Company: CMCT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0000908311-25-000096
Chunk: 68

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 68
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inationAs of September 30, 2025Number of Loans20252024202320222021Prior TotalLoans by internal risk rating:182$2,628 $3,590 $4,597 $2,799 $2,546 $9,907 $26,067 262589 4,848 4,792 3,129 3,087 5,377 $21,822 32— — — — — 774 $774 43— — 866 718 — 769 $2,353 5—— — — — — — $— Total149$3,217 $8,438 $10,255 $6,646 $5,633 $16,827 $51,016 Plus: SBA 7(a) loans receivable, subject to secured borrowings (1)1,343 Plus: Deferred capitalized costs, net1,005 Less: Current expected credit losses (2,617)Plus: Held for sale guaranteed portion770 Total loans receivable, net$51,517 Weighted average risk rating1.5____________________(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 September 30, 2025 and December 31, 2024, 99.4% and 99.5%, respectively, of the Company’s loans subject to credit risk were concentrated in the hospitality industry. As of September 30, 2025 and December 31, 2024, 92.0% and 92.3%, respectively, of the Company’s loans subject to credit risk were current. The Company classifies loans with negative characteristics in substandard categories ranging from special mention to doubtful. As of September 30, 2025 and December 31, 2024, $6.4 million and $4.8 million, respectively, of loans subject to credit risk were classified in substandard categories. 

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Table of ContentsCREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTSSeptember