Independent Feasibility Study Consultants

Independent feasibility analysis for lenders, agencies, investors and developers. Wert-Berater has prepared feasibility studies since 1998 with fiduciary duty to the lender and agency, never to the borrower, and with fees that never depend on the conclusion.

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Lending programs

Each program has its own reviewer and documentation expectations. Our program pages set out what the lender, CDC or agency reviews and how the study is organized for it.

SBA feasibility studies — SBA 504 and 7(a) projects reviewed under the applicable SOP.
SBA 504 loan financing and SBA 7(a) loan financing
SBA feasibility study requirements
USDA feasibility studies — B&I, Community Facilities, REAP and VAPG under RD Staff Instruction 5001.
USDA Rural Development hub and USDA OneRD guaranteed loans
Combined SBA and USDA studies

Conventional and bank lending

Banks financing projects outside guaranteed programs ask the same core questions: will the market support the project, and will cash flow service the debt under realistic downside cases.

Institutional and investor feasibility

Institutional lenders, export credit agencies, funds and private investors require studies that withstand independent engineering and credit review. Engagements typically involve project finance structures, multiple capital sources and long-dated revenue assumptions.

Market feasibility

Market feasibility establishes whether demand, competition and pricing support the proposed project. It draws directly on our Market Intelligence division: trade-area definition, competitive inventories, absorption and pipeline.

Financial feasibility

Financial feasibility integrates sources and uses, revenue, operating expenses, working capital and debt service into one model, then applies sensitivity analysis to the variables that matter to the credit decision.

Development feasibility

Development feasibility tests land, entitlement, construction budget, schedule and exit against the market. It applies to ground-up projects, subdivisions, mixed-use and repositioning.

Underwriting analysis

Underwriting analysis applies credit discipline to the study: debt service coverage under base and downside cases, sources and uses, sponsor capacity, collateral context and the specific conditions a lender or agency places on approval. It is delivered as part of a feasibility engagement or, for USDA lenders, as outsourced underwriting support.

Study updates & recertification

Lenders frequently need an existing study brought current: a new lender relying on prior work, a closing delayed past the study date, or a material change in budget, scope or market. Updates and recertifications re-test the original conclusions against current evidence and state clearly what has changed.

The feasibility study process

Qualification call. Program, asset class, capital structure and data readiness; a fixed fee is quoted after the call.
Data intake. Project budget, operating plan, management resumes and sponsor financials through the secure client portal.
Market and site research. Trade area, demand drivers, competitive supply and pipeline.
Financial model. Integrated projections, debt service and sensitivity cases.
Report and reviewer support. Standard delivery in 10 to 15 business days from complete data; reviewer questions answered after delivery.

Industries

Sector pages cover the operating and real estate assumptions specific to each industry.