Independent, bank-grade feasibility studies for Texas projects — SBA 504 and 7(a), USDA, EB-5, and conventional lending — from a firm with 28 years of practice and 4,000+ engagements completed nationwide.
Feasibility is local, and the evidence for it is published locally. Every Texas engagement is built from the credible subscribed and governmental sources that cover this market specifically: the U.S. Census Bureau’s American Community Survey at tract and county level, Texas Department of Transportation classified traffic counts, Bureau of Labor Statistics employment and wage series for Texas metros and counties, FEMA flood determinations, state licensure, registration, and permit records, and the federal sector data — EIA, USDA, CMS, HUD — that covers each asset class — alongside RMA Annual Statement Studies and IBISWorld benchmark corridors. Because these sources are available to the firm for every county in the state, Wert-Berater can underwrite a project anywhere in Texas with the same evidentiary depth a local analyst would bring — drawing on 28 years of firm practice. Every figure is cited to its source, so a Texas lender can pull the same table and reproduce the finding.
Wert-Berater studies are accepted at more than 600 banks, lenders, credit unions, certified development companies, and investment funds nationwide — including the institutions that finance projects in Texas every day. Studies are prepared to the standard the reviewing program actually applies: SBA SOP 50 10 for 504 and 7(a) credits, the full 7 CFR Part 5001 factor framework for USDA guarantees, recognized economic methodology for EB-5, and negotiated coverage standards for conventional underwriting. The deliverable is the firm’s blue-chip standard everywhere it goes: a complete analytical report with every claim sourced, plus a fully linked financial model with zero hardcoded numbers that your underwriter can stress directly.
Party names withheld per the firm’s confidentiality practice; locations and figures as published in the firm’s engagement record.
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These are recent engagements — representative of the firm’s record of 4,000+ engagements completed since 1998 across all fifty states. See the firm’s representative engagement experience →
Program files carry their own rules, and the two that drive most Texas lending are handled on dedicated pages:
The full practice is available in this market — 120+ industries and project types across ten groups, from hotels, RV resorts, marinas, and self-storage through healthcare, senior living, manufacturing, fuel and travel centers, renewable energy, agriculture, and aquaculture — each with its own accepted demand methodology and benchmark set.
Texas is not a single demand market. Its commercial development pipeline reflects several distinct economic systems: corporate and financial services in North Texas; refining, petrochemicals, port logistics and healthcare along the Gulf Coast; technology, government and higher education in Central Texas; military, healthcare and cross-border trade in San Antonio and El Paso; and agriculture, food processing, energy production and regional services across rural counties. A credible feasibility study therefore defines the project’s effective trade area before selecting comparables. A distribution facility near an interstate interchange, a neighbourhood medical clinic and a destination hotel may occupy the same county but draw demand from materially different geographies.
Freight corridors, inland ports, Gulf ports, airports and the state’s energy infrastructure support industrial and logistics investment, while sustained household formation continues to shape multifamily, retail and land-development proposals. Manufacturing projects often depend on supplier access, workforce skills, utility capacity and freight economics rather than metropolitan growth alone. Data-centre underwriting adds electrical-service timing, redundancy, fibre routes, water strategy and local incentive obligations to the demand analysis. Energy-linked communities also require disciplined downside cases because construction activity, contractor lodging and local spending can move with commodity investment cycles.
Dallas–Fort Worth is a broad corporate, logistics and distribution market. Dallas and its northern suburbs attract office-linked mixed-use, medical, multifamily, retail and data-centre proposals, while Fort Worth and the western side of the metro combine industrial, aviation, defence-related manufacturing, hospitality and residential land development. The metroplex must be segmented by submarket: travel times, school districts, employment nodes, highway access and competing deliveries can matter more than a metro-wide average.
Houston supports port-related logistics, petrochemical and energy services, advanced manufacturing, healthcare and hospitality. Industrial studies distinguish port access from west- and north-side distribution corridors, while medical demand is evaluated around established and emerging healthcare nodes. Flood exposure, insurance, drainage and storm resilience can materially affect both costs and lender sensitivity. Austin combines technology, semiconductor investment, state government, higher education and a strong visitor economy. There, housing, hotel, retail and data-centre proposals require careful treatment of infrastructure timing, labour costs and the difference between announced investment and realised local demand.
San Antonio is shaped by military activity, healthcare, tourism, logistics and manufacturing, with financeable opportunities ranging from limited-service hotels and medical facilities to industrial space and suburban housing. El Paso functions as a cross-border manufacturing and distribution gateway where bridge access, customs flows, maquiladora supply chains and the timing of trade-related demand warrant project-specific analysis. Beyond the largest metros, Corpus Christi, the Rio Grande Valley, Lubbock, Amarillo, Midland–Odessa, Waco, College Station and Beaumont each have different combinations of port, university, agricultural, healthcare, energy and regional-service demand. Statewide conclusions are not substituted for evidence from the relevant commercial centre.
Texas development review is locally administered, and the path differs significantly among municipalities, counties and special districts. Depending on location and use, the critical path can include zoning or use approval, platting, building and fire review, driveway access, drainage, floodplain review, utility commitments, environmental permits and approvals from a municipal utility district or other service provider. Houston’s limited use of conventional zoning does not eliminate development controls; plats, deed restrictions, parking, floodplain, drainage and infrastructure requirements still shape site feasibility. In other cities, rezoning, specific-use permits, overlays, compatibility standards or neighbourhood processes can affect both timing and achievable density.
Unincorporated sites may appear less constrained but can carry greater infrastructure uncertainty. Water and wastewater availability, groundwater arrangements, septic suitability, road standards, annexation or extraterritorial-jurisdiction issues and utility-extension costs should be reconciled with the construction schedule and sources-and-uses budget. TxDOT access or drainage review can become a gating item on highway-oriented retail, fuel, hospitality and industrial projects. Coastal proposals add windstorm construction, evacuation, wetlands and storm-surge considerations; central and western markets may place greater emphasis on water supply and fire-flow capacity. Wert-Berater treats permits and third-party commitments as dated evidence, identifies unresolved dependencies and models delay or cost exposure rather than assuming an entitled site is shovel-ready.
Texas projects are financed through a varied network of community and regional banks, credit unions, Certified Development Companies, national lenders and specialist real-estate or equipment lenders. Relationship institutions often know the sponsor and local collateral but still need independent support for demand, ramp-up, operating assumptions and debt-service capacity. SBA 504 activity is particularly relevant to owner-occupied real estate and equipment, with the bank and CDC reviewing their respective portions; SBA 7(a) is frequently used for business acquisition, start-up and working-capital components. A feasibility study is prepared when the lender or CDC determines one is appropriate under SBA standards, not as a universal filing requirement.
USDA Rural Development opportunities extend well beyond the major metropolitan cores. The Texas state office and its area-office structure coordinate programmes for eligible rural businesses, community facilities, infrastructure and energy projects, while the Agency and participating lender determine the appropriate review for each proposal. Conventional lenders may focus more heavily on sponsor equity, guarantees, appraisal support, presales or preleasing and stressed coverage. Across channels, useful Texas assignments include industrial feasibility studies, advanced-manufacturing feasibility studies, data-centre feasibility studies, hotel feasibility studies, healthcare feasibility studies, multifamily feasibility studies and land feasibility studies. Wert-Berater brings a national, all-fifty-state practice to each Texas file while grounding demand, costs, competition and regulatory analysis in the project’s actual trade area.
Legal disclosure. Wert-Berater, Inc. offices are mailing addresses only. Following the COVID-19 pandemic the firm has elected to work remotely; its office locations receive mail and are not staffed for visitors or in-person meetings. Headquarters mailing address: 1968 South Coast Hwy, Ste 2382, Laguna Beach, CA 92651.
Wert-Berater, Inc. is an independent provider of feasibility studies and other related services. The firm does not provide financing or equity investment advice, and does not arrange, broker, or place debt or equity capital of any kind.
All appraisal assignments are performed by Bruce E. Jones, MAI, ASA-GC, BCA, CMEA, a member of the Appraisal Institute since 2006, a staff member of Wert-Berater, Inc. and owner of Special Purpose Realty Valuation.