---
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"
generated_at: "2026-05-23T18:45:54.273749+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CMCT subsidiary enters $35.5M mortgage loan with Comerica Bank; repays $15M JPMorgan facility

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 8.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908311-25-000023
- JSON: https://secwatch.observer/filing/0000908311-25-000023.json
- Plain text: https://secwatch.observer/filing/0000908311-25-000023.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $35.5 million
  - Counterparty: Comerica Bank
  - Rate: one-month Term SOFR plus 2.95%
  - Maturity: April 3, 2028
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/908311/000090831125000023/0000908311-25-000023-index.htm

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