Terra Property Trust, Inc. disclosed cash flow projections for April 1, 2026, through September 30, 2026, as part of an exchange offer to replace 6.00% Senior Notes due June 30, 2026, with 11.00% Senior Secured Notes due July 1, 2027, and cash. The company expects aggregate cash inflows of $47.1 million, primarily from a $31.6 million multifamily equity investment monetization. Projected cash outflows range from $37.9 million (full participation in the exchange offer) to $51.9 million (65.7% participation), including $13.3 million for a secured borrowing repayment in September 2026. On June 11, 2026, the company announced an extension of the exchange offer. The company is a real estate investment trust that invests in various property types.
