{"schema_version":"secwatch.filing_event.v1","accession":"0000908311-25-000023","form_type":"8-K","ticker":"CMCT","cik":"0000908311","company_name":"Creative Media & Community Trust Corp","filed_at":"2025-04-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.756300+00:00","generated_at":"2026-05-23T18:45:54.273749+00:00","sec_items":["1.01","1.02","8.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CMCT subsidiary enters $35.5M mortgage loan with Comerica Bank; repays $15M JPMorgan facility","bullets":["$35.5M first-lien mortgage loan from Comerica Bank secured by Penn Field office campus in Austin, TX.","Initial $32M advance used for general corporate purposes and to pay down $15M under existing JPMorgan credit agreement.","Floating rate: 1-month Term SOFR + 2.95%; 3-year term to April 3, 2028, with two 1-year extension options.","Future advance of up to $3.5M for tenant allowance costs under a new lease expected with Boston Scientific or affiliate.","Company as guarantor must maintain net worth ≥$35M and liquid assets ≥$3M under the loan agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0000908311-25-000023","json":"https://secwatch.observer/filing/0000908311-25-000023.json","markdown":"https://secwatch.observer/filing/0000908311-25-000023.md","text":"https://secwatch.observer/filing/0000908311-25-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/908311/000090831125000023/0000908311-25-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/908311/000090831125000023/cmct-20250403.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T18:45:54.273749+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3a73d8b1acb9214297220d7c27a4c8c0f66875ed","claim":"Creative Media & Community Trust Corp incurred loan of $35.5 million with Comerica Bank at one-month Term SOFR plus 2.95% maturing April 3, 2028.","evidence_excerpt":"On April 3, 2025, Comerica Bank (the “Lender”) originated a first lien mortgage loan of up to $35.5 million (the “Mortgage Loan”) to CIM Urban REIT Properties IX, L.P. (the “Borrower”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/908311/000090831125000023/0000908311-25-000023-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$35.5 million"},{"label":"Counterparty","value":"Comerica Bank"},{"label":"Rate","value":"one-month Term SOFR plus 2.95%"},{"label":"Maturity","value":"April 3, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}