CMCT subsidiaries obtain $92.2M mortgage loan from Deutsche Bank secured by Sheraton Grand Sacramento hotel

Creative Media & Community Trust Corp

Loan of up to $92.2M includes $84.3M closing advance to pay down $71.9M existing debt and fund hotel renovations.
Floating-rate, interest-only loan at one-month Term SOFR plus 4.35%, maturing Dec 2026 with three one-year extension options.
Company guarantees carveouts and must maintain net worth ≥ $75M and liquid assets ≥ $5M exclusive of collateral.
Loan secured by first liens on 505-room Sheraton Grand Sacramento and adjacent parking garage.
Up to $7.9M future advance to fund further renovations subject to conditions.

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