Creative Media & Community Trust $(CMCT)$ has entered into a definitive agreement to sell its lending division to PG FR Holding, LLC, an affiliate of Atlanta-based Peachtree Group. The estimated purchase price is approximately $44 million, net of the outstanding debt related to a 2023 securitization, with expected net cash proceeds of about $31 million after transaction expenses and other payments. The closing of the transaction is contingent on the consent of the U.S. Small Business Administration and other customary conditions. Following the closing, Barry Berlin will step down from his executive roles at CMCT and join the buyer, with Brandon Hill set to become the new Chief Financial Officer and Treasurer.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Creative Media & Community Trust Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251112829123) on November 12, 2025, and is solely responsible for the information contained therein.