CMCT Discloses Maturity Default on $97.1 Million 1 Kaiser Plaza Mortgage
Creative Media & Community Trust received a default notice on July 9, 2026 for the non-recourse mortgage on 1 Kaiser Plaza, which matured July 1, 2026. The company said it chose not to invest additional capital needed to refinance, and the lender has demanded immediate repayment and is collecting property rents, so shareholders face possible loss of this asset and uncertain resolution terms.
Key points
- Notice of maturity default received July 9, 2026 on the 1 Kaiser Plaza mortgage, which matured July 1, 2026
- Aggregate outstanding principal balance of the loan is $97.1 million as of the filing date
- Lender has demanded immediate payment in full; property rents are now held for the lender and default interest may apply
- Company remains current on monthly interest payments and is evaluating options, with no assurance on timing or outcome
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 15, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.