CMCT Announces Closing of Sale of Lending Division
Creative Media (CMCT)
Last creative media earnings: 3/16 08:00 am
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US:NASDAQ Investor Relations:
investors.cimcommercial.com
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Creative Media & Community Trust (NASDAQ: CMCT) (“CMCT or the “Company”) announced today it has closed on its previously announced sale of its lending division to PG FR Holding, LLC, an affiliate of Atlanta-based Peachtree Group (“Buyer”). The purchase price was approximately $44.9 million (which is net of the outstanding balance of debt related to the 2023 securitization of certain loan receivables), subject to post-closing adjustments. Giving effect to the payment of other debt, transaction expenses and other matters, the transactions yielded net cash proceeds to the Company of approximately $31.2 million.The sale is in furtherance of CMCT’s main priorities for strengthening its balance sheet and improving its liquidity, while also growing its premier multifamily portfolio.ABOUT CMCTCreative Media & Community Trust Corporation (“CMCT”) is a real estate investment trust that owns, operates and develops premier multifamily and creative office assets i
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News
- Creative Media & Community Trust Corporation (NASDAQ:CMCT) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=CMCT&utm_campaign=getratings&utm_medium=online&utm_sourMarketBeat
- CMCT Declares Preferred Stock DividendsBusiness Wire
- CMCT Announces Completion of 1915 Park, 36-Unit Apartment Building in Echo Park Neighborhood of Los AngelesBusiness Wire
- Creative Media & Community Trust reports Q3 results [Seeking Alpha]Seeking Alpha
- Creative Media & Community Trust Corporation Reports 2025 Third Quarter ResultsBusiness Wire
CMCT
Sec Filings
- 1/23/26 - Form 3
- 1/22/26 - Form 8-K
- 12/12/25 - Form 8-K
- CMCT's page on the SEC website