Creative Media Secures $35.5M Mortgage Loan

Creative Media ( (CMCT) ) just unveiled an announcement.

On April 3, 2025, Creative Media & Community Trust Corporation secured a $35.5 million mortgage loan from Comerica Bank for its subsidiary, CIM Urban REIT Properties IX, L.P. The loan, secured by the Penn Field office campus in Austin, Texas, includes a $32 million initial advance for corporate purposes and debt repayment, and a $3.5 million future advance for tenant allowance costs. This new loan replaces the company’s previous credit agreement and features a floating interest rate with a three-year term, extendable by two years. The agreement includes customary guaranties and indemnities, reflecting standard industry practices.

Spark’s Take on CMCT Stock

According to Spark, TipRanks’ AI Analyst, CMCT is a Neutral.

Creative Media’s overall score reflects its mixed financial performance, with strengths in revenue growth and equity position offset by profitability and cash flow challenges. Technical indicators suggest a bearish trend, and valuation metrics highlight concerns about financial stability. The earnings call provides a mixed sentiment, with improvements in debt reduction countered by operational struggles.

To see Spark’s full report on CMCT stock, click here.

More about Creative Media

Creative Media & Community Trust Corporation operates in the real estate investment sector, focusing on managing and acquiring properties through its subsidiaries. The company is managed by affiliates of CIM Group Management, LLC, and is involved in securing financing for its real estate ventures.

YTD Price Performance: -89.64%

Average Trading Volume: 777,617

Technical Sentiment Signal: Strong Buy

Current Market Cap: $4.86M

For detailed information about CMCT stock, go to TipRanks’ Stock Analysis page.