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
Subdivision feasibility is absorption analysis under carry: the qualified-buyer depth at the proposed lot or home price points, builder demand and takedown terms for lot-development programs, entitlement and infrastructure cost against finished-lot values, and the month-by-month exposure of the acquisition-and-development loan through sell-out. Phasing is modeled explicitly, because the second phase's feasibility depends on the first phase's evidence.
How we do it
Methodology uses closed-transaction comparables, permit and absorption series for the submarket, builder-demand review, and engineering-based development budgets independently benchmarked. The model presents lender exposure through the takedown schedule with absorption and price 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. The firm's residential-development record includes condominium sell-out analysis at $48,456,000 in Winter Haven, Florida and land residual work across its highest and best use practice, including a $95,000,000 engagement in Durham, North Carolina.
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.