An independent Marina Feasibility Study evaluating a full-service lake marina and resort operation in Lake Cumberland, Kentucky.
LAKE CUMBERLAND, Kentucky — Wert-Berater, Inc., an independent feasibility study consulting firm serving lenders and government agencies since 1998, has completed a Marina Feasibility Study in Lake Cumberland, Kentucky.
Wert-Berater served as independent feasibility consultant to the lender and USDA Rural Development. 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.
Feasibility analysis of a full-service marina and resort operation on Lake Cumberland — one of the largest reservoirs east of the Mississippi and among the busiest houseboating destinations in the United States — evaluated for a USDA Business & Industry guaranteed loan under Instruction 5001 in a rural Kentucky county where the marina is a primary economic anchor.
Multi-revenue-stream marina underwriting: wet-slip and dry storage rental, houseboat and watercraft rental fleets, fuel sales, service and repair, ship’s store, and food and beverage — each modeled against lake-level operating constraints, seasonality, and the destination tourism draw of the Lake Cumberland market.
USDA B&I guaranteed loan structure consistent with Instruction 5001 rural-area eligibility, collateralized by the marina’s real property, improvements, and operating assets.
Marina underwriting on a flood-control reservoir lives with the water level: seasonal drawdowns and multi-year lake-level management decisions directly drive slip utility, rental-fleet season length, and revenue timing, so the analysis had to demonstrate debt service capacity across the operating calendar rather than at a single stabilized point — alongside the concentration risk inherent in a destination market where the asset is both the business and the draw.
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.