CMCT obtains $105M mortgage loan from Wells Fargo, BofA, JPMorgan at 7.413% fixed rate

Creative Media & Community Trust Corp

$105M first lien mortgage loan secured by three office buildings in Beverly Hills and Los Angeles.
Proceeds used to pay down $82.3M of existing debt under the JPMorgan-led credit facility.
Loan is interest-only, 5-year term ending Jan 11, 2030, with a fixed interest rate of 7.413%.
Non-recourse with standard carveout guaranties from CMCT and a CIM affiliate; net worth covenant of $105M.
Prepayment allowed after Jan 11, 2028 with yield maintenance; partial prepayment permitted on sale of properties.

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