"While technically an office building, the property's largest tenant operates a hotel in the low-rise portion of the building and has a purchase option on their space" said Dan Cooperman, Managing Director of Terra Capital Partners. "We were quickly able to get comfortable with the potential for the release of that collateral and offer the borrower a host of options, regardless of whether that tenant chooses to purchase its space." 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