Company: CMCT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0000908311-25-000096
Chunk: 185

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 185
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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.  (2)Principal payments on secured borrowings and SBA 7(a) loan-backed notes, which are included in Other, are generally dependent upon cash flows received from the underlying loans. The Company’s estimate of their repayment is based on scheduled payments on the underlying loans. The Company’s estimate will differ from actual amounts to the extent the Company experiences prepayments and/or loan liquidations or charge-offs. 

(3)Represents the junior subordinated notes and SBA 7(a) Loan-Backed Notes. 

8. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIESIn the ordinary course of business, the Company may use certain types of derivative instruments for the purpose of managing or hedging its interest rate risk. The following table summarizes the terms of the Company’s interest rate cap agreements as of September 30, 2025 (dollar amounts in thousands):   Outstanding Notional   Fair Value of AssetsBalance SheetAmount as ofStrikeEffectiveMaturityas ofLocationSeptember 30, 202