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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Image of Multifamily property for Lender Mandates Removed For A Multifamily Property in Spartanburg, SC

$228,000 in Added Property Value

Lender Mandates Removed For A Multifamily Property in Spartanburg, SC - Spartanburg, SC

National Flood Experts (NFE) delivered substantial savings for a multifamily property owner in Spartanburg, South Carolina. Utilizing advanced research and practical solutions like Flood Expert Survey (FES) and Letter of Map Amendment (LOMA), NFE successfully removed four buildings from the Special Flood Hazard Area. This led to nearly $14,000 in annual flood insurance savings and an impressive $228,000+ boost in property value.

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Condo Property in Florida Successfully Removed from SHFA - New Port Richey, FL

National Flood Experts provided a cost-saving solution for a condo community in New Port Richey, FL by using accurate and comprehensive Flood Expert Survey (FES) solution. Read on to learn how NFE's compliance determination led to significant financial gain by removing lender mandates and increasing property value.

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.