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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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.

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19 of 29 Buildings Removed from SFHA - Coral Springs, FL

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Real Estate Portfolio Secures $14.7K Annual Insurance Savings - Clarkston, GA

From overwhelming challenges to remarkable success, National Flood Experts secures $14.7K in savings and $245K in added property value for an Atlanta-based Property management company's Clarkston, GA, multifamily property. By completing an extensive review and comprehensive Flood Expert Survey (FES), NFE successfully eliminated the lender mandate for flood insurance, unlocking the full financial potential of the client's property. Click to read more.