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Debt - Narratives - Repurchase agreement (Details)
3 Months Ended 12 Months Ended
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Mar. 31, 2021
USD ($)
Debt Instrument      
Cash and cash equivalents $ 9,858,153 $ 35,783,956 $ 18,464,161
Repurchase agreements payable, net of deferred financing fees 173,698,002 43,974,608  
UBS Master Repurchase Agreement      
Debt Instrument      
Repurchase agreements payable, net of deferred financing fees 58,169,600 $ 44,569,600  
UBS Master Repurchase Agreement | Terra Mortgage Capital LLC      
Debt Instrument      
Other Deferred Costs, Gross $ 600,000    
Maturity Date Nov. 07, 2024    
Cash liquidity $ 5,000,000    
Minimum net worth required for compliance $ 215,700,000    
Debt instrument covenant requirement on consolidated tangible net worth minimum percent 75.00%    
EBITDA To interest expense ratio 1.25 1.50  
Cash and cash equivalents $ 15,000,000    
Ratio of Debt to Net Worth 3.50    
Repurchase agreements payable, net of deferred financing fees $ 13,600,000    
Increase (Decrease) in Payables under Repurchase Agreements $ 0    
Payment guarantee maximum percent 25.00%    
Covenant Description the UBS Guarantee Agreement contains financial covenants, which require the Company to maintain: (i) cash liquidity of at least the greater of $5 million or 5% of the then-current outstanding amount under the UBS Master Repurchase Agreement; (ii) total liquidity of at least the greater of $15 million or 10% of the then-current outstanding amount under the UBS Master Repurchase Agreement (iii) tangible net worth at an amount equal to or greater than $215.7 million plus 75% of new capital contributions thereafter; (iv) an EBITDA to interest expense ratio of not less than 1.50 to 1.00; and (v) a total indebtedness to tangible net worth ratio of not more than 3.50 to 1.00. In March 2022, the Company amended the UBS Guarantee Agreement to reduce the EBITDA to interest expense ratio of not less than 1.25 to 1.00,    
Covenant Compliance as of March 31, 2022 and December 31, 2021, the Company was in compliance with these covenants. as of March 31, 2022 and December 31, 2021, the Company was in compliance with these covenants.  
UBS Master Repurchase Agreement | Terra Mortgage Capital LLC | Minimum      
Debt Instrument      
Value-added assets with loan-to-value ratio 65.00%    
Value added assets yield ratio 2.50%    
Debt instrument covenant minimum percentage of cash liquidity 5.00%    
Minimum percentage of total liquidity 10.00%    
UBS Master Repurchase Agreement | Terra Mortgage Capital LLC | Maximum      
Debt Instrument      
Maximum Borrowing Capacity $ 195,000,000    
Value-added assets with loan-to-value ratio 80.00%    
Value added assets yield ratio 5.00%    
UBS Master Repurchase Agreement | Terra Mortgage Capital LLC | SOFR | Minimum      
Debt Instrument      
Debt Instrument, Basis Spread on Variable Rate 1.60%    
UBS Master Repurchase Agreement | Terra Mortgage Capital LLC | SOFR | Maximum      
Debt Instrument      
Debt Instrument, Basis Spread on Variable Rate 2.25%    
Uncommitted Master Repurchase Agreement | Terra Mortgage Capital LLC      
Debt Instrument      
Maximum Borrowing Capacity $ 200,000,000    
Other Deferred Costs, Gross 600,000    
Unamortized deferred financing fees $ 1,700,000    
Maturity Date Feb. 18, 2024    
Cash liquidity $ 5,000,000    
Debt instrument covenant requirement on consolidated tangible net worth minimum percent 75.00%    
EBITDA To interest expense ratio 1.50    
Cash and cash equivalents $ 15,000,000    
Ratio of Debt to Net Worth 3.00    
Repurchase agreements payable, net of deferred financing fees $ 118,349,549    
Increase (Decrease) in Payables under Repurchase Agreements $ 0    
Covenant Description The Repurchase Agreement and the Guarantee Agreement contain various representations, warranties, covenants, conditions precedent to funding, events of default and indemnities that are customary for agreements of these types. In addition, the Guarantee Agreement contains financial covenants, which require the Company to maintain: (i) cash liquidity of at least the greater of $5 million or 5% of the then-current outstanding amount under the Repurchase Agreement; (ii) total liquidity in an amount equal to or greater than the lesser of $15 million or 10% of the then-current outstanding amount under the Repurchase Agreement (iii) tangible net worth at an amount no less than 75% of that at closing; (iv) an EBITDA to adjusted interest expense ratio of not less than 1.50 to 1.00; and (v) a total indebtedness to tangible net worth ratio of not more than 3.00 to 1.00.    
Covenant Compliance as of March 31, 2022, the Company was in compliance with these covenants.    
Uncommitted Master Repurchase Agreement | Terra Mortgage Capital LLC | SOFR | Minimum      
Debt Instrument      
Debt Instrument, Basis Spread on Variable Rate 1.75%    
Uncommitted Master Repurchase Agreement | Terra Mortgage Capital LLC | SOFR | Maximum      
Debt Instrument      
Debt Instrument, Basis Spread on Variable Rate 3.00%    
Uncommitted Master Repurchase Agreement | Terra Mortgage Capital LLC | Performing Loans      
Debt Instrument      
Payment guarantee maximum percent 25.00%    
Uncommitted Master Repurchase Agreement | Terra Mortgage Capital LLC | Nonperforming Loans      
Debt Instrument      
Payment guarantee maximum percent 50.00%