Creative Media shares jump 12.61% premarket after $31M lending division sale and real estate expansion strategy boost investor sentiment.

Creative Media & Community Trust (CMCT) surged 12.61% in premarket trading following the completion of its lending division sale for $31 million and the announcement of a 36-unit apartment complex in Los Angeles’s Echo Park. The sale of the lending division, part of a strategy to focus on real estate, generated proceeds to strengthen liquidity, while the new property expansion aligns with CMCT’s emphasis on multifamily development. These moves, combined with debt refinancing and executive leadership changes, signaled improved financial positioning and long-term growth potential, driving investor optimism ahead of the market open.