CMCT Closes $92.2 Million Loan for Sheraton Grand Sacramento Hotel
Creative Media & Community Trust Corporation (CMCT)
Last creative media & community trust corporation earnings: 3/16 08:00 am
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US:NASDAQ Investor Relations:
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Source: Business Wire
Financing is Part of Previously Announced Program to Strengthen Balance Sheet and Liquidity DALLAS--(BUSINESS WIRE)--Creative Media & Community Trust Corporation (NASDAQ: CMCT and TASE: CMCT) (the “Company”) announced today it has closed a secured, non-recourse loan of up to $92.2 million (the “Sheraton Mortgage Loan”) on its Sheraton Grand Sacramento Hotel and parking garage located at 1230 J Street in downtown Sacramento, California. The Sheraton Mortgage Loan is a floating rate, interest-only loan which matures in December 2026, with three one-year extension options that are subject to customary extension conditions.The Sheraton Mortgage Loan consists of (a) an $84.3 million closing day advance that was used by the Company to paydown existing debt on its corporate-level credit facility (the balance outstanding on the corporate facility was reduced to approximately $97.3 million from $169.3 million), pay certain of the fees and expenses incurred in connection with the closing of
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CMCT
News
- CMCT Declares Preferred Stock DividendsBusiness Wire
- Creative Media & Community Trust Co. (NASDAQ: CMCT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Important Notice: KT Law Firm Represents CMCT Investor in FINRA Arbitration Claim for Unsuitable RecommendationsAccesswire
- Creative Media & Community Trust Co. (NASDAQ: CMCT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Creative Media & Community Trust Co. (NASDAQ: CMCT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
CMCT
Earnings
- 11/8/24 - Miss
CMCT
Sec Filings
- 12/16/24 - Form 8-K
- 12/10/24 - Form 8-K
- 12/3/24 - Form 8-K
- CMCT's page on the SEC website