---
schema_version: "secwatch.filing_event.v1"
accession: "0000908311-24-000069"
form_type: "8-K"
ticker: "CMCT"
cik: "0000908311"
company_name: "Creative Media & Community Trust Corp"
filed_at: "2024-12-10T23:59:59+00:00"
generated_at: "2026-05-29T05:25:43.878242+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000908311-24-000069
- form_type: 8-K
- ticker: CMCT
- cik: 0000908311
- company_name: Creative Media & Community Trust Corp
- filed_at: 2024-12-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908311/000090831124000069/0000908311-24-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908311/000090831124000069/cmct-20241206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908311-24-000069
- JSON: https://secwatch.observer/filing/0000908311-24-000069.json
- Plain text: https://secwatch.observer/filing/0000908311-24-000069.txt

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