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Terra Firma Capital Corporation Announces Closing of Two First Mortgage Transactions in Two Projects Totalling US$21.1 Million (CDN$27.1 Million) and Stock Option Grants

December 21, 2017 By Globenewswire Tagged With: TSX-V:TII

TORONTO, ONTARIO–(Marketwired – Dec. 21, 2017) – Terra Firma Capital Corporation (TSX VENTURE:TII) (“Terra Firma” or the “Company”), is pleased to announce the closing of two first mortgage loans (the “Loan(s)”) to separate and unrelated borrowers in the U.S. totaling US$21.1 million (CDN$27.1 million). The Loans comprise a US$12.5 million (CDN$16.1 million) first mortgage loan secured by development land located in Santa Barbara County, California and a US$8.6 million (CDN$11 million) first mortgage loan secured by development land located in Phoenix, Arizona.

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