Case Study

Multifamily

Commercial Development Firm Adds $111K in Property Value

Tucson, AZ

$111,000 in Added Property Value

Solution Value: $111K in added property value & $5,500 per year savings

Solution Type: LOMA

In Tucson, AZ, a commercial development firm was carrying $5,500 per year in flood insurance expenses on two apartment buildings located in the AE flood zone. SPOILER ALERT: Not anymore

We conducted a Flood Expert Survey of the property, which yielded positive data. Our engineers determined both structures qualified for removal from the AE flood zone. Upon LOMA issuance from FEMA, the lender mandates for flood insurance were removed, resulting in annual savings and increased property value by $111k (assuming a 6% CAP rate) for our client!

View Other Case Studies

Image of Multifamily property for Chicago Multifamily Dodges $75k/year Bullet

$75K Lender Mandate Removed

Chicago Multifamily Dodges $75k/year Bullet - Chicago, IL

Our team flew up to the Windy City, gathered pertinent site-specific data, and successfully petitioned FEMA for a Letter of Map Amendment (LOMA). With the LOMA in hand, the lender mandates were removed, and the client dodged a $75k/year bullet!

Image of Industrial property for LOMA Success for Nevada Self-storage Facility

$4K in Annual Savings Secured

LOMA Success for Nevada Self-storage Facility - Carson City, NV

Discover how a self-storage owner in Carson City, NV, saved more than $4K per year on one property by working with National Flood Experts (NFE).

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).