secwatch.observer — SEC 8-K summary
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Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2026-07-15T21:02:08+00:00
Accession:  0000908311-26-000077
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

CMCT defaults on $97.1M non-recourse mortgage; lender demands full payment
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- Received default notice on $97.1M non-recourse mortgage at 1 Kaiser Plaza after July 1, 2026 maturity.
- Company current on interest payments but elected not to invest additional capital to refinance.
- Lender demands immediate full payment; rents and property income now held in trust for lender.
- Default interest rate of 5% above 4.14% per annum applies to outstanding balance.
- Company engaging with special servicer; no assurance on timing or outcome of resolution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831126000077/0000908311-26-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831126000077/cmct-20260709.htm
  HTML page:      https://secwatch.observer/filing/0000908311-26-000077

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