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
Continuing care retirement communities and independent living are real-estate-forward senior housing: residents arrive by choice rather than need, which makes demand discretionary, marketing-driven, and sensitive to housing-market liquidity — the entry fee or rent is funded by a home sale more often than not. The study applies income-and-asset-qualified demand analysis, models the entry-fee or rental structure's actuarial and refund mechanics where applicable, and tests fill velocity against the segment's documented pace, since independent living fills slower than need-driven care and the carry must be funded.
How we do it
Qualified-household demand with housing-equity analysis for entry-fee models, competitive positioning across the local continuum, fill-curve modeling at documented absorption, actuarial review of continuing-care obligations where the contract creates them, and refund-liability treatment stated explicitly in the financial model.
How we can help you
Entry-fee CCRCs are specialized credits typically routed through bond and conventional structures; rental independent living fits conventional and, at smaller scale, SBA frameworks. The firm's senior-housing and condominium sell-out practices converge here — demand qualification from one, absorption-and-carry discipline from the other.
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.