Terra Property Trust (“TPT”) is an externally managed REIT that originates, invests in, and manages loans, securities, and assets secured by commercial real estate across the US

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Our objective is to continue to provide attractive risk-adjusted returns to our stockholders, primarily through regular distributions.

We focus on providing commercial real estate loans to creditworthy borrowers and seek to generate an attractive and consistent low volatility cash income stream. Our focus on originating debt and debt-like instruments emphasizes the payment of current returns to investors and the preservation of invested capital.

As part of our investment strategy, we:

• focus on middle market loans of approximately $10 million to $50 million;

• focus on the origination of new loans, not on the acquisition of loans originated by other lenders;

• invest primarily in floating rate rather than fixed rate loans, but our Manager reserves the right to make debt investments that bear interest at a fixed rate;

• originate loans expected to be repaid within one to five years;

• maximize current income;

• lend to creditworthy borrowers;

• construct a portfolio that is diversified by property type, geographic location, tenancy, and borrower;

• source off-market transactions; and

• hold loans until maturity unless, in our Manager’s judgment, market conditions warrant earlier disposition.

The existing scarcity of financing — which exists for reasons we believe often relate more to the circumstances of the traditional bank lenders than to the borrowers or their properties — provides Terra, as an alternative lender, with an immediate opportunity to augment loans provided by traditional lenders. Today, loans can be made for a smaller percentage of a property’s value, with increased safety from bigger down payments.

For the next several years, we believe we will be able to originate prudent loans, secured by quality real estate while locking in interest rates higher than those currently available from most fixed-income investments.