Wedding & Event Venue Feasibility Study Supports Conventional Financing in Harris County, Texas

Wert-Berater, Inc. completed an independent feasibility study for a proposed wedding and event venue on a seven-acre site in the Tomball corridor of Harris County, Texas, evaluating a conventional first-mortgage loan against a total project cost of approximately $15.7 million. The study's determination is Favorable Subject to Conditions, as the project clears the lender's 1.20x debt-service coverage covenant under the borrower's demand case but fails materially under the study's own evidence-based demand case. Five conditions precedent—led by a pre-sold pipeline of signed wedding contracts with deposits—must be satisfied before the full loan amount can be supported.