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CMCT Sells Lending Division for $44 Million to Boost Liquidity

11/13/2025

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Summary

Story summary

Creative Media & Community Trust Corporation (CMCT) announced the sale of its lending division to PG FR Holding for about $44 million.
CMCT expects net proceeds of around $31 million.
The divestiture aims to boost liquidity and strengthen CMCT's core real estate operations.
CMCT will reinvest the proceeds in high-demand urban assets, including Los Angeles and Austin.
The move is supported by CMCT's CIM Group affiliation.

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Story summary

Creative Media & Community Trust Corporation (CMCT) announced the sale of its lending division to PG FR Holding for about $44 million.
CMCT expects net proceeds of around $31 million.
The divestiture aims to boost liquidity and strengthen CMCT's core real estate operations.
CMCT will reinvest the proceeds in high-demand urban assets, including Los Angeles and Austin.
The move is supported by CMCT's CIM Group affiliation.