---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-002583"
form_type: "8-K"
ticker: "TPTA"
cik: "0001674356"
company_name: "Terra Property Trust, Inc."
filed_at: "2026-01-12T23:59:59+00:00"
generated_at: "2026-05-16T10:53:29.393868+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "medium"
source: SEC EDGAR
---

# Terra Property Trust reports debt reduction to ~$186M as of Dec 31, 2025

## Summary
- Total debt reduced from $439M (Dec 2022) to ~$186M (Dec 2025), down over 12 quarters.
- Promissory notes of $28.9M fully repaid in Nov. 2025 after borrower refinancing provided $39M.
- Cash and cash equivalents of $33.0M as of Dec. 31, 2025.
- Estimated debt-to-equity ratio 1.15-1.25x; net debt-to-equity 0.95-1.05x.

## SEC filing metadata
- accession: 0001104659-26-002583
- form_type: 8-K
- ticker: TPTA
- cik: 0001674356
- company_name: Terra Property Trust, Inc.
- filed_at: 2026-01-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: medium
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674356/000110465926002583/0001104659-26-002583-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674356/000110465926002583/tm262775d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-002583
- JSON: https://secwatch.observer/filing/0001104659-26-002583.json
- Plain text: https://secwatch.observer/filing/0001104659-26-002583.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.