---
schema_version: "secwatch.filing_event.v1"
accession: "0000908311-24-000076"
form_type: "8-K"
ticker: "CMCT"
cik: "0000908311"
company_name: "Creative Media & Community Trust Corp"
filed_at: "2025-01-02T23:59:59+00:00"
generated_at: "2026-05-28T19:20:13.038505+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0000908311-24-000076
- form_type: 8-K
- ticker: CMCT
- cik: 0000908311
- company_name: Creative Media & Community Trust Corp
- filed_at: 2025-01-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908311/000090831124000076/0000908311-24-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908311/000090831124000076/cmct-20241227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908311-24-000076
- JSON: https://secwatch.observer/filing/0000908311-24-000076.json
- Plain text: https://secwatch.observer/filing/0000908311-24-000076.txt

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