Terra Capital Partners is pleased to announce the final closing of a mezzanine loan backed by 840 First Street, Washington, DC, a twelve-story, Class-A office building located adjacent to Union Station. The fixed-rate loan has a four-year term.
Terra Capital Partners is a New York based real estate investment management and finance company that specializes in mezzanine and preferred equity investments in high quality commercial real estate. Since 2002, Terra has originated over 100 investments nationwide with underlying value of $3.5 Billion.
Terra Capital Partners fills the gap between the first mortgage loan and the borrower’s equity by funding up to 90% of the value of the underlying property. TCP invests in loans backed by office, retail, multifamily and industrial properties located throughout the United States. The loans are sourced through mortgage brokers and strategic lending alliances with top senior lenders nationwide. Terra has complete discretion over its funds and typically holds its loans through maturity.
Since 2002, Terra has originated over 125 debt and equity investments nationwide.
For additional information please contact Dan Cooperman at (212) 753-5100 or visit our website: www.terracapitalpartners.com
