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| Subsidiaries | | Jurisdiction of formation |
| Terra Ocean Ave, LLC | | New York |
| Terra Ocean Ave, LLC | | Delaware |
| Terra Driggs, LLC | | Delaware |
| Terra Orange Grove Pref, LLC | | Delaware |
| Terra Harlem Member, LLC | | Delaware |
| Terra 370 Lex LLC | | Delaware |
| Terra Mortgage Capital I, LLC | | Delaware |
| Terra Mortgage Portfolio I, LLC | | Delaware |
| Terra Lakeside Development, LLC | | Delaware |
| Terra LOC Portfolio I, LLC | | Delaware |
| Terra Walnut Development, LLC | | Delaware |
| Terra Rockland Pref, LLC | | Delaware |
| Terra Palm Springs, LLC | | Delaware |
| Terra University Park Mortgage, LLC | | Delaware |
| Terra 870SC, LLC | | Delaware |
| Terra Mortgage Capital II, LLC | | Delaware |
| Terra Mortgage Portfolio II, LLC | | Delaware |
| Terra Mortgage Capital III, LLC | | Delaware |
| Terra Mortgage Portfolio III, LLC | | Delaware |
| TPT Special Subsidiary, LLC | | Delaware |
| Terra Industrial, LLC | | Delaware |
| Asano Bankers Hill LLC | | Delaware |
| Mavik Asano LLC | | Delaware |
| Terra Astoria Pref, LLC | | Delaware |
| Terra Northlake LLC | | Delaware |
| Mavik Ann Street Prf II LLC | | Delaware |
| MCM Maxx, LLC | | Delaware |
| Terra Larkin Development LLC | | Delaware |