“The borrower came to us looking to recapitalize a condo conversion project located in Chelsea, New York, in order to help fund the acquisition of a note secured by a property in the Park Slope neighborhood of Brooklyn. Our intimate knowledge of the local metro markets enabled us to commit to our borrowers very quickly” said Dan Cooperman, Managing Director of Terra Capital Partners. “The experienced locally-based development team and prime locations helped mitigate the market risk associated with today’s condo conversions” added Cooperman.
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