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CMCT Closes $44.9M Sale Of Lending Division, Generating $31.2M In Net Cash Proceeds

Benzinga·01/22/2026 13:08:36
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Creative Media & Community Trust (NASDAQ:CMCT) ("CMCT or the "Company") announced today it has closed on its previously announced sale of its lending division to PG FR Holding, LLC, an affiliate of Atlanta-based Peachtree Group ("Buyer"). The purchase price was approximately $44.9 million (which is net of the outstanding balance of debt related to the 2023 securitization of certain loan receivables), subject to post-closing adjustments. Giving effect to the payment of other debt, transaction expenses and other matters, the transactions yielded net cash proceeds to the Company of approximately $31.2 million.