Movie Theatre – Cash Out

Bakersfield, CA


Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place a bridge loan for the lease-up and stabilization of a retail property.

Property Description

The property is a six-unit retail site in Bakersfield, CA. The proceeds will be used to continue the lease-up and help keep the movie theater operating.


The sponsor is a boutique movie theater company that caters to a Latinx audience. The company owns additional movie theater and retail sites as well.


  • The sponsor was looking to get a bridge loan quickly as their lease-up process was delayed by a commercial agent and then COVID-19.


  • Funding was secured through a hard money lender that offered flexible terms and a fast close allowing the sponsor to resume work on the lease-up.


  • Loan-to-Value: 55%
  • Interest Rate: 10.35%
  • Term: 12 Years
  • Recourse: Non-recourse
  • Interest Only: 12 Months
  • Prepayment: No penalty

Senior Director  | Capital Advisor