K year-over-year flood insurance savings and improving the property value by $175K!