“There is a lot of equity available,” Bruce Batkin, president and CEO of Terra Capital Partners told the audience at an
earlier panel. He added that his firm was quite comfortable now lending in secondary and sometimes
tertiary markets."
2011 ULI Conference. Bruce Batkin, Presenter.
Urban Land Institute“Little by little, you’re going to have more liquidity in the market, which means the volume of mezzanine lending is going to increase,” said Bruce Batkin, the president of Terra Capital Partners, a real estate investment company based in New York. “I think that’s going to be happening in the second half of the year.”
New York TimesThe Stoler Report. Bruce Batkin,Guest.
The Stoler Report: Real Estate Trends in the Tri-State RegionAdam Kies, formerly of Ascent Rea Estate Advisors, joined Terra Capital Partners as a Director. He will be responsible for loan origination, underwriting and asset management.
Crain's New York BusinessTerra Capital Partners has funded a $6.5 million mezzanine loan on a 245,000-square-foot office building in Washington, DC. Such mezzanine loans were all the rage several years ago when property values were skyrocketing. They've since virtually disappeared.
Commercial Real Estate DirectTerra Capital Partners is back in the mezzanine-lending business. The New York investment manager quit the business in mid-2007, selling its book of 90 mezzanine loans just before the capital markets collapsed. Now, it feels that the time is ripe for its return.
Commercial Real Estate DirectWall Street continues to convulse from the sub-prime fallout — more than $90 billion in value had been wiped off banks' books by mid-January. One group of financiers, however, is finding new opportunities in the roiling market: mezzanine lenders.
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