# Terra Property Trust, Inc. (TPTA) — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_576cc6ed957868e06d31 · retrieved 2026-08-11T16:13:58.705Z

## Overview
Terra Property Trust, Inc. is an externally managed real estate investment trust that originates, invests in, and manages loans and assets secured by commercial real estate across the United States and makes strategic real estate equity and non-real estate-related investments.

Terra Property Trust, Inc. commenced registered exchange offers to exchange $80.4 million aggregate principal amount of its 6.00% Senior Notes due June 30, 2026 (TPTA Notes) and $38.4 million aggregate principal amount of 7.00% Senior Notes due March 31, 2026 issued by Terra Income Fund 6, LLC (TIF6 Notes) for newly issued 9.75% Senior Secured Notes due March 31, 2029. The exchange consideration is $25.00 principal amount of Exchange Notes per $25.00 principal amount of Existing Notes validly tendered. The Exchange Notes will be senior secured obligations secured by perfected liens in certain collateral, will bear interest at 9.75% per annum payable monthly in arrears beginning April 30, 2026, and will mature on March 31, 2029. The Exchange Offers and a concurrent Consent Solicitation commenced on February 13, 2026 and expire on March 16, 2026.

## Key dates
- Announced 2026-02-20 · Expiry 2026-03-16

## Timeline
- 2026-02-20 · 425 (0001104659-26-017864): 425 - Terra Property Trust, Inc. — *Terra Property Trust, Inc. is an externally managed real estate investment trust that originates, invests in, and manages loans and assets secured by commercial real estate across the United States and makes strategic real estate equity and non-real estate-related investments.* Terra Property Trust, Inc. commenced registered exchange offers to exchange $80.4 million aggregate principal amount of its 6.00% Senior Notes due June 30, 2026 (TPTA Notes) and $38.4 million aggregate principal amount of 7.00% Senior Notes due March 31, 2026 issued by Terra Income Fund 6, LLC (TIF6 Notes) for newly issued 9.75% Senior Secured Notes due March 31, 2029. The exchange consideration is $25.00 principal amount of Exchange Notes per $25.00 principal amount of Existing Notes validly tendered. The Exchange Notes will be senior secured obligations secured by perfected liens in certain collateral, will bear interest at 9.75% per annum payable monthly in arrears beginning April 30, 2026, and will mature on March 31, 2029. The Exchange Offers and a concurrent Consent Solicitation commenced on February 13, 2026 and expire on March 16, 2026.
  https://www.sec.gov/Archives/edgar/data/1674356/0001104659-26-017864.txt

## Citations
- 0001104659-26-017864 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926017864