{"filing":{"accession_number":"0000908311-26-000077","cik":"0000908311","ticker":"CMCT","company_name":"Creative Media \u0026 Community Trust Corp","form":"8-K","filing_date":"2026-07-15","report_date":null,"primary_document":"cmct-20260709.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/908311/000090831126000077/cmct-20260709.htm"},"events":[{"id":18203,"run_id":16355,"accession_number":"0000908311-26-000077","anchor_item_number":"2.04","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"The Company received a notice of maturity default on a $97.1 million non-recourse mortgage on July 9, 2026, after failing to pay the outstanding principal balance by the July 1, 2026 maturity date. The Default Notice constitutes an event of default under the Loan Agreement, triggering immediate payment demand and acceleration of the debt obligation, with the lender now entitled to all rents and income from the property and the ability to charge a default interest rate. This is a classic covenant breach that accelerates a direct financial obligation.","company_name":"Creative Media \u0026 Community Trust Corp","ticker":"CMCT","filing_date":"2026-07-15","form":"8-K","submitted_at":null,"items":[{"id":16941,"accession_number":"0000908311-26-000077","item_number":"2.04","item_title":"Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The Company received a notice of maturity default on a $97.1 million non-recourse mortgage on July 9, 2026, after failing to pay the outstanding principal balance by the July 1, 2026 maturity date. The Default Notice constitutes an event of default under the Loan Agreement, triggering immediate payment demand and acceleration of the debt obligation, with the lender now entitled to all rents and income from the property and the ability to charge a default interest rate. This is a classic covenant breach that accelerates a direct financial obligation.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-15T21:03:36.694987+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":16941,"accession_number":"0000908311-26-000077","item_number":"2.04","item_title":"Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The Company received a notice of maturity default on a $97.1 million non-recourse mortgage on July 9, 2026, after failing to pay the outstanding principal balance by the July 1, 2026 maturity date. The Default Notice constitutes an event of default under the Loan Agreement, triggering immediate payment demand and acceleration of the debt obligation, with the lender now entitled to all rents and income from the property and the ability to charge a default interest rate. This is a classic covenant breach that accelerates a direct financial obligation.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-15T21:03:36.694987+00:00","company_name":"Creative Media \u0026 Community Trust Corp","ticker":"CMCT","filing_date":"2026-07-15"}]}