Our Philosophy

TRTX’s leadership have spent the majority of their careers as portfolio lenders. Decades of lending experience provides in-depth market perspectives, an understanding of how assets perform in different market conditions, and long-standing relationships with borrowers and brokers.

Part of global alternative asset firm TPG, TRTX has access to the full TPG platform and benefits from the firm’s expertise, intellectual capital, and institutional market knowledge. In addition to collaboration with TPG’s private equity, growth, credit, and public markets strategies, TRTX is part of TPG Real Estate and benefits from the network and market insight of TPG’s Real Estate equity investing team, which invests primarily in real estate-intensive operating companies and large portfolios of commercial properties throughout the United States and Europe.

Markets
Major Markets
Property Types
Major Property Types
Loan Size
Greater than $50 Million
Leverage
Up to 70% LTV
Pricing
L + 3.0% - 5.0%

Terms

  • Loan Amount: > $50 million
  • Geography: Top 25 US markets
  • Advance Rate: 70% to 80%
  • Interest Rate: L + 3.5% to 7.0%
  • Term: 3 years, with annual options to extend thereafter
Peter Smith

Peter Smith has served as our vice president and our Manager’s head of originations since November 2016. Mr. Smith is a managing director of TPG and a member of our Manager’s investment committee. Mr. Smith has more than 25 years of commercial real estate debt financing experience, including transitional loans, mezzanine loans, long-term fixed rate loans, loan portfolio acquisitions, and workouts and restructurings. Prior to joining TPG in November 2016, Mr. Smith was a managing director at Ladder Capital focusing on loan originations. Mr. Smith’s prior experience includes senior positions with Credit Suisse, UBS, Credit Suisse First Boston and Heller Financial. Mr. Smith is a graduate of the University of Michigan from which he earned a B.B.A. in Accounting.

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