Case Study

Industrial

LOMA Success for Nevada Self-storage Facility

Carson City, NV

$4K in Annual Savings Secured

Solutions Found:

LOMA

Solutions Value: $4K+ in Annual Premium Savings

NFE Solution: LOMA

A cold call from National Flood Experts paid off big for a national real estate investment firm focused on acquiring and managing self-storage facilities across the U.S.A. NFE performed a portfolio review for this client and ultimately found savings across 11 of their properties.

Based on past successful projects and area data, NFE's in-house research team pre-qualified several of the Client's self-storage facilities as having a high likelihood of cost-saving solutions. NFE contacted the company's Founder and CEO to share more information about our services and what we thought may be possible for their properties, and she was interested in exploring what solutions might be available.

For this Carson City, NV, self-storage property with four buildings impacted by the Special Flood Hazard Area (SFHA), NFE's engineering team conducted the initial desktop review, which confirmed that two of the four AE-Zone buildings would qualify for removal from the SFHA through a Letter of Map Amendment (LOMA). Upon approval by FEMA, the LOMA removed the buildings from the SFHA and into an X Zone. With the LOMA in hand, the Client's lender released the mandate for flood insurance for those two buildings. As a result, the Client's flood insurance expenses decreased by more than $4,000 annually. This reduction improved the property’s bottom line while also increasing the property value.

View Other Case Studies

Image of Multifamily property for Refinance Requirement for Flood Insurance Avoided

Slashing Refinance Red Tape

Refinance Requirement for Flood Insurance Avoided - Boise, ID

Discover how a multifamily property owner in Dover, DE, eliminated the need for flood insurance coverage while maximizing their refinance. NFE’s engineering review helped the owners overcome restrictions while also increasing property value.

Image of Commercial property for YMCA Saves $18K

$18K in Savings for YMCA

YMCA Saves $18K - Wilton, CT

Helping our clients save $ is always fulfilling but assisting a YMCA in saving $18,000 per year on insurance premiums was even more satisfying!

Image of Multifamily property for Refinancing Saved, Excess Flood Insurance Mandate Removed, and $1MM+ in Property Value Added for Terre Haute, IN, Multifamily Property

$1MM+ in Added Property Value

Refinancing Saved, Excess Flood Insurance Mandate Removed, and $1MM+ in Property Value Added for Terre Haute, IN, Multifamily Property - Terre Haute , IN

Discover how a multifamily property owner in Terre Haute, IN, maximized refinancing and eliminated the need for excess flood insurance coverage. NFE’s engineering review helped the owners overcome restrictions, increase property value by a staggering $1MM+, and increase NOI by $65,250 annually - all in just under two weeks!