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Wert-Berater, Inc. — Independent Feasibility Study Consultants
Press Release · Outdoor Hospitality · Florida

Wert-Berater, Inc. Completes Waterfront RV Resort Feasibility Study in Navarre, Florida

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

Waterfront RV resort
Wert-Berater, Inc. Completes Waterfront RV Resort Feasibility Study in Navarre, Florida

For Immediate Release · 2026-01-28

Asset class
Outdoor Hospitality · Florida
Program
SBA 504
Evaluated value
$8,050,000
Study conclusion
Conditionally favorable — subject to adoption of the recommended site plan configuration, an increase in working capital reserves to $350,000, and conversion to a fixed interest rate at closing
Location
Navarre, Florida
Completed
2026

NAVARRE, Florida — Wert-Berater, Inc., an independent feasibility study consulting firm serving lenders and government agencies since 1998, has completed a Waterfront RV Resort Feasibility Study in Navarre, Florida.

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.

Project Summary

Feasibility analysis of a 34-site waterfront RV resort at Navarre on Florida’s Emerald Coast — between Pensacola Beach and Destin in one of the Gulf’s strongest beach-tourism corridors — evaluated for SBA 504 financing. Direct water frontage positions the property at the premium end of the regional RV market.

What the Project Included

Small-site premium-rate underwriting: with only 34 sites, the revenue case rests on rate rather than volume, so the analysis benchmarked nightly and seasonal rates against the waterfront RV comparable set, modeled the Gulf Coast seasonality curve, and quantified the snowbird long-stay segment that carries shoulder-season occupancy.

Capital Structure

SBA 504 structure: senior bank first mortgage, CDC debenture, and borrower equity injection consistent with special-purpose outdoor-hospitality property requirements.

Feasibility Study Challenges

Coastal Florida underwriting starts with wind and water: flood-zone determination, named-storm insurance cost and availability, and elevation requirements bear directly on both the development budget and the operating expense load, and a 34-site property has no scale to absorb surprises — so the study’s discipline was in the expense side and the downside cases as much as the premium-rate revenue argument.

About Wert-Berater, Inc.

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.

About this release. This announcement summarizes a completed, independent Wert-Berater engagement. Details have been anonymized to protect client and lender confidentiality; no borrower, lender, or property is identified. Figures reflect the project as evaluated at the study date.
Donald Safranek, MSc — President and feasibility study consultant, Wert-Berater, Inc.

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.

+1 310-857-2443 ext. 800  ·  email  ·  1968 South Coast Hwy, Ste 2382, Laguna Beach, CA 92651 · 111 Town Square Pl Ste 1238 PMB 657834, Jersey City, NJ 07310 · 539 W. Commerce St #8486, Dallas, TX 75208 · 66 W Flagler Street, Suite 900, PMB 12704, Miami, FL 33130

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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.

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