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
Full market, technical, financial, management, and economic feasibility for proposed projects, expansions, acquisitions, and turnarounds — prepared to the standard the reviewing program actually applies: SOP 50 10 for SBA credits, 7 CFR Part 5001 for USDA guarantees, job-creation analysis for EB-5, and negotiated coverage standards for conventional underwriting. Every study ships as a complete analytical report plus a fully linked Excel model in which no number is hardcoded — the underwriter can change any assumption and watch the whole analysis recompute.
How we do it
Demand is derived, never asserted: traffic-count capture for fuel retail, penetration analysis for lodging, saturation arithmetic for storage, double-qualified penetration for senior housing — the accepted methodology for your asset class, with the formulas shown so the credit committee can audit them. Coverage is tested at the program minimum across sensitivity, rate-stress, and Monte Carlo cases; every study passes a twenty-point reasonableness review and every model a twenty-two-point audit before delivery.
How we can help you
If your project is sound, the study proves it with evidence a committee can verify — and moves the credit through review instead of stalling in it. If it carries weaknesses, the study finds them early and converts them into structure: reserves, phasing, enumerated conditions precedent with the curing documents named. Weaknesses identified early become structure; weaknesses discovered in committee become declines. Either way, you get the truth about the project before the capital commits — which is precisely why lenders accept our determinations.
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.