An independent Travel Center Feasibility Study evaluating a travel center: fuel, convenience retail, and QSR in Castle Rock, Washington.
CASTLE ROCK, Washington — Wert-Berater, Inc., an independent feasibility study consulting firm serving lenders and government agencies since 1998, has completed a Travel Center Feasibility Study in Castle Rock, Washington.
Wert-Berater served as independent feasibility consultant to the lender and CDC. 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 travel center combining branded fuel, convenience retail, and quick-service restaurant operations on the Interstate 5 corridor at Castle Rock, Cowlitz County — the I-5 gateway between Portland and Seattle traffic and the Mount St. Helens recreation draw — evaluated for SBA 504 financing.
Component-level revenue modeling across fuel gallons, inside sales, and QSR; corridor traffic capture analysis; and a complete 160-slide study supported by a 65-tab model in which every figure links to the assumptions tab — ten-year pro forma, sensitivity at ±5/10/15 percent, interest-rate stress, and the full ratio suite benchmarked against industry data.
SBA 504 structure: senior bank first mortgage, CDC debenture, and borrower equity injection, with fixed-asset eligibility and occupancy requirements confirmed under the program rules.
High-coverage deals carry their own analytical burden: a 3.12x Year 1 DSCR invites the question of whether the revenue model is too optimistic, so the study’s work was defending the fuel-volume and inside-sales assumptions against corridor traffic data and industry benchmarks — proving the coverage was earned by the site, not assumed by the model. Margin compression and competitive-entry scenarios left repayment capacity intact in every case tested.
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.