Equity programs offered by Terrace Capital, allow real estate investors and developers an opportunity to maximize their investment opportunities by injecting smaller portions of their own equity on hand and leveraging it with equity from Terrace Capital.
Equity through Terrace Capital is available in three primary forms:
- Equity- Preferred: Preferred equity allows a sponsor to preserve primary ownership interest in and control in a property, with a cost-effective alternative to utilizing partners.
- Equity- Non-Promoted: A Non-Promoted equity product gives sponsors the ability to invest a smaller amount of equity in a particular project where he or she is looking for a purely pari-passu investment partner.
- Equity- Promoted: A Promoted equity product gives sponsors the ability to invest a smaller amount of equity in a particular project, participate in the value created that is above and beyond their pro-rata investment.
The firm gives priority to equity opportunities where Terrace Capital is supplying debt.