Creative Media & Community Trust Corp (CMCT): M&A transaction — CMCT completes sale of lending division for $44.9M net of debt, receives $31.2M proceeds

Creative Media & Community Trust Corp

Sold all equity interests of First Western SBLC, LLC to PG FR Holding, LLC (affiliate of Peachtree Group) on January 21, 2026.
Purchase price of approximately $44.9 million net of outstanding debt related to 2023 securitization of loan receivables.
Net cash proceeds to CMCT were approximately $31.2 million after paying other debt and transaction expenses.
Sale aligns with CMCT's strategy to strengthen balance sheet, improve liquidity, and grow premier multifamily portfolio.
Company filed unaudited pro forma financial statements reflecting adjustments for the disposition.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Creative Media & Community Trust Corp completed a disposition involving PG FR Holding, LLC for approximately $44.9 million (closed 2026-01-21).

Action: disposition
Counterparty: PG FR Holding, LLC
Consideration: approximately $44.9 million
Closing: 2026-01-21

Exact text from the filing

As previously announced on November 12, 2025, Creative Media & Community Trust Corporation (the “Company”), and First Western SBLC, LLC, a Florida limited liability company (formerly known as First Western SBLC, Inc.) and an indirect wholly owned subsidiary of the Company (“First Western”), entered into a membership interest purchase agreement, dated as of November 6, 2025 (the “Membership Interest Purchase Agreement”), with PG FR Holding, LLC, a Delaware limited liability company (the “Buyer”). The closing (the “Closing”) of the transactions contemplated by the Membership Interest Purchase Agreement (the “Transactions”) occurred on January 21, 2026. At the Closing, pursuant to the Membership Interest Purchase Agreement, and upon the terms and subject to the conditions therein, Buyer purchased from the Company all of the issued and outstanding equity interests of First Western SBLC, LLC for a purchase price of approximately $44.9 million (which is net of the outstanding balance of debt

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Source: SEC EDGAR

accession 0000908311-26-000004

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