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
Condominium feasibility differs from rental multifamily in kind, not degree: the question is velocity, not yield. The study models pricing by unit type against verified resale and new-product comparables, monthly absorption against the market's demonstrated depth of qualified buyers, and sell-out duration against the development loan's term and carry. Unit-count optimization receives explicit treatment — the firm's methodology tests alternative configurations because the base plan is frequently not the feasible one — and presale requirements, HOA economics, and construction-defect reserve realities are addressed plainly.
How we do it
The firm maintains a dedicated condominium sell-out methodology, codified in its production manual, carrying optimized unit-count scenarios, monthly absorption modeling, price-elasticity testing, and total-development-cost screens. Comparable evidence is verified at the closed-transaction level, and the model presents the development lender's exposure month by month through sell-out.
How we can help you
Condominium programs are conventionally financed; the study is built to construction-lender underwriting standards with the coverage and release-price analysis that structure requires. The reference engagement is a 184-unit Class A sell-out in Winter Haven, Florida, where the 170-unit base plan was determined infeasible at $60,250,000 and the optimized 184-unit configuration favorable with conditions at $48,456,000 — a determination pair that demonstrates the value of independent configuration testing.
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.