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.


Stretch Senior Whole-Loan Construction Mezzanine and Preferred Equity
Loan Amount: $25-100m $35-100m $10-50m
Loan Term: 1-5 years 3-7 years 1-5 years
Loan-to-Value/Cost: Up to 85% Up to 85% of cost Up to 90%
DSCR: < 1.0x acceptable N/A < 1.0x acceptable
Interest Rate: from 300 bps over LIBOR from 500 bps over LIBOR from 600 bps over LIBOR
Fees: 1-2% 1-2% 1-2%
Future Funding: Yes N/A Yes
Prepayment: Flexible Flexible Flexible
Locations: Primary and Secondary Primary Primary and Secondary
Parameters Stretch Senior
Loan Amount: $25-100m
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
Locations: Primary and Secondary
Parameters Whole-Loan Construction
Loan Amount: $35-100m
Loan Term: 3-7 years
Loan-to-Value/Cost: Up to 85% of cost
DSCR: N/A
Interest Rate: from 500 bps over LIBOR
Fees: 1-2%
Future Funding: N/A
Prepayment: Flexible
Locations: Primary
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
Locations: Primary and Secondary
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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