Who we are
Wert-Berater, Inc. has prepared independent feasibility studies for lenders, certified development companies, and federal agencies since 1998 — more than four thousand engagements representing $40.2 billion in evaluated project value across all fifty states and international assignments. Our fiduciary duty runs to the lender and the agency, never to the sponsor’s optimism: fees are fixed, quoted up front, never contingent on findings, and a determination is never changed under pressure.
What we do
Build-to-rent feasibility joins single-family livability to multifamily underwriting: renter-household demand at the proposed rents within the drive-time market, the premium BTR product commands over conventional apartments and its durability, operating economics of horizontal management, and exit assumptions tested against institutional appetite rather than assumed. Cottage and townhome formats are distinguished where their economics differ.
How we do it
The analysis uses household and income screens, rent comparables across BTR and conventional product, operating benchmarks for horizontal communities, and development budgets independently tested. Coverage is tested on stabilized cash flow with lease-up sensitivity.
How we can help you
Land development engagements are conventionally financed in most cases, with the study built to acquisition-and-development underwriting standards — absorption, release prices, and lender exposure through the takedown schedule — and SBA or USDA program screens applied where an owner-occupied or rural end use is contemplated. BTR analysis applies the firm's multifamily and outdoor-hospitality disciplines, including site-class revenue modeling proven across its RV resort record at $4,839,570 and $8,050,000.
How to engage us
Standard delivery is 10 to 15 business days from complete project data. Rush delivery for deals already in underwriting is accepted case by case for an additional fixed fee, quoted up front and committed in writing. Engagements are typically initiated by the borrower, with lender or CDC confirmation obtained before work begins — institutions differ, so confirm the procedure with your lending contact.