Company: CMCT
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000908311-25-000038
Chunk: 55

Company: Creative Media & Community Trust Corp
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 55
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 accretion of acquired intangible assets and liabilities as of March 31, 2025, is as follows (in thousands): AssetsYears Ending December 31,AcquiredIn-PlaceLeases2025 (Nine months ended December 31, 2025)$91 2026123 2027123 2028122 202972 Thereafter— $531 

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

7. DEBTThe following table summarizes the debt balances as of March 31, 2025 and December 31, 2024, and the debt activity for the three months ended March 31, 2025 (in thousands):During the Three Months Ended March 31, 2025Balances as of December 31, 2024Debt Issuances & AssumptionsRepaymentsAccretion & (Amortization)Balances as of March 31, 2025Mortgages Payable:Fixed rate mortgages payable$269,100 $— $— $— $269,100 Variable rate mortgage payable171,346 9,013 — — 180,359 440,446 9,013 — — 449,459 Deferred debt origination costs — Mortgages Payable(3,995)(119)— 517 (3,597)Total Mortgages Payable436,451 8,894 — 517 445,862 Secured Borrowings — Government Guaranteed Loans:Outstanding Balance1,361 — (12)— 1,349 Unamortized premiums22 — — (1)21 Total Secured Borrowings — Government Guaranteed Loans1,383 — (12)(1)1,370 Other Debt: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 — (2,594)— 25,263 Deferred debt origination costs — other(733)(73)— 168 (638