Case Study

Multifamily

Commercial Development Firm Adds $111K in Property Value

Tucson, AZ

Image of Multifamily property for Commercial Development Firm Adds $111K in Property Value

$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!

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