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
Medical office buildings are underwritten as leased real estate with a clinical tenancy overlay: physician and health-system demand within the patient draw area, the building's clinical specification — floor loads, HVAC, generator capacity, ADA clinical standards — and lease economics that run longer and stickier than commodity office when tenancy is genuinely medical. The study sizes provider demand from physician-supply data and health-system outpatient strategy, validates the rent thesis against medical comparables rather than office averages, and tests the rollover schedule against the anchor tenancy's credit and term.
How we do it
Demand analysis from provider-per-capita gaps and system expansion patterns, rent and expense benchmarking against medical-specific comparables, tenant-improvement budgets at clinical buildout costs, and lease-up modeled against the submarket's documented medical absorption with anchor-tenant concentration stated plainly.
How we can help you
Owner-occupied physician buildings fit SBA 504 directly; multi-tenant MOBs route conventional; hybrid owner-user structures with leased suites are modeled to each program's occupancy rules. The firm's $38,900,000 medical-village engagement — nineteen clinical buildings on a hybrid lease-and-sale program — supplies the category's reference architecture.
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.