Q4 2026

BUILD Q4 2026 Over the past 15 years, Terra Firma Capital Corporation has completed close to $1.5 billion in real estate financing transactions across the United States and Canada. Recently, the company entered its next stage of growth as a significant provider of residential land banking and acquisition and development financing to U.S. homebuilders. Best Real Estate Development Finance Company 2026 – North America Contact Details: Company: Terra Firma Capital Corporation Website: https://www.tfcc.ca/ Established in 2010, Terra Firma Capital Corporation (“Terra Firma” or “TFCC”) has built its business around a straightforward philosophy: understand the real estate, partner with experienced operators and structure transactions that align the interests of borrowers, investors and capital partners. That approach has helped Terra Firma evolve from a Canadian real estate lender into an institutional U.S. residential finance platform. Terra Firma is owned by partners Yisrael Dov Meyer, Chairman, and Seth Greenspan, President and CEO, who are directly involved in the company's strategy and investment decisions. Together with senior executives from leading lending and financial institutions, they have built a team with extensive experience in real estate lending, underwriting, structuring and asset management. In recent years, Terra Firma has concentrated on residential land banking and acquisition and development financing in the United States. Land finance is a critical part of the homebuilding process, providing capital to acquire land, install infrastructure and prepare finished lots. Terra Firma's financing solutions allow builders to develop new communities while deploying their own capital more efficiently. Risk management remains central to the company's strategy. By focusing on fully entitled projects, Terra Firma avoids speculative zoning risk and concentrates its capital on the development and homebuilding stages. The strategy has grown rapidly. Over the past two years, Terra Firma has completed close to $500 million of U.S. residential land financings, supported by credit facilities established with several U.S. financial institutions. The company also maintains a pipeline exceeding $300 million of potential financing opportunities with homebuilders and developers nationwide. Traditional lenders have become more selective in financing land and development, while homebuilders increasingly seek to reduce capital tied up in land and focus their resources on constructing and selling homes. What distinguishes Terra Firma is its ability to combine the flexibility and responsiveness of a specialized lender with institutional underwriting discipline and scalable capital resources. Its relationships with leading public and private U.S. homebuilders provide insight into both the underlying real estate and the operational needs of its borrowers. Through disciplined underwriting, careful market selection and tailored financing structures, Terra Firma has positioned itself as a growing force in the North American real estate development finance market. The Next Stage: Fund III Terra Firma's U.S. land finance platform is expanding through its partnership with Dwight Capital and Terra Dwight Residential Credit Fund III. Launched in 2025, Fund III is an open-ended fund focused on residential land banking and senior acquisition and development lending in growing U.S. markets. The fund finances land for new residential communities, emphasizing markets with strong population and employment growth and sustained demand for single-family homes. The partnership combines Terra Firma's specialized land finance expertise, underwriting capabilities and homebuilder relationships with the scale and resources of Dwight Capital, a major U.S. real estate finance business managing close to $20 billion of agency debt. Fund III has attracted more than $400 million in commitments, providing substantial capacity to finance opportunities across multiple U.S. markets and supporting Terra Firma's continued expansion. For Terra Firma, growth is not simply about completing more transactions. The objective is to build a scalable U.S. residential finance platform while preserving the hands-on approach and disciplined investment philosophy that have characterized the company since 2010. With an experienced team, substantial lending capacity and a growing network of homebuilder relationships, Terra Firma sees Fund III as the foundation for its next chapter: financing the land that will ultimately become thousands of new homes across the United States. Terra Firma: Helping Build Homes for the Next Generation

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