07:40 AM EST, 11/12/2025 (MT Newswires) -- Creative Media & Community Trust ( CMCT ) said Wednesday that it has agreed to sell its lending division to PG FR Holding, an affiliate of Atlanta-based Peachtree.

The company said it estimates the purchase price to be $44 million, with net cash proceeds of $31 million.

Following the closing, Barry Berlin will step down as chief financial officer, joining the buyer or its affiliate. Brandon Hill will succeed Berlin as CFO.

The deal is subject to customary closing conditions, including the US Small Business Administration approval, the company said.

Shares of Creative Media were up more than 110% in recent Wednesday premarket activity.