About

Who We Are
Established in 1998, Wert-Berater, Inc. provides independent, bankable feasibility studies for projects where financing approval, regulatory compliance, and capital risk are material considerations. Over more than a quarter century the firm has completed in excess of four thousand engagements, and its work has supported lender, agency, and institutional decision-making across a wide range of complex, capital-intensive projects, including those subject to SBA, USDA, and conventional bank underwriting review. That body of experience spans commercial real estate, hospitality, marina and recreation, fuel and convenience retail, healthcare and senior living, manufacturing, renewable energy, and agricultural processing, in markets across all fifty states and, on a case-by-case basis, internationally.

Our Core Discipline
Feasibility analysis is our core focus. Supporting disciplines — including commercial appraisal, valuation, and highest and best use analysis — are applied where required to strengthen underwriting credibility and risk assessment. The firm does not rely on borrower-supplied market data; it conducts its own primary and secondary research, benchmarks every operating assumption against recognized sources such as RMA and IBISWorld, and documents the basis for each conclusion so that the analysis survives third-party scrutiny.

Analytical Standards
What distinguishes the firm is the combination of institutional analytical rigor and genuine independence. Each study is built to CFA, MBA, and MAI-equivalent standards and is held consistent with USPAP principles of objectivity and documented reasoning. The financial model underlying every engagement is fully linked and free of hardcoded values, allowing any reviewing party to test the sensitivity of the conclusions to changes in the underlying assumptions.

Independence, Non-Negotiable
We focus on delivering defensible, underwriting-credible analysis so decision-makers can allocate capital with confidence. Fiduciary duty runs exclusively to the lender and the agency, and determinations are never revised under commercial pressure. This discipline — independence that is non-negotiable, analysis that is sourced and auditable, and a determination that follows the evidence — is the foundation on which the reputation of the firm with lenders and agencies has been built.