Theresa Miller is the owner of Cineplex Universal, a holding company for a chain of 12 movie theaters and a small TV station in Kansas City. Although the company is privately owned, Mrs. Miller and Cineplex Universal have been a long-standing client of Mesa Verde Financial, with the relationship dating back to 1990. Mrs. Miller has recently approached Mesa Verde Financial regarding her expansion efforts to purchase a 21-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 rates). Mrs. Miller plans to operate one of the stores as both a distributor and a retailer for childrens accessories, and wants to gain a direct retail license from Disney as well as a $10,000,000 line of credit. Rent income on the building is expected to yield $180,000 per month. Mrs. Miller also projects that distribution revenues can yield from $75,000 to $100,000 per month and retail sales of $30,000 to $50,000 per month. Mrs. Miller has asked for a $10,000,000 line of credit as 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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