Solution Value: $73,000
Solution Type: LOMA
On the island of Maui, in Lahaina, HI, our team identified ≈ $73,000 in cost savings for a commercial property less than a stone's throw from the shores of the Pacific Ocean.
Our engineers obtained a LOMA, re-zoning the four strip-mall style commercial buildings from high-risk AE flood zone to low-risk X-zone utilizing property-specific engineering data.
What does this mean for the client?
• Removal of lender-mandated flood insurance
• ≈ $73,000 back to the bottom line
• Instant increase in property value