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Terra Firma Capital Corporation Announces Closing of Two First Mortgage Transactions in Two Projects Totalling US$21.7 Million (CDN$28.2 Million) and Stock Options Grant

August 23, 2018 By Globenewswire Tagged With: TSX-V:TII

TORONTO, Aug. 23, 2018 (GLOBE NEWSWIRE) — Terra Firma Capital Corporation (TSX-V: 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$21.7 million (CDN$28.2 million).  The Loans are comprised of a US$18 million (CDN$23.6 million) loan (the “Atlanta loan”) and a US$3.7 million (CDN$4.8 million) loan (the “Phoenix loan”), secured by a first mortgage on development lands located in Atlanta, Georgia and Phoenix, Arizona, respectively.

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