Terra Secured Income Fund 5, LLC (the “Company”) is a real estate credit focused company that originates, structures, funds and manages high yielding commercial real estate investments, including mezzanine loans, first mortgage loans, subordinated mortgage loans and preferred equity investments throughout the United States. The Company’s loans finance the acquisition, construction, development or redevelopment of quality commercial real estate in the United States. The Company focuses on the origination of middle market loans in the approximately $10 million to $50 million range, to finance properties in primary and secondary markets. The Company was formed as a Delaware limited liability company on April 24, 2013 and commenced operations on August 8, 2013. The Company makes substantially all of its investments and conducts substantially all of its real estate lending business through Terra Property Trust, which has elected to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes commencing with its taxable year ended December 31, 2016. The Company’s investment objectives are to (i) preserve its members’ capital contributions, (ii) realize income from its investments and (iii) make monthly distributions to its members from cash generated from investments. There can be no assurances that the Company will be successful in meeting its investment objectives.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Terra Ocean Ave, LLC • Terra Driggs, LLC • Terra Orange Grove Pref, LLC • Terra Harlem Member, LLC • Terra 370 Lex LLC • Terra Mortgage Capital I, LLC • Terra Mortgage Portfolio I, LLC • Terra Lakeside Development, LLC • Terra LOC Portfolio I, LLC • Terra Walnut Development, LLC ...
Latest filings (excl ownership)
15-12G
Securities registration termination
8 Feb 24
8-K
Amendments to Articles of Incorporation or Bylaws
21 Dec 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
10-Q
2023 Q2
Quarterly report
11 Aug 23
8-K
Regulation FD Disclosure
10 Aug 23
425
Business combination disclosure
3 Jul 23
8-K
Regulation FD Disclosure
3 Jul 23
10-Q
2023 Q1
Quarterly report
12 May 23
10-K
2022 FY
Annual report
10 Mar 23
10-Q
2022 Q3
Quarterly report
10 Nov 22
Latest ownership filings
Financial summary
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 104.18 k | 104.18 k | 104.18 k | 104.18 k | 104.18 k | 104.18 k |
Cash burn (monthly) | (no burn) | 9.38 k | 144.49 k | 115.45 k | (no burn) | (no burn) |
Cash used (since last report) | n/a | 64.66 k | 995.85 k | 795.70 k | n/a | n/a |
Cash remaining | n/a | 39.52 k | -891.68 k | -691.53 k | n/a | n/a |
Runway (months of cash) | n/a | 4.2 | -6.2 | -6.0 | n/a | n/a |