XML 75 R64.htm IDEA: XBRL DOCUMENT
v3.20.2

DEBT - Facility Narrative (Details) |  |  |  |  | 1 Months Ended | 9 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Mar. 11, 2019 USD ($) swap | Feb. 28, 2019 USD ($) | Dec. 28, 2018 USD ($) swap | Oct. 30, 2018 USD ($) | Sep. 30, 2020 USD ($) | May 31, 2020 USD ($) | Oct. 31, 2018 USD ($) extensionOption | Sep. 30, 2019 swap | Dec. 31, 2017 USD ($) swap | Dec. 31, 2019 USD ($) | Aug. 13, 2015 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of interest rate swaps terminated | swap | 2 |  | 1 |  |  |  |  | 2 | 7 |  |
Notional amount of terminated swaps | $ 120,000,000 |  | $ 50,000,000 |  |  |  |  |  | $ 215,000,000 |  |
Accrued interest and unused commitment fee payable |  |  |  |  | $ 576,000 |  |  |  |  | $ 650,000 |
Interest Rate Swap |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Total notional amount |  |  |  |  |  |  |  |  |  |  | $ 385,000,000
Interest Rate Swap | Cash Flow Hedges | Designated as Hedging Instrument |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Total notional amount |  |  |  |  |  |  | $ 120,000,000 |  |  |  |
Interest Rate Swap | Cash Flow Hedges | Designated as Hedging Instrument | Weighted Average |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Converted fixed rate |  |  |  |  |  |  | 3.11% |  |  |  |
Revolving Credit Facility |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest rate |  |  |  |  | 2.21% |  |  |  |  | 3.29% |
Number of extension options | extensionOption |  |  |  |  |  |  | 1 |  |  |  |
Extension option, term |  |  |  |  |  |  | 1 year |  |  |  |
Proceeds from issuance of debt |  |  |  | $ 170,000,000 |  |  |  |  |  |  |
Revolving Credit Facility | Minimum |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Unused commitment fee percentage |  |  |  |  |  |  | 0.15% |  |  |  |
Revolving Credit Facility | Maximum |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Unused commitment fee percentage |  |  |  |  |  |  | 0.25% |  |  |  |
Revolving Credit Facility | Base rate | Debt Instrument, During, Deferral Period |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest rate margin |  |  |  |  | 1.05% |  |  |  |  |  |
Revolving Credit Facility | Base rate | Debt Instrument, Following, Deferral Period |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest rate margin |  |  |  |  | 0.55% |  |  |  |  |  |
Revolving Credit Facility | LIBOR | Debt Instrument, During, Deferral Period |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest rate margin |  |  |  |  | 2.05% |  |  |  |  |  |
Revolving Credit Facility | LIBOR | Debt Instrument, Following, Deferral Period |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Interest rate margin |  |  |  |  | 1.55% |  |  |  |  |  |
Line of Credit |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  | $ 209,500,000 |  |  |  |  |  |
Line of Credit | Revolving Credit Facility |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Repayments of debt | $ 120,000,000 | $ 10,000,000 | $ 40,000,000 |  |  |  |  |  |  |  |
Gross debt |  |  |  |  | 166,500,000 |  |  |  |  | $ 153,000,000 |
Remaining borrowing capacity |  |  |  |  | 28,000,000 |  |  |  |  | 73,900,000 |
Reserve amount |  |  |  |  | 15,000,000 |  |  |  |  |  |
Minimum balance of liquid assets |  |  |  |  | 15,000,000 |  |  |  |  |  |
Unfunded availability (up to) |  |  |  |  | 5,000,000 |  |  |  |  |  |
Line of Credit | Revolving Credit Facility | Unsecured Revolving Credit Facility Due May 2022 |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  |  | $ 10,000,000 |  |  |  |  |
Remaining borrowing capacity |  |  |  |  | 10,000,000 |  |  |  |  |  |
Fixed interest rate |  |  |  |  |  | 1.00% |  |  |  |  |
Fee percentage for each advance made |  |  |  |  |  | 1.12% |  |  |  |  |
Maximum fee amount payable |  |  |  |  |  | $ 112,000 |  |  |  |  |
Debt outstanding |  |  |  |  | 0 |  |  |  |  |  |
Line of Credit | Revolving Credit Facility | Paycheck Protection Program Liquidity Facility, CARES Act |  |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |  |
Gross debt |  |  |  |  | 16,016,000 |  |  |  |  | $ 0 |
Debt outstanding |  |  |  |  | $ 16,016,000 |  |  |  |  |  |

X
- Definition All in-rate of derivative that includes the fixed rate and credit spread. The credit spread is based on the entity's certain threshold, for instance, leverage ratio. + References No definition available. + Details
Name: | cmct_DerivativeInterestRateAllInRate
Namespace Prefix: | cmct_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Derivative, Notional Amount of Terminated Derivatives + References No definition available. + Details
Name: | cmct_DerivativeNotionalAmountofTerminatedDerivatives
Namespace Prefix: | cmct_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Derivative, Number of Instruments Terminated + References No definition available. + Details
Name: | cmct_DerivativeNumberofInstrumentsTerminated
Namespace Prefix: | cmct_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the amount of accrued interest and unused commitment fee payable as of the balance sheet date. + References No definition available. + Details
Name: | cmct_LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
Namespace Prefix: | cmct_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line Of Credit Facility, Covenant, Liquid Assets, Amount + References No definition available. + Details
Name: | cmct_LineOfCreditFacilityCovenantLiquidAssetsAmount
Namespace Prefix: | cmct_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line Of Credit Facility, Covenant, Unfunded, Remaining Borrowing Capacity + References No definition available. + Details
Name: | cmct_LineOfCreditFacilityCovenantUnfundedRemainingBorrowingCapacity
Namespace Prefix: | cmct_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line Of Credit Facility, Fee Percentage + References No definition available. + Details
Name: | cmct_LineOfCreditFacilityFeePercentage
Namespace Prefix: | cmct_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line Of Credit Facility, Maximum Fee Amount + References No definition available. + Details
Name: | cmct_LineOfCreditFacilityMaximumFeeAmount
Namespace Prefix: | cmct_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line Of Credit Facility, Number Of Extensions + References No definition available. + Details
Name: | cmct_LineOfCreditFacilityNumberOfExtensions
Namespace Prefix: | cmct_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line Of Credit Facility, Remaining Borrowing Capacity, Reserve Amount + References No definition available. + Details
Name: | cmct_LineOfCreditFacilityRemainingBorrowingCapacityReserveAmount
Namespace Prefix: | cmct_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Represents the period that the credit facility may be extended under certain circumstances. + References No definition available. + Details
Name: | cmct_LineofCreditFacilityExtensionOptionTerm
Namespace Prefix: | cmct_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
Name: | us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Nominal or face amount used to calculate payment on derivative. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 + Details
Name: | us-gaap_DerivativeNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromIssuanceOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3291-108585 + Details
Name: | us-gaap_RepaymentsOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_WeightedAverageMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_BaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | cmct_DebtInstrumentDeferralPeriodAxis=cmct_DebtInstrumentDuringDeferralPeriodMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | cmct_DebtInstrumentDeferralPeriodAxis=cmct_DebtInstrumentFollowingDeferralPeriodMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cmct_UnsecuredRevolvingCreditFacilityDueMay2022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cmct_PaycheckProtectionProgramLiquidityFacilityCARESActMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |