Lending

Terra’s Senior Bridge and Mezzanine/Preferred Equity programs offer creative and immediate capital solutions to property owners and developers nationwide. Our vertically integrated platform, including in-house asset management and servicing, works closely with borrowers, operating partners and lenders to structure customized commercial real estate financing solutions. Our fully discretionary capital allows us to provide certainty of execution and close transactions quickly.


Senior Bridge Mezzanine and Preferred Equity
Loan Amount: $10-100m $10-50m
Loan Term: 1-5 years 1-5 years
Loan-to-Value/Cost: Up to 85% Up to 90%
DSCR: < 1.0x acceptable < 1.0x acceptable
Interest Rate: from 300 bps over LIBOR from 600 bps over LIBOR
Fees: 1-2% 1-2%
Future Funding: Yes Yes
Prepayment: Flexible Flexible
Recourse: Standard carve-outs Standard carve-outs
Security: First mortgage Pledge/Recognition Agreement
Borrower: Single-purpose entity Single-purpose entity
Parameters Senior Bridge
Loan Amount: $10-100m
Loan Term: 1-5 years
Loan-to-Value/Cost: Up to 85%
DSCR: < 1.0x acceptable
Interest Rate: from 300 bps over LIBOR
Fees: 1-2%
Future Funding: Yes
Prepayment: Flexible
Recourse: Standard carve-outs
Security: First mortgage
Borrower: Single-purpose entity
Parameters Mezzanine and Preferred Equity
Loan Amount: $10-50m
Loan Term: 1-5 years
Loan-to-Value/Cost: Up to 90%
DSCR: < 1.0x acceptable
Interest Rate: from 600 bps over LIBOR
Fees: 1-2%
Future Funding: Yes
Prepayment: Flexible
Recourse: Standard carve-outs
Security: Pledge/Recognition Agreement
Borrower: Single-purpose entity
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Contact

Dan Cooperman dcooperman@tcp-us.com
Dan Hartman dhartman@tcp-us.com
Mike Fishbein mfishbein@tcp-us.com
Bradley Walker bwalker@tcp-us.com
Patrick Monaghan pmonaghan@tcp-us.com

(p) 212 753 5100