Company: CMCT
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000908311-25-000038
Chunk: 61

Company: Creative Media & Community Trust Corp
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 61
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 the life of the related loan. Deferred debt issuance costs are presented net of accumulated amortization and are a reduction to total debt. As of March 31, 2025 and December 31, 2024, accrued interest and unused commitment fees payable of $2.4 million and $1.1 million, respectively, were included in accounts payable and accrued expenses.

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Table of ContentsCREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTSMarch 31, 2025 (Unaudited) – (Continued)

Future principal payments on the Company’s debt (face value) as of March 31, 2025 are as follows (in thousands):Years Ending December 31,Mortgage Payable (1)Secured Borrowings Principal (2)2022 Credit Facility (3)Other (2) (4)Total2025 (Nine months ending December 31, 2025)$154,000 $70 $15,000 $5,855 $174,925 202697,100 100 — 8,504 105,704 202793,359 107 — 7,235 100,701 2028— 114 — 3,669 3,783 2029— 121 — — 121 Thereafter105,000 837 — 27,070 132,907 $449,459 $1,349 $15,000 $52,333 $518,141 ______________________(1)With respect to the $154.0 million of mortgages payable maturing in 2025, each such mortgage payable has a one-year extension option. The extension option for the fixed rate mortgage is at the Company’s discretion and the Company intends to execute such option. In regards to the Channel House Mortgage, see the discussion under Variable Rate Mortgages Payable.(2)Principal payments on secured borrowings and SBA 7(a) loan-backed notes, which are included in Other, are generally dependent upon cash flows received from the underlying loans. The Company’s estimate of their repayment is based on scheduled payments on the underlying loans. The Company’s estimate will differ from actual amounts to the extent the Company experiences prepayments and/or loan liquidations or charge-offs. (3)The 2022 Credit Facility paid off and terminated in April 2025. 

(4)