Company: CMCT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0000908311-25-000067
Chunk: 171

Company: Creative Media & Community Trust Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 171
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 June 30, 2025Mortgages Payable:Fixed rate mortgages payable$269,100 $— $— $— $269,100 Variable rate mortgages payable171,346 42,065 (100)— 213,311 440,446 42,065 (100)— 482,411 Deferred debt origination costs — Mortgages Payable(3,995)(1,880)— 1,236 (4,639)Total Mortgages Payable436,451 40,185 (100)1,236 477,772 Secured Borrowings — Government Guaranteed Loans:Outstanding Balance1,361 — (26)— 1,335 Unamortized premiums22 — — (1)21 Total Secured Borrowings — Government Guaranteed Loans1,383 — (26)(1)1,356 Other Debt:Lending division revolving credit facility — 8,250 — — 8,250 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 — (4,953)— 22,904 Deferred debt origination costs — other(733)— 59 170 (504)Discount on junior subordinated notes(1,296)— — 53 (1,243)Total Other Debt67,898 8,250 (19,894)223 56,477 Total Debt, Net$505,732 $48,435 $(20,020)$1,458 $535,605 (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 quarter ended June 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