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 Commercial property for National Hotel Portfolio Saves $53K in Premiums

$670K in Added Property Value

National Hotel Portfolio Saves $53K in Premiums - Miami & Marathon, FL

NFE's expertise helped a portfolio of hotels save more than $53K in flood insurance premiums and removed the lender mandates for 15 properties. Qualifying the buildings for Letters of Map Amendments also resulted in ≈ $670K increase in property value (assuming an 8% CAP rate).

Image of Multifamily property for NJ & NY Multifamily Properties Save $105K+

$1.75MM+ in Added Property Value

NJ & NY Multifamily Properties Save $105K+ - Multiple, NY

In this case study, a New Jersey-based Commercial Real Estate Developer partnered with National Flood Experts (NFE) to reduce annual flood premiums and increase the property value of their multifamily properties in NJ & NY. NFE successfully removed flood insurance mandates from 15 buildings, resulting in approximately $105,000 in annual cost savings and over $17.5 million in increased property value.

Image of Multifamily property for Multifamily Property in Reidville, NC Realizes $120K Property Value Increase

$120,000 in Added Property Value

Multifamily Property in Reidville, NC Realizes $120K Property Value Increase - Reidsville, NC

Explore how a Reidsville, NC, multifamily property added an estimated $120,000 in property value thanks to National Flood Experts' (NFE) comprehensive engineering review and Flood Expert Survey (FES). NFE's analysis, supported by on-site data collected during the FES, qualified the property for removal from the high-risk flood zone, eliminating the lender mandate for flood insurance and decreasing annual expenses by nearly $7,200.