8275 W Amarillo Blvd
Acquisition Package
Live financial models, deal documents, and research backing the proposed acquisition of the former United Artists movie theater for Power Church's new home. Click any card below to open.
Interactive Modeler
Three financing scenarios, all sliders update math in real time. Committee Plan ($3.04M ANB conventional), Strategic Counter ($2M to Cinergy + $2M construction), and Master Lease + Buyout fallback. 12-month cash flow roll-forward at the bottom.
Decision Documents
Committee Packet
Full committee decision document — three scenarios, recommendation framework, open questions, voting guidance.
Loan Packet · Conventional
$3.04M ANB acquisition mortgage — 13 sections, demographics, comp sales, DSCR, underwriter Q&A. DSCR 1.16x at tithes only.
Loan Packet · Seller-Carry
Parallel proposal: Cinergy carries the $3.04M acquisition note; ANB funds only the ~$2M renovation construction loan. Permanent ~$5.04M after refi.
Seller Pitch
Letter to Deeter Prater (Llano Realty) and the seller (Cinergy 110 LLC). $1.5M-$2M concession ask, two structural alternatives, 30-minute meeting request.
Pro Forma Detail
Complete pro forma analysis with sensitivity tables, scenario reconciliation, and math verification.
Research & Methodology
ARV Research
301 lines · 3-approach valuation (cost / income / comps) · Recommended ARV $9.1M mid-case
Bank Research
552 lines · TxDOT traffic · 2024 ACS demographics · Comp sales · Mortgage rates · Zoning verified
Lease Comp Research
Cinergy intel · Theater→church comps (Littleton CO Apr 2026) · Free-rent norms · Recommended ask
Power Church Track Record
9 years of sourced community work · Barrio Bash · APD partnership · Food pantry · DV Faith Summit · Healing Prayer Walk · ABCD 501(c)(3)
Grants — ASAP Pipeline
18 viable grants · $400K–$1.6M addressable · Top 3 with deadlines this month: AAF Catalyst (May 15), Bivins (May 18), Walmart Spark Good. Routing strategy + 20-doc application checklist.
Blueprint Hunt
How to get the actual 1998 architectural drawings · City of Amarillo TPIA path · Seller-deliverables PSA clause · TDLR ADA filings · Industry estimates for footprint, HVAC, ceiling heights, roof age
The Deal in One Page
The Property
- · 8275 W Amarillo Blvd, Amarillo TX
- · 83,422 sqft on 10.61 acres
- · Built 1998, vacant 32 months
- · Owner: Cinergy 110 LLC (Cinergy Entertainment Group, Dallas)
- · Listed at $5.5M ($66/sqft) · Negotiated to $3.8M
- · 2015 prior sale: $12.5M
The Financing
- · $3.8M purchase, 20% down ($760K from Power Church Building Fund)
- · $3.04M ANB conventional mortgage @ 7% / 25-yr
- · Year-1 facility cost: ~$54K/mo (during transition)
- · Steady-state: ~$44K/mo (after SE 10th sells)
- · DSCR at conservative income: 2.08x
- · DSCR on tithes alone (stress floor): 1.16x
The Borrower
- · Power Church (Texas 501(c)(3))
- · Pastor Manny De Los Santos
- · $100K/mo gross giving · $25K/mo deployable surplus
- · Existing facility: 1344 SE 10th Avenue
- · Existing real estate appraised at ~$1.9M
- · Multi-year operational history
Why This Deal
- · 70% below 2015 peak value
- · Move-in-ready building (no construction risk)
- · Parking: 629 spaces (25.8% over Amarillo Code minimum)
- · ARV at research mid-case: $9.1M
- · Loan-to-value: 33% (over-collateralized 3:1)
- · Demographics: ZIP 79124 median HH $101K-$112K