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 Lahaina, HI Property Saves $73K

$73K NOI Increase

Lahaina, HI Property Saves $73K - Lahaina, HI

In gorgeous Lahaina, HI, on the island of Maui, our team identified ≈ $73,000 in cost savings for a commercial property less than a stone's throw from the shores of the Pacific Ocean.

Image of Multifamily property for NJ & NY Commercial Real Estate Developer Saves $105K+

$1.75MM+ in Added Property Value

NJ & NY Commercial Real Estate Developer Saves $105K+ - Multiple, NJ

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 $1.75 million in increased property value.

Image of Residential property for NH Homeowner Relieved of Rising Flood Insurance Costs

Flood Insurance Mandates Removed

NH Homeowner Relieved of Rising Flood Insurance Costs - Bedford, NH

A homeowner in Bedford, NH, faced skyrocketing flood insurance premiums, nearly doubling their mortgage payments. They sought relief and their insurance agent recommended NFE as a trusted partner. NFE conducted a complimentary engineering review, qualifying the property for a LOMA. NFE assisted throughout the FEMA submission process, addressing RFIs and ensuring smooth progress. The homeowner obtained a LOMA, eliminating the need for flood insurance, improving property value and marketability.