Case Study

Land

Commercial Development Firm Wins Big in NY

Brooklyn, NY

$10K Saved & Headaches Avoided

Solution Value: $10K premium savings & endless permitting headaches avoided (Priceless!)

Solution Type: LOMA

An entire undeveloped lot was being pulled into the SFHA, creating permitting nightmare for the owners. NFE's engineering analysis pulled the ENTIRE lot out of the SFHA both NOW and when the pending preliminary map goes into force.

The special flood hazard area (SFHA) impacted the NW corner of a vacant lot in Brooklyn, NY, and preliminary maps also pulled MORE of the lot into the SFHA. NFE's engineering analysis pulled the ENTIRE lot out of the SFHA both NOW and when the pending preliminary map goes into force.

With removal from the high-hazard flood zone, bank-mandated flood insurance is no longer required (a savings of $10,000+), plus the construction budget and building capabilities are also improved. The solution also helped facilitate a more straightforward building permit process - a tremendous win, especially in NY.

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$174K in Annual Budgetary Saving

16 of 18 Buildings Removed from SFHA - Palm Harbor, FL

Learn how a Palm Harbor, FL condominium community saved $174K annually on flood insurance premiums after NFE's comprehensive engineering review successfully removed 16 of the 18 buildings from the high-hazard flood zone.

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$73K premium increase avoided!

Condo Association | $10k in Savings - Sarasota, FL

A Condo HOA's premium was set to increase from $17,000/year to potentially $90,000+; our team qualified a scenario that resulted in a premium of only $7,000/year.

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$75K in Added Property Value

Multifamily Property Adds $75K in Value - Texarkana, AR

Learn how National Flood Experts helped a client increase the value of their multifamily property in Texarkana, AR, by $75,500. Through NFE’s comprehensive engineering review, one building was successfully removed from the high-risk flood zone, eliminating the lender mandate for flood insurance and decreasing annual expenses by $4,500+ while also increasing property value.