Company: CMCT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0000908311-25-000096
Chunk: 70

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 70
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 following table summarizes the debt balances as of September 30, 2025 and December 31, 2024 and the debt activity for the nine months ended September 30, 2025 (in thousands):During the Nine Months Ended September 30, 2025Balances as of December 31, 2024Debt Issuances & AssumptionsRepayments (1)Accretion & (Amortization)Balances as of September 30, 2025Mortgages Payable:Fixed rate mortgages payable$269,100 $— $(697)$— $268,403 Variable rate mortgages payable171,346 42,285 (6,250)— 207,381 440,446 42,285 (6,947)— 475,784 Deferred debt origination costs — Mortgages Payable(3,995)(2,326)— 1,885 (4,436)Total Mortgages Payable436,451 39,959 (6,947)1,885 471,348 Secured Borrowings — Government Guaranteed Loans:Outstanding Balance1,361 — (38)— 1,323 Unamortized premiums22 — — (2)20 Total Secured Borrowings — Government Guaranteed Loans1,383 — (38)(2)1,343 Other Debt:Lending division revolving credit facility — 9,250 — — 9,250 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 — (7,429)— 20,428 Deferred debt origination costs — other(733)— 59 218 (456)Discount on junior subordinated notes(1,296)— — 80 (1,216)Total Other Debt67,898 9,250 (22,370)298 55,076 Total Debt, Net$505,732 $49,209 $(29,355)$2,181 $527,767 (1)The write-off of $59,000 of deferred debt issuance costs associated with the 2022 Credit Facility Term Loan (as defined below