---
schema_version: "secwatch.filing_event.v1"
accession: "0000908311-22-000114"
form_type: "8-K"
ticker: "CMCT"
cik: "0000908311"
company_name: "Creative Media & Community Trust Corp"
filed_at: "2022-12-20T23:59:59+00:00"
generated_at: "2026-06-21T02:17:01.374461+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CMCT subsidiaries enter $150M revolver and $56.23M term loan; matures Dec 2025

## Summary
- Facility consists of $150M secured revolver and $56.23M secured term loan; term loan proceeds repaid existing revolver borrowings.
- Maturity December 16, 2025; two one-year extension options available to borrowers.
- Interest rates: Term SOFR + 2.5% per annum or Alternate Base Rate + 1.5% per annum.
- Financial covenants include max leverage ratio of 60%, minimum net worth, and fixed charge coverage ratio of 1.05x.
- Borrowing base is formulaic based on property values; no amount drawn on revolver at closing.

## SEC filing metadata
- accession: 0000908311-22-000114
- form_type: 8-K
- ticker: CMCT
- cik: 0000908311
- company_name: Creative Media & Community Trust Corp
- filed_at: 2022-12-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908311/000090831122000114/0000908311-22-000114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908311/000090831122000114/cmct-20221216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908311-22-000114
- JSON: https://secwatch.observer/filing/0000908311-22-000114.json
- Plain text: https://secwatch.observer/filing/0000908311-22-000114.txt

## Key facts
- Material Agreements
  Creative Media & Community Trust Corp entered into Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. valued at $150,000,000 secured revolving credit facility and $56,230,000 secured term loan facility (effective 2022-12-16).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: $150,000,000 secured revolving credit facility and $56,230,000 secured term loan facility
  - Effective: 2022-12-16
  source text: On December 16, 2022, certain wholly-owned subsidiaries of Creative Media & Community Trust Corporation (the “ Company ”), consisting of 9460 Wilshire Blvd (BH) Owner, L.P., CIM/11600 Wilshire (Los Angeles), LP, CIM/11620 Wilshire (Los Angeles), LP, 1130 Howard (SF) Owner, L.P., CIM Urban REIT Properties IX, L.P., CIM/J Street Hotel Sacramento, L.P., CIM/J Street Garage Sacramento, L.P., and Two Kaiser Plaza (Oakland) Owner, LLC (each a “ Borrower ” and, together, the “ Borrowers ”), entered into an Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders from time to time party thereto (the “ Credit Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/908311/000090831122000114/0000908311-22-000114-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.