Company: CMCT
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000908311-25-000038
Chunk: 75

Company: Creative Media & Community Trust Corp
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 75
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 value on a recurring basis on the Company’s consolidated balance sheets are as follows (dollar amounts in thousands): March 31, 2025December 31, 2024  CarryingAmountEstimatedFair ValueCarryingAmountEstimatedFair ValueLevelAssets: SBA 7(a) loans receivable, subject to credit risk$19,717 $20,099 $18,850 $18,994 3 SBA 7(a) loans receivable, subject to loan-backed notes$31,800 $34,721 $34,452 $37,657 3 SBA 7(a) loans receivable, subject to secured borrowings$1,371 $1,371 $1,383 $1,383 3 SBA 7(a) loans receivable, held for sale$151 $152 $1,525 $1,600 3 Liabilities: Mortgages payable (1)$269,100 $233,949 $269,100 $233,364 3 Junior subordinated notes (1)$27,070 $25,888 $27,070 $25,415 3 ______________________

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

(1)The carrying amounts for the mortgages payable and junior subordinated notes represents the principal outstanding amounts, excluding deferred debt issuance costs and discounts.

14. RELATED-PARTY TRANSACTIONSAsset Management and Other Fees to Related PartiesAsset Management Fees; Administrative Fees and Expenses—CIM Urban Partners, L.P., a wholly-owned subsidiary of the Company, and CIM Capital, LLC, an affiliate of CIM Group (“CIM Capital”), have an investment management agreement, pursuant to which CIM Urban engaged CIM Capital to provide certain services to CIM Urban (the “Investment Management Agreement”). CIM Capital has assigned its duties under the Investment Management Agreement to its four wholly-owned subsidiaries: CIM Capital Securities Management, LLC, a securities manager, CIM Capital RE Debt Management, LLC, a debt manager, CIM Capital Controlled Company Management, LLC, a controlled company manager, and CIM Capital Real Property Management, LLC, a real property manager. The “Operator” refers to CIM Capital and its four wholly-owned subsidiaries. The Company and its subsidiaries