"This was a complex deal because we were providing funding for three separate properties that were only partially leased and still under construction" said Dan Cooperman, Managing Director of Terra Capital Partners. "The borrower needed to repay their construction lender to avoid paying extension fees. This was yet another example our ability to be extremely flexible and accommodate the needs of our borrowers," 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