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 Cold Call Results in $116K Property Value Increase for Multifamily Owner

$116K in Added Property Value

Cold Call Results in $116K Property Value Increase for Multifamily Owner - Colorado Springs, CO

Explore how National Flood Experts helped a client increase the value of their multifamily property in Colorado Springs, CO by more than $116,000. Through NFE’s comprehensive engineering review, the building was successfully removed from the high-risk flood zone, eliminating the lender mandate for flood insurance and decreasing annual expenses by nearly $7,000 while also increasing property value.

Image of Industrial property for Storage Facility in Hixson, TN Reduces Flood Insurance Premiums by $11.3K

$184K in Added Property Value

Storage Facility in Hixson, TN Reduces Flood Insurance Premiums by $11.3K - Hixson, TN

Read how National Flood Experts helped an industrial storage facility in Hixson, TN, achieve cost-cutting solutions and overcome financial strain caused by high flood insurance premiums. Through a comprehensive review process, NFE saved the client over $11,000 annually and increased their property value by $184,000. Discover how NFE's expertise and strategic recommendations transformed the client's financial position and set them up for long-term success.

Image of Multifamily property for Property Reclassified to X-Zone Prior to Acquisition

NOI Boost on Day 1 of Ownership

Property Reclassified to X-Zone Prior to Acquisition - Canton, MI

A 36-building mulitfamily property experienced a significant boost to NOI on Day 1 of ownership due to a rush review and LOMA success by the National Flood Experts team. Thanks to the LOMA, the new owners were not required to place lender-mandated flood insurance and excess flood insurance on the property - talk about major savings and red tape avoided!