Business

CMCT Announces Sale of Lending Division

LOS ANGELES, November 12, 2025--CMCT enters definitive agreement to sell lending division to PG FR Holding, LLC, an affiliate of Atlanta-based Peachtree Group

articleCreative MediaNovember 12, 20255/company/creative-media-and-community-trust-corporation/news/cmct-announces-sale-lending-division-120000414
CMCT Announces Sale of Lending Division

About this update from Creative Media

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":4950,"height":1242,"url":"https://media.zenfs.com/en/business-wire.com/fd122c832e3255cf0e4f3c2096079dba"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/AHe4gFMc8ThHihpwzZcYfA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTI0MTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/fd122c832e3255cf0e4f3c2096079dba","width":960,"height":241},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/_1qDUENVjE56Fg0SLXdgQQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD02MDI7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/fd122c832e3255cf0e4f3c2096079dba","width":1200,"height":301}},"lazy":false},{"type":"text","content":"LOS ANGELES, November 12, 2025--(BUSINESS WIRE)--Creative Media & Community Trust (NASDAQ: CMCT) ("CMCT or the "Company") announced today it has entered into a definitive agreement to sell its lending division to PG FR Holding, LLC, an affiliate of Atlanta-based Peachtree Group ("Buyer"). The Company estimates that, pursuant to the definitive agreement and based on information related to its lending division’s assets and other matters as of September 30, 2025, the purchase price will be approximately $44 million (which is net of the outstanding balance of debt related to the 2023 securitization of certain loan receivables), subject to adjustment and updated information through the closing of the transactions. Upon the closing and giving effect to the payment of other debt, transaction expenses and other matters, the transactions are expected to yield net cash proceeds to the Company of approximately $31 million. The closing is subject to the receipt of the U.S. Small Business Administration’s consent to the acquisition by the Buyer as well as certain other closing conditions.","length":1121,"tagName":"p"},{"type":"text","content":"The sale is in furtherance of CMCT’s main priorities for growing its premier multifamily portfolio, strengthening its balance sheet and improving its liquidity. Since announcing these key priorities in the third quarter of 2024, CMCT has completed four refinancings across seven assets, extended the debt maturities on two multifamily assets and fully repaid its recourse credit facility.","length":388,"tagName":"p"},{"type":"text","content":"Man...

More updates from Creative Media

CMCTCreative Media & Community Trustforward-looking statementsBarry BerlinThe Company