"This was a complex deal given the fact that the senior lender had already closed their loan and a ground lease encumbered the property at close" said Dan Cooperman, a managing Director of Terra Capital Partners. "Additionally, the borrower needed a commitment in less than 20 days. Given our experience as developers, as well as lenders, our intimate knowledge of the market and our streamlined approach to due diligence, we were able to deliver as promised," 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