Fiduciary DeclarationFiduciary duty runs exclusively to the lender and agency — not to the borrower. Determinations are independent and never revised under commercial pressure. Non-negotiable since 1998. · International assignments accepted on a case-by-case basis — experience is global.
Program Experience
USDA Loan Feasibility Studies
Wert-Berater is a leading provider of feasibility studies for USDA Rural Development programs, including Business and Industry (B&I), REAP, and Community Facilities loans. Our public record reflects extensive experience across rural markets nationwide.
Wert-Berater, Inc. prepared an independent feasibility study for a $32.2 million pyrolysis and biochar enhanced-efficiency fertilizer manufacturing expansion at an operating plant in Jacksonville, Duval County, Florida, supporting a USDA FIELDS cost-share grant application and a USDA Business & Industry guaranteed term loan. The study evaluated economic, market, technical, financial, and management feasibility against federal program standards, rendering a weighted score of 3.72 of 5.00 and a determination of Conditionally Favorable, restating to Favorable upon satisfaction of three conditions precedent. Steady-state projections reflect $56.3 million in operating revenue, a 65.1% EBITDA margin, and first-production-year global debt-service coverage of 2.66x under a deliberately harsh full-payment convention against a 1.25x covenant.
Wert-Berater, Inc. prepared an independent feasibility study for a proposed low-carbon anhydrous ammonia production facility in Kern County, California, in support of a USDA Fertilizer Investment and Expansion for Long-term Domestic Supply (FIELDS) program application and for prospective lender review. The facility is designed to produce approximately 196,000 metric tonnes of anhydrous ammonia per year using a patented partial-oxidation process with carbon capture and geologic sequestration, qualifying for federal clean-hydrogen production credits. The overall determination rendered is Conditionally Feasible, with each of five analytical sections returning Favorable With Conditions against the FIELDS Feasibility Study Guide's prescribed elements.
A $70,000,000 expansion of an operating rural fertilizer production business, funded on a 50/50 cost-share basis under the federal fertilizer program: a $35,000,000 grant against a $35,000,000 applicant match. The study tested the expansion on its own documented merits — verified capital budget, contracted input supply, and a stabilized operating forecast in which sources equal uses at the study date — and reached a favorable determination subject to conditions precedent carried into the executed report.
What the Project Included
Added finished-goods production capacity at an existing fee-owned site, expanded post-processing and material handling, and the supporting site infrastructure required to operate the added capacity year round.
Capital Structure
$70,000,000 total project cost — a $35,000,000 federal cost-share grant (50 percent) against a $35,000,000 applicant match (50 percent).
Feasibility Study Challenges
The analytical work turned on ramp risk rather than stabilized economics. Stabilized coverage is comfortable at 5.73×, but first-year coverage of 1.68× leaves materially less room, so the study conditioned its determination on contracted input supply, committed offtake at the pricing carried in the forecast, and completion of the added capacity before the first full production year. Sensitivity testing ran price and volume together, in steps, rather than one variable at a time.
A $41,395,349 two-site fertilizer manufacturing program on the Texas Gulf Coast — a new-construction plant in one county paired with an expansion of an existing plant in the next — funded fifty percent by federal grant and fifty percent by applicant match. Because no project debt is proposed, the binding feasibility question is not coverage of a loan but coverage of the match: whether the applicant can actually fund its half, on the schedule the program requires.
What the Project Included
A new-construction production facility, an expansion of an existing plant in a neighboring county, and the process, utility, and logistics infrastructure connecting the two into one operating program.
Capital Structure
$41,395,349 total project cost — a 50 percent federal cost-share grant against a 50 percent applicant match of $20,697,674.50. No project debt is proposed.
Feasibility Study Challenges
Three items carried the file. First, match sufficiency: the study verified 1.85× coverage of the required match at the study date rather than accepting a certification at face value. Second, cost basis: the budget was tested against front-end engineering pricing rather than allowance figures. Third, downside recovery: the study priced a liquidation floor against total project cost so the agency could see what remains if the program stops mid-construction.
A $244,098,940 production facility on a rural Arkansas site, of which $208,479,813 is program-allowable under the grant's fertilizer-scope screen. The study separated the two questions the agency actually has to answer — whether the fertilizer scope stands on its own, and whether the wider facility can be executed — and answered them independently.
What the Project Included
Fertilizer production capacity with supporting on-site energy generation, together with the receiving, process, storage, and outbound logistics infrastructure the site requires.
Capital Structure
$244,098,940 total project cost, of which $208,479,813 is program-allowable under the fertilizer-scope screen; the balance sits outside program scope and is carried by the sponsor.
Feasibility Study Challenges
The study priced execution risk explicitly rather than treating the facility as routine. Coverage was reported three ways to keep the record honest: 1.52× fixed-charge coverage against obligations that actually exist, an illustrative 2.52× against a note that does not yet, and roughly nine times coverage of the one recurring maintenance reserve. The favorable determination is conditioned on execution gates — scope conformance, phased commissioning, and entity conformance — not assumed away.
A $47,371,560 distributed fertilizer manufacturing platform anchored in one rural Minnesota community and extended to two more across Minnesota and Wisconsin, funded by a $19,685,780 federal share (41.56 percent) against a $27,685,780 applicant match (58.44 percent). The study asked the narrow question the program requires — not whether the platform is attractive, but whether it is feasible on its documented merits — and answered it on verified figures with sources equal to uses.
What the Project Included
An anchor production site acquired and placed into service, two additional community-scale production sites, and the shared logistics and offtake arrangements that let the three operate as one platform.
Capital Structure
$47,371,560 total project cost — $19,685,780 federal share requested (41.56 percent) against a $27,685,780 applicant match (58.44 percent), with a single leverage event at the Year 5 refinancing.
Feasibility Study Challenges
A distributed platform fails site by site, not all at once, so the study modeled each site's contribution separately before consolidating. The single leverage event is the Year 5 refinancing, covered 12.45× against a 1.20× lender requirement; the study still tested what an insolvency case would cost a lender rather than treating the coverage cushion as the end of the analysis. Match composition — secured versus unsecured — was verified against the program's eligibility screen, because unsecured match does not count.
A $52,688,000 integrated bio-carbon (biochar) pyrolysis manufacturing facility producing approximately 28,750 metric tons annually — approximately $1,915.93 of invested capital per annual ton. Base-case revenue of approximately $34,375,000 is anchored by an industrial biochar offtake of $20,500,000 (59.7 percent of revenue) and carbon-credit monetization of $8,900,000 (25.9 percent), with the balance in specialty, energy, and soil-amendment channels. Projected EBITDA of $16,500,000 against annual debt service of approximately $4,012,000 yields a baseline coverage of 4.11x, with the Year 1 monthly ramp moving from 1.92x in January to 5.18x by December.
What the Project Included
One of the first feasibility studies prepared under the USDA Timber Production Expansion Program (TPEP) framework in combination with a Business & Industry guarantee under 7 CFR Part 5001 — a dual-program structure for timber-feedstock bio-industrial manufacturing.
Technology Basis
Continuous-pyrolysis vertical retort technology with more than thirty industrial installations, supplemented by fourteen traveling-grate systems deployed since 1986 — more than forty years of documented industrial operation, evaluated as proven process equipment rather than venture-stage technology.
Feasibility Study Challenges
Biochar sits at the intersection of commodity manufacturing and an immature carbon-credit market, and the study refused to let the second category carry the first. Revenue quality was tiered: contracted industrial offtake was underwritten as the load-bearing element, while carbon-credit revenue — a quarter of the top line in a market without mature price discovery — was stress-tested rather than capitalized at face value. Coverage holds above 2.5x even with EBITDA reduced 10 percent or rates up 200 basis points, and breakeven revenue of $21,884,566 sits 36 percent below base case. Equipment risk was addressed through deployment history rather than vendor representations. The favorable recommendation was explicitly conditioned on final underwriting validation, independent engineering confirmation, and covenant structuring — scope boundaries stated, not blurred.
A corridor-based freight-service asset — not a conventional highway retail outparcel — evaluated under USDA Regulation 5001 for whether the site, at scale, can convert national truck-parking scarcity into durable operating revenue. The approximately 60-acre build envelope sits within a 366-acre tract at a major interstate interchange, with the largest capital allocations directed at exactly the elements that drive freight-service economics: parking, fueling, and the driver-services building.
What the Project Included
1,000 truck parking spaces, 30 high-speed diesel pumps with storage and canopy, 20 gasoline lanes, a main building of approximately 50,000 square feet, a truck wash, and CAT scales — a program built around parking and driver utility rather than fuel sales alone, positioned to capture FHWA-documented overnight and mandated-rest demand.
Capital Structure
$25,000,000 proposed loan plus $9,000,000 imputed land equity identified at study date — leaving a $14,571,365 capital-stack gap (≈30% of TPC) documented as the principal open item.
Feasibility Study Challenges
The defining challenge was capital-stack honesty: against $48.6 million of total project cost, identified sources covered roughly 70 percent. The study states this plainly — the project is economically justified in concept and projected operating scale, but cannot be characterized as fully financeable without qualification until the $14.6 million gap is resolved. Strong operations do not by themselves establish feasibility when the capital stack is incomplete.
Restoration of an idle sugar refinery in Santa Rosa, Texas to full production through infrastructure rehabilitation, modernization, and recommissioning. The property includes approximately 359,000 square feet of industrial buildings, warehouses, processing facilities, and cane yards together with supporting utility infrastructure. At design capacity the facility processes approximately 2.05 million tons of cane annually, equivalent to roughly 246,000 tons of refined sugar.
Market Position
The refinery’s Rio Grande Valley location provides dual-market access: the Texas market, which consumes more than 500,000 tons of refined sugar annually, and the established refining corridor served by Louisiana and Florida producers located far from the border. This dual access materially enhances revenue stability relative to a single-market processor and underpinned the demand analysis.
Capital Structure
Total capitalization of $38,110,000, funded by $25,000,000 of USDA Business & Industry guaranteed debt and $13,110,000 of equity provided by aligned sponsors. The structure places roughly one-third of the capitalization in equity ahead of the guaranteed facility, consistent with the tangible-balance-sheet expectations of 7 CFR Part 5001.
Feasibility Study Challenges
Restoring a dormant heavy-processing asset concentrates risk in the technical dimension: rehabilitation scope, commissioning schedule, and cane supply contracting all had to be evidenced rather than assumed. The analysis therefore weighted contractor capability, equipment condition, and grower-supply arrangements alongside the financial projections, and stated each dependency plainly as a condition of the program rather than absorbing it into base-case assumptions.
A Phase I cold storage and logistics facility integrated with the region's international airport, evaluated under USDA Regulation 5001 across six alternative building programs from 110,000 to 250,000 square feet using a 90+ tab financial model. The recommended 125,000-square-foot configuration carries a total project cost of $33,656,250 ($269.25/SF), reaches 84 percent stabilized utilization in Year 2 with a 41.7 percent EBITDA margin, and supports 65–85 permanent jobs with $3.2–4.5 million in annual payroll.
What the Project Included
Temperature-controlled warehouse and logistics space with ammonia refrigeration, 72-hour backup diesel generation, building design exceeding local wind-load standards, and full regulatory compliance programs (EPA Risk Management Plan, OSHA Process Safety Management), supported by a 10 percent construction contingency of $2,923,296.
Capital Structure
$17,481,604 senior secured loan (51.9% of TPC) at 9.50% on 25-year amortization, sized to a Year 2 DSCR floor of 1.40x; equity of $16,174,646 (48.1%).
Feasibility Study Challenges
Three challenges shaped the determination. First, leverage discipline in a 9.50 percent rate environment: at the 1.40x DSCR floor, a 5 percent revenue shortfall thins coverage to 1.07x and a 10 percent shortfall breaches it — the study sized the loan at 51.9 percent of cost rather than maximizing proceeds. Second, Gulf Coast hurricane and flood exposure, addressed through hardened design, comprehensive windstorm/flood coverage, and FEMA zone analysis. Third, ammonia-system regulatory compliance, budgeted explicitly at $75,000–150,000 initial and $30,000–50,000 annually.
Feasibility analysis of a full-service marina and resort operation on Lake Cumberland — one of the largest reservoirs east of the Mississippi and among the busiest houseboating destinations in the United States — evaluated for a USDA Business & Industry guaranteed loan under Instruction 5001 in a rural Kentucky county where the marina is a primary economic anchor.
What the Project Included
Multi-revenue-stream marina underwriting: wet-slip and dry storage rental, houseboat and watercraft rental fleets, fuel sales, service and repair, ship’s store, and food and beverage — each modeled against lake-level operating constraints, seasonality, and the destination tourism draw of the Lake Cumberland market.
Capital Structure
USDA B&I guaranteed loan structure consistent with Instruction 5001 rural-area eligibility, collateralized by the marina’s real property, improvements, and operating assets.
Feasibility Study Challenges
Marina underwriting on a flood-control reservoir lives with the water level: seasonal drawdowns and multi-year lake-level management decisions directly drive slip utility, rental-fleet season length, and revenue timing, so the analysis had to demonstrate debt service capacity across the operating calendar rather than at a single stabilized point — alongside the concentration risk inherent in a destination market where the asset is both the business and the draw.
Expansion financing for an established oilfield well-servicing company — founded 2012, more than 150 field personnel — operating across five major U.S. producing basins: Permian, Williston, Eagle Ford, Appalachian, and Haynesville. The expansion is anchored by two long-term master service agreements with a supermajor and a large-cap independent producer, representing approximately $60 million in contracted revenue over sixty months and more than 65 percent of projected revenue through 2030. Company revenue grew roughly 200 percent in the twenty-four months preceding the study.
What the Project Included
Fleet and equipment expansion to service contracted multi-basin demand under a USDA Business & Industry guaranteed structure — an operating-company credit underwritten on contract quality and coverage durability rather than real-estate collateral.
Return & Coverage Profile
Project IRR of 22.4 percent; NPV of $41.3 million at a 12.5 percent weighted average cost of capital; payback in 2.6 years. Ten-year debt-service coverage averages 3.19x with a minimum of 2.48x and a Year 6 peak of 4.28x — no non-coverage periods in any projection year.
Feasibility Study Challenges
Oilfield services is a cyclical, commodity-exposed sector, and the study treated that exposure as the central underwriting question rather than an inconvenience. The analysis rested coverage on contracted rather than speculative revenue — the two master service agreements were evaluated for counterparty quality, term, and concentration, with the offsetting concentration risk stated plainly: contracts representing 65 percent or more of revenue are both the credit's strength and its single largest dependency. Monte Carlo simulation demonstrated a greater-than-85-percent probability of maintaining DSCR above 1.25x across commodity-cycle scenarios, and the rapid 200-percent revenue growth was stress-examined for operational scalability rather than extrapolated forward uncritically.
Acquisition of an established greenhouse and nursery enterprise in Radium Springs, Doña Ana County — more than 20 acres of geothermal-heated greenhouses with secured groundwater rights providing 2.3 times the water required at full production, evaluated for a USDA Business & Industry guaranteed loan under Regulation 5001. The site sits 20 minutes from Las Cruces, 1.5 hours from El Paso, and within same-day distribution reach of markets across New Mexico, Texas, and Arizona, in a national nursery and garden industry generating more than $54 billion annually.
What the Project Included
The economic feasibility analysis confirmed labor availability through the county’s agricultural workforce and the plant- and soil-science graduate pipeline from the nearby land-grant university; the technical analysis confirmed that geothermal heating materially reduces energy-price exposure while the secured water rights neutralize the binding constraint on greenhouse operations in the arid Southwest; and the market analysis benchmarked the operation against regional and national competitors, most of which operate with limited capital reserves.
Capital Structure
Purchase of business assets of $16,500,000 funded by the USDA-guaranteed loan plus equity; $100,000 of working capital contributed by the borrower; and $750,000 of closing costs and fees funded from loan proceeds, consistent with USDA B&I norms — a total project cost of $17,350,000.
Feasibility Study Challenges
The rate structure carried the principal risk: the B&I loan floats on a Wall Street Journal prime-based adjustable rate, so the study stress-tested coverage against rate movement and a five percent operating-cost increase, with DSCR remaining above the USDA minimum in each case. Competitive pressure from regional growers and the seasonality of nursery demand were addressed through capacity-utilization analysis and a distribution strategy spanning three states, and the break-even calculations required under 5001.203(i) confirmed solvency margins throughout the projection period.
Acquisition of an operating 26-unit, single-story assisted living facility by an experienced regional operator, evaluated under USDA 7 CFR Part 5001. Year 1 revenue of $1,152,029 assumes 90.5 percent average occupancy — conservative against the 100 percent occupancy confirmed by appraisal at study date — and the acquisition preserves nine rural healthcare jobs with $551,400 in annual local payroll.
What the Project Included
Going-concern acquisition of the real property, furniture, fixtures and equipment, and intangible going-concern value of an established rural assisted living operation, with single-story construction purpose-suited to resident safety and line-of-sight staff supervision.
Capital Structure
$1,350,000 USDA B&I guaranteed loan with an 85% federal guaranty (79.4% of TPC); $200,000 cash equity (11.8%); $150,000 subordinated seller note at 9.0% interest-only with a 24-month balloon.
Feasibility Study Challenges
Small-balance rural healthcare deals live or die on cushion, and the study quantified it: break-even occupancy of 63.0 percent means the facility covers all costs including debt service with only 16.4 of 26 units occupied — a 27.5-point cushion below projected Year 1 occupancy. The structural watch-items were the 24-month balloon on the subordinated seller note, which must be refinanced or retired from cash flow, and the standard pre-closing conditions: Phase I ESA, flood-zone determination, and zoning confirmation.
Clarkesville, Habersham County, Georgia, United States
Independent feasibility study for the proposed automation and expansion of an existing commercial bakery in Clarkesville, Georgia. The assignment evaluated economic, market, technical, financial and management feasibility in connection with proposed SBA 7(a) International Trade and USDA Business & Industry loans. The study's determination was Favorable With Conditions.
Feasibility study for acquisition/refinancing, continued operation, and expansion of an existing RV park in Coalville. The report covers economic, market, technical, financial, and management considerations for RV, glamping, tent-camping, clubhouse, and amenity improvements.
Completed feasibility analysis for a proposed assisted-living facility in Haslet. The assignment covers economic, market, cost, financial, and management considerations for USDA B&I underwriting.
Not specified, Not specified, Not specified, Not specified
Historical feasibility assignment for a meat-processing project. The agreed scope covers economic, market, technical, financial, and management considerations for potential USDA loan-guarantee underwriting; the subject project location is not specified in the supplied agreement.
Not specified, Not specified, Not specified, Not specified
Historical food-supply-chain feasibility assignment. The agreed scope covers economic, market, technical, financial, management, and food-supply-chain considerations; the source does not establish a project location.
feasibility report for a planned wellness center with medical-service components in Sarasota. The report covers economic, market, cost, financial, and management considerations.
Completed feasibility analysis for a proposed stainless-steel manufacturing facility in Muncie. The assignment covers economic, market, technical, financial, and management considerations for USDA loan-guarantee underwriting.
Completed feasibility analysis for an existing mixed-use retail property in Torrey. The assignment covers highest-and-best-use, market, site, operating, and financial considerations for USDA financing.
Summerton, Clarendon, South Carolina, United States
Completed financial feasibility analysis for a proposed nonprofit community center in Summerton. The assignment covers market, site, operating, and financial considerations for USDA direct-loan underwriting.
Completed analytical assignment for a planned start-up winery and farmers-market operation in the Willcox area, with two proposed locations and site selection still open in the source. The work covers economic, market, technical, financial, and management considerations for a potential USDA loan-guarantee request.
Completed analytical assignment for continuation and enhancement of an operating boutique vineyard in Cottage Grove. The work covers economic, market, technical, financial, and management considerations for USDA loan-guarantee underwriting.
Feasibility study for refinancing and continued operation of an existing mushroom-production business near Avondale. The analysis covers economic, market, technical, financial, and management considerations for potential USDA loan-guarantee financing.
Feasibility study for repositioning and refinancing an operating winery in Temecula. The analysis covers economic, market, technical, financial, and management considerations for USDA B&I loan-guarantee underwriting.
Feasibility study for a planned new travel center with convenience retail and a liquor-store component in Navasota. The analysis covers economic, market, technical, financial, and management considerations for USDA B&I loan-guarantee underwriting.
Not specified, Not specified, Alabama, United States
Feasibility study for continuation and expansion of an operating poultry-processing business across facilities in the Decatur and Florence areas of Alabama. The analysis covers economic, market, technical, financial, and management considerations for potential USDA loan-guarantee underwriting.
Feasibility study for a planned new meat-processing facility in Fort Lupton. The analysis covers economic, market, technical, financial, and management considerations for project planning and potential USDA underwriting.
Feasibility study for renovation and expansion of an operating grocery store. The assignment reviews site and economic conditions, grocery-market demand, remodeling and operating assumptions, financial feasibility, and management considerations.
Financial feasibility study for a planned solar energy system associated with an operating agricultural enterprise. The assignment evaluates solar-market context, system costs, supporting incentives, and financial feasibility.
Feasibility study for continuation and expansion of an operating cheese-manufacturing facility. The assignment covers site and economic conditions, production and market analysis, technical considerations, financial modeling, and management feasibility.
Feasibility study for restart and expansion of an aluminum manufacturing operation. The assignment covers site and economic conditions, industry and market demand, manufacturing and technical considerations, financial modeling, and management feasibility.
Completed architectural feasibility analysis for expansion, renovation, and equipment planning at an operating community hospital in Springerville. The scope covers facility need, existing and proposed improvements, service-area considerations, financial due diligence, and architectural specifications.
Feasibility study for a proposed assisted-living and adult-day-care facility in Lamar. The study covers economic, market, cost, financial, and management considerations.
Feasibility study for a proposed new fueling station with convenience retail and quick-service food components in Greenfield. The study covers economic, market, technical, financial, and management considerations.
Feasibility study for renovation and redevelopment of an existing historic hotel in Lake Wales. The study reviews economic, market, technical, financial, and management considerations for continued lodging use.
Financial feasibility analysis for a planned solar-electric system at a poultry farm in Vinemont. The supplied scope covers site context, system assumptions, incentives and grant eligibility, cash-flow modeling, sensitivity analysis, and financial feasibility.
Completed analytical assignment for expansion of an indoor aeroponic farm in Muncie, using a planned facility to increase production. The work covers economic, market, technical, financial, and management considerations.
Feasibility study for continuation and expansion of a controlled-environment greenhouse operation in Stanford. The analysis covers economic, market, technical, financial, and management considerations for planned improvements.
Feasibility study for continued operation and refinancing of an existing nursing-care facility in Athol. The report covers economic, market, technical, financial, and management considerations rather than a new construction or renovation project.
Financial feasibility study report for a proposed family and community center combining childcare, after-school, and mental-health services in Hopkins. The report includes supporting economic, market, site/technical, and management analyses.
Financial feasibility study for proposed hospital construction, renovation, and modernization in Pineville, based on preliminary project plans. The analysis addresses projected financial performance and debt-service capacity.
Feasibility study for a proposed new cotton-yarn spinning and textile-manufacturing facility in Cordele. The report covers economic, market, technical, financial, and management considerations.
Feasibility study for renovation and adaptation of an existing industrial complex for hemp processing in Wichita Falls. The report covers economic, market, technical, financial, and management considerations for industrial-fiber production.
Feasibility study for a proposed seafood-processing operation in Burlington, including preparation, packaging, storage, and shipment of crab and other seafood. The report covers economic, market, technical, financial, and management considerations.
Feasibility study for a proposed new meat-processing facility in Lawrenceburg, covering slaughter, chilling, cutting, packaging, and processing activities. The report addresses economic, market, technical, financial, and management considerations.
Feasibility study for a proposed facility manufacturing wooden barrel staves and headings in Edmonton. The report covers economic, market, technical, financial, and management considerations.
Not specified, Richmond, North Carolina, United States
Feasibility study for proposed meat-processing facility development in Richmond County. The report covers economic, market, technical, financial, and management considerations.
USDA Meat and Poultry Processing Expansion Program (MPPEP)
Feasibility study for a proposed new limited-service hotel in Olivia. The report covers economic, market, technical, financial, and management considerations.
Mount Sterling, Montgomery, Kentucky, United States
Feasibility study for a proposed meat-slaughter and processing facility in Mount Sterling. The report covers economic, market, technical, financial, and management considerations.
USDA Meat and Poultry Processing Expansion Program (MPPEP)
Feasibility study for a mixed-use boutique-hotel and commercial development in Moss Landing. The report covers economic, market, financial, and management considerations; technical feasibility is outside its scope.
Feasibility study for expansion of an operating meat-processing facility in Lewisburg. The report covers economic, market, technical, financial, management, food-supply-chain, and safety considerations.
Larsen Bay, Kodiak Island Borough, Alaska, United States
Feasibility study for a proposed oyster aquaculture operation on a marine site near Larsen Bay. The report covers economic, market, technical, financial, and management considerations.
Mariculture Revolving Loan FundUSDA Value-Added Producer Grant (VAPG)
Feasibility study for a proposed travel center with convenience retail and automotive/RV fueling in Ehrenberg. The report covers economic, market, technical, financial, and management considerations.
Feasibility study for a proposed aquarium-centered entertainment complex in Scottsdale, with theater, restaurant, retail, and visitor-attraction components. The report covers economic, market, technical, cost, financial, and management considerations.
Destrehan, St. Charles Parish, Louisiana, United States
Feasibility study for continued operation and expansion of an existing wholesale food and meat-processing business through proposed new construction in Destrehan. The report covers economic, market, technical, financial, and management considerations.
USDA Meat and Poultry Processing Expansion Program (MPPEP)
Feasibility study for a proposed ground-mounted solar-electric installation in Eau Claire. The report evaluates economic, market, technical, and financial considerations.
Feasibility study for a proposed new truck stop in North Edwards, with convenience retail and leased fast-food restaurant space. The report covers economic, market, technical, financial, and management considerations.
Financial feasibility study for a planned solar-energy installation at an existing facility in the Wye Mills area. The analysis considers system economics, energy savings, and grant-underwriting requirements.
Feasibility study for a planned dairy digester and associated biomethane systems in the Friona area. The report covers economic, market, technical, financial, and management considerations.
Port Townsend, Jefferson, Washington, United States
Feasibility study for a proposed new boutique hotel in Port Townsend. The report covers economic, market, technical, financial, and management considerations.
Feasibility study for a planned dairy digester and associated biomethane systems in the Waynesboro area. The report covers economic, market, technical, financial, and management considerations.
Feasibility study for a planned anaerobic digester and biomethane systems associated with a dairy operation in the Le Grand area. The scope covers site, economic, market, technical, financial, and management considerations.
Feasibility study for a planned dairy digester in the Elkton area. The scope covers economic, market, technical, financial, and management considerations, including site suitability.
Feasibility study for a proposed dairy anaerobic digester in the Syracuse area. The report evaluates economic, market, technical, financial, and management considerations.
Feasibility study for a proposed dairy digester in the Shelby area. The report evaluates economic, market, technical, financial, and management considerations.
Feasibility study for a proposed new dairy anaerobic digester in the Humboldt area. The scope covers economic, market, technical, financial, and management considerations.
Feasibility study for a proposed business developing, producing, marketing, and distributing evaporative hybrid cooling equipment in Boulder City. The report covers economic, market, technical, financial, and management considerations.
Feasibility study for a proposed independent hotel in Moab. The report covers economic, market, technical, financial, and management considerations for project planning and mortgage underwriting.
Feasibility study for a proposed new dairy digester in the Fort Morgan area. The report covers economic, market, technical, financial, and management considerations.
Feasibility study for debt refinancing of an existing community hospital in Minden. The report covers economic, market, technical, financial, and management considerations.
Feasibility study for a proposed new dairy anaerobic digester in the Cope area. The report evaluates economic, market, technical, financial, and management considerations.
Feasibility study for a proposed dairy anaerobic digester and biomethane gas-cleanup project in the Quitman area. The scope covers economic, market, technical, financial, and management considerations.
Feasibility study for a proposed new limited-service hotel in Georgetown. The report covers economic, market, technical, financial, and management considerations for project planning and mortgage underwriting.
Feasibility study for a proposed dairy anaerobic digester in the Lovington area. The report evaluates economic, market, technical, financial, and management considerations.
Feasibility study for a proposed dairy anaerobic digester in the Rising City area. The report evaluates economic, market, technical, financial, and management considerations.
Feasibility study for a planned swine anaerobic digester project in Bartlett. The analysis covers economic, market, technical, financial, and management considerations, including site suitability, environmental factors, feedstock markets, and operations.
Ville Platte, Evangeline Parish, Louisiana, United States
Feasibility study for refinancing and continued operation of an existing community hospital in Ville Platte. The report covers economic, market, technical, financial, and management considerations.
Feasibility study for a proposed fueling station with convenience retail and food-service uses in Clovis. The report covers economic, market, technical, financial, and management considerations.
Feasibility study for expansion and equipment improvements at an operating bakery enterprise in China Grove. The report covers economic, market, technical, financial, and management considerations.
Murfreesboro, Rutherford, Tennessee, United States
Feasibility study for proposed craft-brewery development and expansion in Murfreesboro, with related hospitality, entertainment, and agricultural-support uses. The report covers economic, market, technical, financial, and management considerations.
Feasibility study for a proposed travel center in Lithia Springs, considering SBA or USDA-backed financing. The report covers economic, market, technical, financial, and management considerations.
Feasibility study for the proposed acquisition and repositioning of an assisted-living and memory-care facility in the Hillsboro area. The study evaluates economic, market, technical, financial, and management considerations.
Feasibility study for continuation and refinancing of an operating travel center in the Huntington area. The report covers economic, market, technical, financial, and management considerations.
Feasibility study for a proposed ground-mounted solar-electric project in Colorado City. The report covers site, economic, market, technical, financial, and management considerations.
Feasibility study for a proposed new controlled-environment agriculture facility in Boynton Beach. The report reviews site, market, technical, financial, and management considerations.
Feasibility study for a proposed new hotel and convention center in Mattoon. The report evaluates economic, market, technical, financial, and management considerations for mortgage-loan underwriting.
Feasibility study for renovation and expansion of an operating hospitality property in New Hope, including lodging, dining, and conference facilities. The scope covers economic, market, cost, financial, and management considerations.
Feasibility study for construction of a proposed new fast-food restaurant in Russell Springs. The report evaluates economic, market, technical, financial, and management considerations.
Feasibility study for reconfiguration and partial reconstruction of an existing fast-food restaurant in Barbourville. The report evaluates economic, market, technical, financial, and management considerations.
Feasibility study for continued operation and expansion of an existing hotel resort in Pigeon Forge. The report evaluates site, market, cost, financial, and management considerations.
Feasibility study for a proposed modular-home manufacturing facility in Buena Vista, addressing the planned production operation and financial feasibility.
Baker, East Baton Rouge Parish, Louisiana, United States
Financial feasibility study for continuation of an operating charter school and purchase of its leased real estate in Baker, prepared for mortgage-loan underwriting.
Feasibility study for a proposed duct-liner manufacturing plant in Milledgeville. The scope covers economic, technical, market, financial, and management considerations.
Ste. Genevieve, Ste. Genevieve, Missouri, United States
Feasibility study for expansion of a stone-mining and manufacturing operation in the Ste. Genevieve area. The scope covers economic, market, technical, financial, and management considerations.
Conventional loanUSDA B&ISBA — program not specified
Market study for a proposed dinosaur museum in Cañon City. The assignment evaluates visitor-demand assumptions, market positioning, and potential audience capture; it is not a full project feasibility study.
Feasibility study for expansion of an existing controlled-environment hydroponic greenhouse in Frederick. The scope covers site, market, technical, financial, and management considerations.
Greenfield, Franklin, Massachusetts, United States
Financial feasibility study for reconstruction and modernization of an existing community-service facility in Greenfield, prepared for mortgage-loan underwriting.
Feasibility study for renovation of a grain-elevator property and associated rail infrastructure for an organic wholesale grain-milling operation in Vona.
Feasibility study for a proposed adult day-care and after-school facility in Marion. The planned uses include daytime care for older adults and after-school services for children.
Feasibility study for the continued operation and expansion of a youth sports complex in Macks Creek, including additional sports fields, parking, and related site improvements.
Feasibility study for a planned craft distillery and beverage-production project in Grove City. The scope covers economic, market, technical, financial, and management considerations.
Feasibility study for a proposed new steel tube manufacturing facility in Columbus. The scope covers economic, market, technical and site, operating, and financial considerations.
Feasibility study for a fueling and convenience-retail development in the Moses Lake area. The scope covers economic and market analysis, technical and environmental considerations, construction, financial modeling, and management feasibility.
Feasibility study for a planned modular-structures manufacturing facility in Albertville. The scope covers economic and market conditions, manufacturing operations, technical and site suitability, and financial feasibility.
USDA B&IProperty Assessed Clean Energy (PACE) financing
Eunice, St. Landry Parish, Louisiana, United States
Feasibility study for a general community hospital in Eunice. The study assesses economic, market, technical, financial, and management considerations in connection with refinancing.
USDA B&I
Legal disclosure. Wert-Berater, Inc. offices are mailing addresses only. Following the COVID-19 pandemic the firm has elected to work remotely; its office locations receive mail and are not staffed for visitors or in-person meetings. Headquarters mailing address: 1968 South Coast Hwy, Ste 2382, Laguna Beach, CA 92651.
Wert-Berater, Inc. is an independent provider of feasibility studies and other related services. The firm does not provide financing or equity investment advice, and does not arrange, broker, or place debt or equity capital of any kind.
All appraisal assignments are performed by Bruce E. Jones, MAI, ASA-GC, BCA, CMEA, a member of the Appraisal Institute since 2006, a staff member of Wert-Berater, Inc. and owner of Special Purpose Realty Valuation.
