Newsroom & Press Releases

A completed municipal hotel feasibility assessment in Belle Glade, Florida, received a FAVORABLE WITH CONDITIONS determination. The analysis found lodging demand, while an unsubsidized new build did not meet the required equity return; a public-capital path and an existing-property conversion remain conditional alternatives.

Wert-Berater, Inc. prepared an independent feasibility study for a $32.2 million pyrolysis and biochar enhanced-efficiency fertilizer manufacturing expansion at an operating plant in Jacksonville, Duval County, Florida, supporting a USDA FIELDS cost-share grant application and a USDA Business & Industry guaranteed term loan. The study evaluated economic, market, technical, financial, and management feasibility against federal program standards, rendering a weighted score of 3.72 of 5.00 and a determination of Conditionally Favorable, restating to Favorable upon satisfaction of three conditions precedent. Steady-state projections reflect $56.3 million in operating revenue, a 65.1% EBITDA margin, and first-production-year global debt-service coverage of 2.66x under a deliberately harsh full-payment convention against a 1.25x covenant.

Wert-Berater, Inc. prepared an independent feasibility study for a proposed low-carbon anhydrous ammonia production facility in Kern County, California, in support of a USDA Fertilizer Investment and Expansion for Long-term Domestic Supply (FIELDS) program application and for prospective lender review. The facility is designed to produce approximately 196,000 metric tonnes of anhydrous ammonia per year using a patented partial-oxidation process with carbon capture and geologic sequestration, qualifying for federal clean-hydrogen production credits. The overall determination rendered is Conditionally Feasible, with each of five analytical sections returning Favorable With Conditions against the FIELDS Feasibility Study Guide's prescribed elements.

Following the Export-Import Bank of the United States' announcement of $58 million in new critical-mineral transactions, the firm is expanding its independent feasibility study services for critical-mineral extraction, processing, refining and advanced-material projects — market, economic and financial analysis prepared to withstand EXIM project-finance and Make More in America review.

Wert-Berater prepared an independent SBA 504 feasibility study for a proposed 44-room ground-up select-service hotel with café and event room in downtown Seward, Alaska. The study evaluated economic, market, technical, financial, and management feasibility against SBA SOP 50 10 8 standards, replacing the sponsor's unsupported assumptions with analyst-developed figures throughout. The determination is Feasible Subject to Stated Conditions, contingent on verification of total project cost, program-minimum equity injection, a funded two-year debt-service reserve, and nine additional documented conditions precedent.

A new lender-facing service line: independent quarterly monitoring of SBA 504 credits for CDCs — borrower performance measured against the approved underwriting, with construction and startup surveillance, collateral documentation, risk-rating support and portfolio-level reporting for management and boards.

Wert-Berater, Inc. completed an independent feasibility study for a proposed wedding and event venue on a seven-acre site in the Tomball corridor of Harris County, Texas, evaluating a conventional first-mortgage loan against a total project cost of approximately $15.7 million. The study's determination is Favorable Subject to Conditions, as the project clears the lender's 1.20x debt-service coverage covenant under the borrower's demand case but fails materially under the study's own evidence-based demand case. Five conditions precedent—led by a pre-sold pipeline of signed wedding contracts with deposits—must be satisfied before the full loan amount can be supported.

Wert-Berater, Inc. completed an independent Highest and Best Use Study for two contiguous parcels totaling approximately 1.89 acres on a suburban commercial corridor in Mundelein, Lake County, Illinois. Applying Appraisal Institute four-test methodology, the study concluded that small-format commercial redevelopment emphasizing restaurant and small-shop retail uses represents the highest and best use of the combined assemblage, supported by an 8.0 percent stabilized yield on cost and a 17.7 percent ten-year equity IRR. A hybrid concept preserving a wedding and event venue component was also tested at the client's request and ranked fourth among ten alternatives examined.

Wert-Berater, Inc. prepared an independent six-site investment feasibility study for a proposed freestanding commercial truck wash in Northeast Ohio, evaluating candidate locations across four counties on fleet demand, corridor traffic, competitive gap, access, financial performance, and development risk. Applying weighted multi-criteria decision analysis, fatal-flaw screening, a bottom-up FMCSA fleet-demand model, and a 5,000-iteration Monte Carlo simulation, the study identified a Mahoning County site along a major interstate corridor as the clear first-ranked candidate. That recommended site was the only location among the six to clear a 15 percent equity IRR in the base case and held its top ranking under every weighting variant tested.

Wert-Berater prepared an independent SBA 504 feasibility study for a proposed 120-key, new-construction, upper-midscale all-suite hotel in Montgomery County, Alabama, with a total project cost of approximately $21.9 million. The analysis evaluated economic, market, technical, financial, and management feasibility against SBA SOP 50 10 8 standards, producing a determination of Feasible — Subject to Stated Conditions following a mid-engagement capital-structure revision. Stabilized Year-3 operating DSCR reached 1.365x under the revised structure, passing the SBA 1.15x minimum, conditioned on independent equity verification, a recorded land transfer, an executed management agreement, and guarantor financial statements.

With FIELDS and MPPEP Phase 4 closing in August 2026 and most FY 2027 windows still unposted, the firm has published a consolidated USDA Rural Development grant calendar and is scheduling feasibility studies now — standard two-week turnaround, RUSH delivery in 7 business days at additional cost.

The firm is taking orders for USDA-compliant FIELDS feasibility studies ahead of the August 17, 2026 application deadline — standard two-week turnaround, with RUSH delivery in 7 business days accepted at additional cost.

A new lender-facing service line: independent credit analysis and credit-memorandum preparation for USDA OneRD guaranteed lenders, delivered in the lender's own template and workflow.

An independent highest-and-best-use and building re-purpose study for an existing office property in San Antonio, Texas.

An independent market analysis and highest-and-best-use study for a proposed RV and boat storage development in California.

An independent Ambulatory Surgery Center Feasibility Study evaluating a ambulatory surgery center conversion in Maitland–Winter Park–Orlando corridor, Florida.

An independent Boat & RV Storage Feasibility Study evaluating a 437-space dry-stack boat and RV storage facility in Sarasota, Florida.

An independent Warehouse Feasibility Study evaluating a 48,560 SF hybrid owner-user industrial acquisition in Hayward, California.

An independent Gas Station Feasibility Study evaluating a 4,971 SF c-store, 16 fueling positions, dual QSR, EV supercharging in Palm Beach Gardens, Florida.

An independent Pickleball Facility Feasibility Study evaluating a 20-court indoor pickleball and padel sports complex in Middletown, Connecticut.

An independent Convenience Store & Fuel Feasibility Study evaluating a 4,623 SF c-store, 14 fueling positions, national-brand QSR in Palm Beach Gardens, Florida.

An independent Gas Station Feasibility Study evaluating a major-brand gas station expansion in Mountain Home, Idaho.

An independent Sports Complex Feasibility Study evaluating a three-phase regional public sports district in Anthony, New Mexico.

An independent Car Wash & Pad Highest & Best Use Study evaluating a concluded-use development cost in Chino, California.

An independent Retail Development Feasibility Study evaluating a 7,200 SF dual-tenant retail building in Grain Valley, Missouri.

An independent Distributed Fertilizer Manufacturing Platform Feasibility Study evaluating a distributed fertilizer manufacturing platform across three rural Upper Midwest communities in Benson, Minnesota.

An independent Fertilizer Production Facility Feasibility Study evaluating a fertilizer production facility with on-site energy generation on a rural Ozark site in Green Forest, Arkansas.

An independent Assisted Living Feasibility Study evaluating a 26-unit assisted living facility acquisition in Cortez, Colorado.

An independent Food Hall Feasibility Study evaluating a 18-pad food-cart pod anchored by a two-story 9,801 SF taproom and dining hall in Gresham, Oregon.

An independent Fertilizer Manufacturing Expansion Feasibility Study evaluating a manufacturing capacity expansion at an operating rural fertilizer production site in Turkey, North Carolina.

An independent Resort Feasibility Study evaluating a 60-unit hybrid boutique resort refinance in Dunsmuir, California.

An independent Truck Stop Feasibility Study evaluating a 1,000-space interstate travel center and truck stop in Scott Depot, West Virginia.

An independent Wellness Center Feasibility Study evaluating a 51,999 SF wellness center in Costa Mesa, California.

An independent Commercial Corridor Highest & Best Use Study evaluating a commercial corridor highest and best use study in Pasadena, California.

An independent RV Resort Feasibility Study evaluating a 100-site destination RV resort on 55 acres in Van Zandt County, Texas.

An independent Tribal Travel Center Feasibility Study evaluating a highway travel center: fuel, convenience, QSR, and retail strip in US-50 corridor, Nevada.

An independent Biochar Manufacturing Feasibility Study evaluating a integrated bio-carbon (biochar) pyrolysis manufacturing facility in Indiantown, Florida.

An independent Travel Center Feasibility Study evaluating a travel center: fuel, convenience retail, and QSR in Castle Rock, Washington.

An independent Gulf Coast Fertilizer Manufacturing Feasibility Study evaluating a two-site Gulf Coast fertilizer manufacturing program in Orange, Texas.

An independent Pickleball Clubhouse Feasibility Study evaluating a six-court outdoor recreation and taproom social venue in Buda, Texas.

An independent Boutique Lodge Feasibility Study evaluating a six-cabin boutique hospitality lodge with guest-services building in Valdez, Alaska.

An independent Condominium Feasibility Study evaluating a 184-unit Class A condominium sell-out in Winter Haven, Florida.

An independent Fuel, Convenience & Liquor Feasibility Study evaluating a 5,600 SF gas station, convenience store, and packaged-liquor destination in Madison, Alabama.

An independent Marina Feasibility Study evaluating a full-service lake marina and resort operation in Lake Cumberland, Kentucky.

An independent Waterfront RV Resort Feasibility Study evaluating a 34-site waterfront RV resort on Santa Rosa Sound in Navarre, Florida.

An independent Downtown Parcels Highest & Best Use Study evaluating a three-parcel downtown highest and best use analysis in Mountain Home, Idaho.

An independent Winery Event Venue Feasibility Study evaluating a luxury wedding and event venue with 9-key boutique hotel in Temecula Valley, California.

An independent Cold Storage Feasibility Study evaluating a 125,000 SF airport-integrated cold storage center in Kenner, Louisiana.

An independent Aviation Services Expansion Feasibility Study evaluating a phase II hangar and aviation-services expansion of an established operating platform in Bridgeport, West Virginia.

An independent Commercial Land Highest & Best Use Study evaluating a 8.343-acre commercial assemblage in Eustis, Florida.

An independent Event Venue Feasibility Study evaluating a wedding and event venue on 29.6 acres in Conway, South Carolina.

An independent Greenhouse Feasibility Study evaluating a geothermal-heated greenhouse and nursery enterprise in Radium Springs, New Mexico.

An independent Airport Parking Facility Feasibility Study evaluating a off-airport parking facility serving George Bush Intercontinental Airport (IAH) in Humble, Texas.

An independent Cold Storage Feasibility Study evaluating a 102,471 SF refrigerated cold storage facility in Amarillo, Texas.

An independent Building Repurposing Highest & Best Use Study evaluating a 17-story, 184,960 SF office tower repositioning in Durham, North Carolina.

An independent Oilfield Services Feasibility Study evaluating a multi-basin oilfield well-servicing expansion in Troy, Michigan.

An independent Large-Format Liquor Retail Feasibility Study evaluating a large-format liquor retail development in Doraville, Georgia.

An independent Sugar Refinery Restoration Feasibility Study evaluating a restoration of an idle sugar refinery to production in Santa Rosa, Texas.

An independent Private Montessori School Feasibility Study evaluating a private Montessori school serving 120 students in the Vail Valley in Avon / Edwards, Colorado.

An independent Express Car Wash Feasibility Study evaluating a ground-up express tunnel car wash on a primary arterial corridor in Alhambra, California.

An independent Marina Hospitality Feasibility Study evaluating a boutique marina hospitality redevelopment with floating lodging units in Catskill, New York.

An independent Medical Office Feasibility Study evaluating a 19-building medical office village on 12.18 acres in Foley, Alabama.

An independent Truck Stop Feasibility Study evaluating a major-brand truck stop: 4,000 SF c-store with gasoline and diesel canopies on 6 acres in Delhi, California.

An independent Historic Wedding & Event Venue Feasibility Study evaluating a evaluated acquisition-and-renovation loan facility in Reading, Pennsylvania.

An independent Mixed-Use Redevelopment Feasibility Study evaluating a 100-acre adaptive reuse of a former regional mall into a phased mixed-use residential, retail, and hospitality district in Plano, Texas.

An independent Community Development Plan Feasibility Study evaluating a citywide community development plan in Laredo, Texas.