Company: CMCT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0000908311-25-000067
Chunk: 71

Company: Creative Media & Community Trust Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 71
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 consolidated balance sheet. The restricted cash on the Company’s consolidated balance sheets included funds related to the Company’s SBA 7(a) loan-backed notes was $2.8 million as of June 30, 2025.Other—Deferred debt issuance costs, which represent legal and third-party fees incurred in connection with the Company’s borrowing activities, are capitalized and amortized to interest expense on a straight-line or effective interest method over 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 June 30, 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.Future principal payments on the Company’s debt (face value) as of June 30, 2025 are as follows (in thousands):Years Ending December 31,Mortgage Payable (1)Secured Borrowings Principal (2)Lending Division Revolving Credit Facility Other (2) (3)Total2025 (Six months ending December 31, 2025)$87,300 $49 $— $3,496 $90,845 2026164,700 101 — 8,504 173,305 202795,011 107 8,250 7,235 110,603 202830,400 114 — 3,669 34,183 2029— 122 — — 122 Thereafter105,000 842 — 27,070 132,912 $482,411 $1,335 $8,250 $49,974 $541,970 ______________________(1)In regards to the $87.0 million Channel House Mortgage, which matures in 2025, see the discussion under Variable Rate Mortgages Payable. In regards to the $67.0 million 1150 Clay Mortgage, which matures on June 7, 2026, see the discussion under Fixed 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