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Mrs. Peter is the owner of Cinemax Universal, a holding company for a chain of 12 movie theaters and a small TV station in New
Mrs. Peter is the owner of Cinemax Universal, a holding company for a chain of 12 movie theaters and a small TV station in New Orleans. Although the company is privately owned, Mrs. Peters and Cinemax Universal have been a long-standing client of Buena Vista Broadcasting, with the relationship dating back to 1990. Mrs. Pewters has recently approached Buena Vista regarding her expansion efforts to purchase a 23-store commercial office building that is expected to be fully occupied (10 leases are contracted with tenants for up to five years with provisions for renewal and step-up rental income). Mrs. Peters plans to operate one of the stores as both a distributor and retailer for children's accessories, and wants to gain a direct retail license from Disney as well s a $10MM line of credit. Rent rolls on the building are expected to yield $180,000 per month. Mrs. Peters also projects that distribution revenues can yield from $75,000 to $100,000 per month and retail sales of $30,000-$50,000 per month. Mrs. Peters has asked for the $10MM line of credit s part of her working capital needs and says she would be willing to pledge an assignment of rental proceeds as collateral.
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