Company: CMCT
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000908311-25-000038
Chunk: 53

Company: Creative Media & Community Trust Corp
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 53
---
 the sponsor, borrower and guarantor(s). Loans are rated “1” (less risk) through “5” (greater risk), which ratings are defined in Note 2 - Basis of Presentation and Summary of Significant Accounting Policies.

16

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

The Company’s primary credit quality indicator is its risk ratings, which are further discussed above. The following table presents the net book value of the Company’s loans receivable portfolio as of March 31, 2025 by year of origination, loan type and risk rating (dollar amounts in thousands):Amortized Cost of Loans Receivable by Year of OriginationAs of March 31, 2025Number of Loans20252024202320222021Prior TotalLoans by internal risk rating:196$965 $5,686 $5,150 $3,355 $3,884 $11,504 $30,544 258— 2,753 4,255 4,910 2,254 5,996 $20,168 31— — — — 435 — $435 42— — 904 — — 478 $1,382 5—— — — — — — — Total157$965 $8,439 $10,309 $8,265 $6,573 $17,978 $52,529 Plus: SBA 7(a) loans receivable, subject to secured borrowings (1)1,371 Plus: Deferred capitalized costs, net1,070 Less: Current expected credit losses (2,071)Plus: Held for sale guaranteed portion140 Total loans receivable, net$53,039 Weighted average risk rating1.4____________________(1)The Company does not assign a risk rating to its SBA 7(a) loans receivable that are subject to secured borrowings or the government guaranteed portion of loans held for sale. The Company has determined there is no credit risk associated with these loans since the SBA has guaranteed payment of the principal.Other

As of March 31, 2025 and December 31, 2024, 99.4% and 99.5