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.
GRESHAM, Oregon — Wert-Berater, Inc., an independent feasibility study consulting firm serving lenders and government agencies since 1998, has completed a Food Hall Feasibility Study in Gresham, Multnomah County, Oregon.
Wert-Berater served as independent feasibility consultant to the lender. Party names are withheld consistent with the confidential nature of underwriting and capital-advisory work; figures represent the project as evaluated at the study date.
Ground-up development of an eighteen-pad food-cart pod anchored by a two-story, 9,801-square-foot pre-engineered metal taproom and dining hall in the eastern Portland metropolitan market. The study underwrote the asset as a specialty hospitality property whose income depends on cart-pad rents, taproom sales, and shared common-area throughput, concluding an indicated value of approximately $6.92 million against total project cost of $6,333,516 — a loan-to-value near 57 percent at the evaluated loan amount.
Eighteen serviced food-cart pads with utility hookups, a two-story taproom and indoor dining hall, shared restrooms and covered seating, parking, and full site improvements — a managed food-hall platform rather than a single-tenant restaurant.
Conventional bank financing of $3,958,000 — roughly 57 percent of indicated value with a 12.2 percent debt yield — against borrower equity funding the balance of the development budget. Specific facility terms are withheld consistent with engagement confidentiality.
The credit turns almost entirely on one input: the pad rent the pod can actually achieve. Rather than adopt the sponsor’s pro-forma rate, the study concluded an independent, market-supported pad rent and stress-tested coverage against it — stabilized coverage of 1.51x at the underwritten rate compressing to roughly 1.34x at the study’s more conservative concluded rate, still above conventional coverage minimums. Management feasibility was rated favorable with conditions given the operating intensity of a multi-vendor food hall, where common-area management, vendor turnover, and taproom execution drive the difference between the base and downside cases.
Wert-Berater, Inc. is an independent feasibility study consulting firm founded in 1998, providing lender- and agency-facing feasibility studies, highest-and-best-use analyses, and capital-advisory support. The firm has completed 4,000+ engagements across all 50 states and internationally, evaluating over $41.2 billion in project value for SBA, USDA, EB-5, conventional, and institutional financing decisions. In every engagement, fiduciary duty runs to the lender and the applicable agency.
Media contact: Donald Safranek, MSc, President, Wert-Berater, Inc. — +1 310-857-2443 ext. 800. Press inquiries only; client, lender, and property identities remain confidential.
President, Wert-Berater, Inc. — independent feasibility study consultants since 1998. 4,000+ engagements completed across all 50 states and internationally, evaluating $41.2 billion in project value for SBA, USDA, EB-5, conventional, and institutional financing decisions. Fiduciary duty runs to the lender and agency in every engagement.
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Schedule a ConversationIndependent feasibility studies since 1998 — 4,000+ engagements, $41.2 billion in evaluated project value. Standard delivery in 10 to 15 business days. Fiduciary duty to the lender and agency.
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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.