Company: CMCT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0000908311-25-000096
Chunk: 179

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 179
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6,947)1,885 471,348 Secured Borrowings — Government Guaranteed Loans:Outstanding Balance1,361 — (38)— 1,323 Unamortized premiums22 — — (2)20 Total Secured Borrowings — Government Guaranteed Loans1,383 — (38)(2)1,343 Other Debt:Lending division revolving credit facility — 9,250 — — 9,250 2022 credit facility revolver1,367 — (1,367)— — 2022 credit facility term loan13,633 — (13,633)— — Junior subordinated notes27,070 — — — 27,070 SBA 7(a) loan-backed notes27,857 — (7,429)— 20,428 Deferred debt origination costs — other(733)— 59 218 (456)Discount on junior subordinated notes(1,296)— — 80 (1,216)Total Other Debt67,898 9,250 (22,370)298 55,076 Total Debt, Net$505,732 $49,209 $(29,355)$2,181 $527,767 (1)The write-off of $59,000 of deferred debt issuance costs associated with the 2022 Credit Facility Term Loan (as defined below) resulting from the early extinguishment of debt incurred during the nine months ended September 30, 2025 is reflected here within deferred debt issuance costs — other. See further discussion under 2022 Credit Facility. Fixed Rate Mortgages Payable—The Company’s fixed rate mortgages payable are non-recourse and are secured by, among other things, first priority deeds of trust, security agreements or other similar security instruments on the fee simple interests in properties underlying such mortgages and assignments of rents receivable. As of September 30, 2025, the Company’s fixed rate mortgages payable had fixed interest rates of 6.25%, 4.14% and 7.41% per annum, with payments of interest only and maturity dates of June 7, 2026, July 1, 2026, and January 11, 2030, respectively. In regards to the mortgage payable with a balance of $66.3 million as of September 30, 2025 maturing on June 7, 202