Creative Media & Community Trust receives maturity default notice on $97.1 million 1 Kaiser Plaza mortgage loan

Creative Media & Community Trust received a maturity-default notice on a non-recourse mortgage tied to 1 Kaiser Plaza.

• The loan matured July 1, 2026; the lender demanded immediate repayment of matured indebtedness following non-payment at maturity.
• The outstanding principal balance totaled $97.1 million as of the filing date; monthly interest payments remained current.
• The company declined to invest additional capital needed to refinance; it is working with the special servicer on a long-term resolution.
• The notice said property rents and income are now the lender’s property; default interest can rise to 9.14% per year, subject to legal limits.