Creative Media & Community Trust Corp
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
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FY2025 · Filed Mar 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Schedule IV—Mortgage Loans on Real Estate
(dollars in thousands, except footnotes)
| Principal | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Amount of | ||||||||||||||
| Loans Subject | ||||||||||||||
| Geographic · Number · Final · Carrying · to Delinquent | ||||||||||||||
| Dispersion of · of · Size of Loans · Maturity · Amount of · Principal or | ||||||||||||||
| Collateral · Loans · From · To · Interest Rate (2) · Date Range · Mortgages · “Interest” | ||||||||||||||
| SBA 7(a) Loans - States 2% or greater (1) : | ||||||||||||||
| Ohio | 19 | $41 | $1,141 | 8.25% | to | 9.75% | 08/08/42 | — | 12/19/50 | $10,794 | $— | |||
| Texas | 18 | $18 | $821 | 8.25% | to | 10.00% | 07/13/34 | — | 03/29/49 | 5,737 | — | |||
| Michigan (3) | 10 | $22 | $916 | 8.25% | to | 9.50% | 03/27/38 | — | 12/18/48 | 3,299 | — | |||
| Pennsylvania | 6 | $287 | $646 | 8.25% | to | 10.00% | 03/05/40 | — | 10/26/49 | 2,850 | — | |||
| West Virginia | 5 | $199 | $944 | 8.25% | to | 10.00% | 05/07/46 | — | 11/06/49 | 2,530 | — | |||
| Florida | 8 | $95 | $735 | 8.50% | to | 10.00% | 06/29/32 | — | 06/27/49 | 2,291 | — | |||
| Indiana | 5 | $111 | $904 | 8.75% | to | 9.75% | 05/17/41 | — | 08/26/46 | 2,014 | — | |||
| Louisiana (4) | 4 | $114 | $698 | 8.25% | to | 9.50% | 01/30/48 | — | 03/12/50 | 1,653 | 964 | |||
| New York | 5 | $55 | $704 | 9.25% | to | 10.00% | 11/22/31 | — | 12/07/48 | 1,653 | — | |||
| Kentucky | 6 | $46 | $421 | 9.00% | to | 10.00% | 03/11/33 | — | 05/08/48 | 1,462 | 415 | |||
| Oklahoma | 6 | $8 | $502 | 8.25% | to | 10.00% | 07/26/26 | — | 12/03/50 | 1,452 | — | |||
| California | 2 | $453 | $833 | 8.25% | to | 8.50% | 09/27/48 | — | 11/22/49 | 1,286 | — | |||
| Illinois | 6 | $164 | $271 | 8.75% | to | 9.50% | 02/14/43 | — | 07/09/50 | 1,262 | — | |||
| Mississippi | 3 | $121 | $617 | 9.00% | to | 10.00% | 11/04/36 | — | 11/17/49 | 1,241 | — | |||
| North Carolina | 4 | $101 | $709 | 9.00% | to | 9.75% | 11/25/44 | — | 04/25/47 | 1,190 | — | |||
| Colorado (5) | 5 | $59 | $328 | 8.25% | to | 9.75% | 02/17/41 | — | 05/27/50 | 1,184 | 382 | |||
| Washington | 1 | $1,115 | $1,115 | 8.75% | to | 8.75% | 10/12/48 | — | 10/12/48 | 1,114 | — | |||
| Montana | 3 | $208 | $482 | 8.25% | to | 8.25% | 10/10/48 | — | 07/03/50 | 1,031 | — | |||
| North Dakota | 4 | $121 | $411 | 8.25% | to | 9.25% | 02/26/48 | — | 12/26/49 | 966 | — | |||
| Tennessee | 3 | $141 | $541 | 8.50% | to | 9.50% | 06/07/46 | — | 10/02/49 | 905 | — | |||
| Alabama (6) | 3 | $192 | $344 | 9.50% | to | 9.75% | 12/28/42 | — | 03/16/46 | 815 | 509 | |||
| Kansas | 3 | $121 | $345 | 8.50% | to | 10.00% | 03/03/35 | — | 11/12/49 | 782 | — | |||
| Wisconsin | 2 | $148 | $471 | 9.00% | to | 9.50% | 02/27/43 | — | 06/09/46 | 619 | — | |||
| Nevada | 2 | $237 | $372 | 8.25% | to | 8.25% | 09/25/50 | — | 12/29/50 | 608 | — | |||
| South Carolina | 2 | $259 | $341 | 9.00% | to | 10.00% | 11/06/40 | — | 11/30/43 | 586 | — | |||
| Missouri | 2 | $79 | $334 | 8.75% | to | 9.25% | 12/14/29 | — | 03/17/50 | 414 | — | |||
| New Mexico | 1 | $332 | $332 | 8.25% | to | 8.25% | 04/19/48 | — | 04/19/48 | 333 | — | |||
| Georgia | 1 | $305 | $305 | 9.25% | to | 9.25% | 08/11/47 | — | 08/11/47 | 305 | — | |||
| Virginia | 2 | $108 | $159 | 8.75% | to | 9.25% | 06/29/46 | — | 12/15/47 | 268 | — | |||
| Arkansas | 1 | $244 | $244 | 9.25% | to | 9.25% | 09/06/43 | — | 09/06/43 | 244 | — | |||
| Other | 5 | $149 | $226 | 8.25% | to | 8.25% | 12/26/49 | — | 12/26/49 | 941 | — | |||
| Government guaranteed portions (7) | 1,013 | — | ||||||||||||
| Subject to secured borrowings (8) | 1,309 | — | ||||||||||||
| Current expected credit losses | (2,196) | — | ||||||||||||
| 147 | $51,955 | (9) | $2,270 | |||||||||||
(1)All first lien position except $1,050,000 of loans with subordinate lien positions.
(2)Interest rates are variable at spreads over the prime rate unless otherwise noted.
(3)Includes a loan with a retained face value of $134,000 and a fixed interest rate of 9.00%.
(4)Includes a loan with a retained face value of $964,000, a valuation reserve of $152,000 and a fixed interest rate of 9.50%.
(5)Includes a loan with a retained face value of $382,000 and a fixed interest rate of 9.75%.
(6)Includes a loan with a retained face value of $509,000, a valuation reserve of $103,000 and a fixed interest rate of 9.50%.
(7)Represents the government guaranteed portions of the Company’s SBA 7(a) loans detailed above retained by us. As there is no risk of loss to us related to these portions of the guaranteed loans, the geographic information is not presented as it is not meaningful.
(8)Represents the guaranteed portion of SBA 7(a) loans which were sold with the proceeds received from the sale reflected as secured borrowings. For Federal income tax purposes, these proceeds are treated as sales and reduce the carrying value of loans receivable.
(9)For Federal income tax purposes, the aggregate cost basis of the Company’s loans was approximately $52.2 million (unaudited).
Note: All of the Company’s mortgage loans on real estate were sold in January 2026.
Schedule IV—Mortgage Loans on Real Estate (Continued)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Balance, beginning of period | $56,210 | $57,005 |
| Additions during period: | ||
| New loans | 24,873 | 40,255 |
| Other - deferral of loan origination costs | 422 | 806 |
| Other - bad debt recovery | (524) | (352) |
| Reversal of CECL(1) | 2,557 | — |
| Other - accretion of loan discounts, net of amortization of deferred origination costs | 1,471 | 1,397 |
| Deductions during period: | ||
| Collections of principal | (10,379) | (12,484) |
| Cost of mortgages sold, net | (20,117) | (30,417) |
| Balance, end of period | $54,513 | $56,210 |
(1)The Company’s CECL balance of $2.6 million was reversed as a result of the Company’s loans receivable being reclassified as held for sale at December 31, 2025.
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