Company: CMCT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0000908311-25-000096
Chunk: 76

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 76
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 Loan-Backed Notes as debt on its consolidated balance sheet. The restricted cash on the Company’s consolidated balance sheets included funds related to the Company’s SBA 7(a) Loan-Backed Notes was $3.6 million as of September 30, 2025.Other—Deferred debt issuance costs, which represent legal and third-party fees incurred in connection with the Company’s borrowing activities, are capitalized and amortized to interest expense on a straight-line or effective interest method over the life of the related loan. Deferred debt issuance costs are presented net of accumulated amortization and are a reduction to total debt. As of September 30, 2025 and December 31, 2024, accrued interest and unused commitment fees payable of $2.4 million and $1.1 million, respectively, were included in accounts payable and accrued expenses.

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Table of ContentsCREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTSSeptember 30, 2025 (Unaudited) – (Continued)

Future principal payments on the Company’s debt (face value) as of September 30, 2025 are as follows (in thousands):Years Ending December 31,Mortgage Payable (1)Secured Borrowings Principal (2)Lending Division Revolving Credit Facility Other (2) (3)Total2025 (Three months ending December 31, 2025)$150 $25 $— $1,020 $1,195 2026164,004 102 — 8,504 172,610 2027176,230 108 9,250 7,235 192,823 202830,400 116 — 3,669 34,185 2029— 123 — — 123 Thereafter105,000 849 — 27,070 132,919 $475,784 $1,323 $9,250 $47,498 $533,855 ______________________(1)In regards to the $66.3 million 1150 Clay Mortgage, which matures on June 7, 2026, see the discussion under Fixed Rate Mortgages Payable. In regards to the $97.1 million 1 Kaiser Mortgage, which matures on July 1, 2026, see the discussion under Fixed Rate Mortgages Payable.