{"success":true,"data":{"pressRelease":{"id":"168944","rtpr_id":"nBw8thZp4a-20261014","ticker":"WD","exchange":"NYSE","all_tickers":["WD"],"title":"Terra Secures $183.75 Million Refinancing for The Offices at THE WELL Bay Harbor Islands From Monroe Capital’s Real Estate Platform","author":"Business Wire","published_at":"2026-10-14T12:30:00.792Z","article_body":"Terra Secures $183.75 Million Refinancing for The Offices at THE WELL Bay\nHarbor Islands From Monroe Capital’s Real Estate Platform\n\nThe refinancing follows the recent delivery of the 96,000-square-foot Class A\noffice building, which is now more than 90% leased.\n\nTerra\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.terragroup.com%2F&esheet=54621657&newsitemid=20261014823384&lan=en-US&anchor=Terra&index=1&md5=cf7afeb3577c8c2f0d3e6de0f08ff49e)\n, one of South Florida’s leading real estate development firms, has secured\na $183.75 million loan from Monroe Capital's Real Estate Platform, the real\nestate finance platform of private credit asset manager Monroe Capital\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmonroecap.com%2F&esheet=54621657&newsitemid=20261014823384&lan=en-US&anchor=Monroe+Capital&index=2&md5=6cffd18c850d3c77807c2b6239022b94)\n, to refinance The Offices at THE WELL Bay Harbor Islands\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.thewellbayharbor.com%2Fthe-well-offices%2F&esheet=54621657&newsitemid=20261014823384&lan=en-US&anchor=The+Offices+at+THE+WELL+Bay+Harbor+Islands&index=3&md5=8af8f522edf44b05a57d999100eca659)\n, the recently completed Class A office component of Terra’s\nwellness-focused mixed-use development in Bay Harbor Islands. Walker &\nDunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron\nAppel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, and\nJordan Casella represented Terra in the transaction.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20261014823384/en/\n(https://www.businesswire.com/news/home/20261014823384/en/)\n\nTHE WELL Bay Harbor Islands\n\nThe refinancing follows the successful completion of the office building this\nsummer and strong leasing momentum at the property. The Offices at THE WELL is\nnow more than 90% leased, reflecting demand for the project’s\nwellness-focused approach to the workplace.\n\nThe office building has attracted a roster of financial, investment and\nprofessional services firms, including Man Capital LLP, Dwight Capital, TEB\nCapital Management, NewCo Capital Group and Legacy Wealth Advisors. The ground\nfloor is also the future home of The Golden Good Market and THE WELL Club,\nwhich are both slated to open in 2027.\n\n“Securing this refinancing following the building’s completion and strong\nleasing performance speaks to the strength of the project and the demand\nwe’re seeing for a more wellness-focused workplace,” said David Martin,\nCEO of Terra. “We set out to create an office environment that rethinks the\nrelationship between work and wellness, and the response from tenants has\nvalidated that vision. Monroe Capital has been a great partner throughout this\nprocess, and their experience financing high-quality real estate and deep\nunderstanding of the South Florida market made them an ideal lending partner\nto support the project’s long-term success.”\n\n“We are excited to close this financing for David Martin and the Terra team.\nThey are one of the highest-quality sponsors in the market, and this is a\nClass A+ asset that is newly completed and already more than 90% leased,\" said\nKyle Asher, Partner and Co-Head of Monroe Capital's Alternative Credit\nSolutions Group. \"We continue to build out our middle-market real estate\nbusiness nationally.”\n\nMonroe Capital’s Real Estate Platform delivers structured debt and equity\nfinancing across all asset types and geographies, combining deep real estate\nexpertise with the ability to move quickly and provide certainty of execution.\n\nDeveloped by Terra, THE WELL Bay Harbor Islands is the first THE WELL-branded\noffice and residential project in the United States, comprising 96,000 square\nfeet of Class A office space alongside an eight-story residential component\nwith 65 luxury residences and more than 22,000 square feet of amenities.\nDesigned as a fully integrated wellness-focused community, the development\nbrings together residences, workplaces and wellness offerings, including THE\nWELL Club, with the office component integrating wellness, hospitality and\nworkplace design throughout the building.\n\n“The strong leasing momentum and differentiated wellness-focused concept at\nTHE WELL Bay Harbor Islands created an opportunity to structure a refinancing\nthat aligned with Terra’s long-term objectives,” said Keith Kurland,\nSenior Managing Director of Capital Markets and Co-Head of Institutional\nAdvisory at Walker & Dunlop. “We were pleased to work alongside Terra\nand Monroe Capital to deliver a financing solution that reflects the strength\nof the asset and positions the development for continued success.”\n\nThe Offices at THE WELL features a suite of wellness-focused workplace\namenities, including a hospitality-driven lobby adjacent to THE WELL Club,\nJuice Bar and The Golden Good Market; rooftop outdoor meeting and gathering\nspaces, community gardens and fitness programming; and an elevated courtyard\ndesigned for al fresco work and socializing. Office tenants also receive\npreferred access to THE WELL’s onsite wellness offerings, including\nconcierge services, health coaching and spa privileges. The residential\ncomponent features a separate 22,000-plus-square-foot amenity program,\nanchored by a state-of-the-art wellness center and THE WELL Club, which\nincludes a Bath House, Miami’s first Caldarium and a Rejuvenating Saunarium.\n\nThe refinancing underscores Terra’s continued investment in mixed-use\ncommunities that integrate residential, wellness, hospitality and commercial\nuses. In addition to THE WELL Bay Harbor Islands, Terra is currently\ndeveloping THE WELL Coconut Grove, a wellness-focused residential community in\nMiami’s Coconut Grove neighborhood. Terra’s broader portfolio includes\nMary Street, a mixed-use office and retail destination also located in Coconut\nGrove.\n\nAbout Terra:\n\nTerra is a Miami-based real estate development and investment company that\ncreates communities, enhances neighborhoods, and connects people. Led by CEO\nDavid Martin, Terra was founded in 2001 and is active across all major real\nestate asset classes, including multifamily apartments, luxury condominium and\nsingle-family residences, retail and office space, hotels, and industrial\nproperties. Terra owns and operates a carefully curated portfolio of real\nestate developments that elevate quality of life; maximize the way in which\npeople work, live and entertain; and innovate the urban and suburban landscape\nwith an eye toward resiliency and sustainability. Since its launch, Terra has\ndeveloped more than eight million square feet of residential, commercial, and\nmixed-use projects across South Florida. Terra thrives by assembling teams\ncomprised of the world’s most accomplished architects, designers, planners,\nengineers and builders who collaborate to bring the firm’s development\nvision to life. Learn more at www.terragroup.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.terragroup.com&esheet=54621657&newsitemid=20261014823384&lan=en-US&anchor=www.terragroup.com&index=4&md5=bdd79bffd1615961eb1ca30f582305d4)\n.\n\nAbout Monroe Capital\n\nMonroe is a premier asset management firm specializing in private credit\nmarkets across various strategies, including direct lending, technology\nfinance, venture debt, alternative credit solutions, structured credit, real\nestate and equity. Since 2004, the firm has been successfully providing\ncapital solutions to clients in the U.S. and Canada. Monroe prides itself on\nbeing a value-added and user-friendly partner to business owners, management,\nand both private equity and independent sponsors. Monroe’s platform offers a\nwide variety of investment products for both institutional and high net worth\ninvestors with a focus on generating high quality “alpha” returns\nirrespective of business or economic cycles. The firm is headquartered in\nChicago and has 14 locations throughout the United States, Asia, Australia,\nEurope, and Middle East.\n\nMonroe has been recognized by both its peers and investors with various awards\nincluding GrowthCap Advisory’s 2025 Top Private Credit Firm List; Inc.’s\n2025 Founder-Friendly Investors List; DealCatalyst as the 2025 Most Innovative\nPrivate Credit CLO Manager and Boutique Private Credit CLO Manager of the\nYear; Private Debt Investor as the 2025 CLO Manager of the Year, Americas;\nGlobal M&A Network as the 2025 Lower Mid-Markets Lender of the Year,\nU.S.A; Korean Economic Daily as the 2025 Best Asset Manager of the Year,\nPrivate Debt Mid-Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund;\nand Pension Bridge as the 2020 Private Credit Strategy of the Year. For more\ninformation and important disclaimers, please visit www.monroecap.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.monroecap.com&esheet=54621657&newsitemid=20261014823384&lan=en-US&anchor=www.monroecap.com&index=5&md5=a6fe6c981388352221b34b06183392f5)\n.\n\nAbout Walker & Dunlop\n\nWalker & Dunlop\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.walkerdunlop.com%2Fabout&esheet=54621657&newsitemid=20261014823384&lan=en-US&anchor=Walker+%26+Dunlop&index=6&md5=f129f7ac872f53e2f1955aa789fe2168)\n(NYSE: WD) is one of the largest commercial real estate finance and advisory\nservices firms in the United States and internationally. Our ideas and capital\ncreate communities where people live, work, shop, and play. Our innovative\npeople, breadth of our brand, and our technological capabilities make us one\nof the most insightful and client-focused firms in the commercial real estate\nindustry.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261014823384/en/\n(https://www.businesswire.com/news/home/20261014823384/en/)\n\nFor more information, please contact:\n\nZia Uddin\nMonroe Capital LLC\n312-523-2374\nzuddin@monroecap.com (mailto:zuddin@monroecap.com)\n\nDaniel Abramson\nGregory\n857-305-8441\ndabramson@gregoryagency.com (mailto:dabramson@gregoryagency.com)\n\nSchwartz Media Strategies\nterra@schwartz-media.com (mailto:terra@schwartz-media.com) \n(305) 308-6351\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw8thZp4a-20261014","title":"Terra Secures $183.75 Million Refinancing for The Offices at THE WELL Bay Harbor Islands From Monroe Capital’s Real Estate Platform","author":"Business Wire","ticker":"WD","created":"2026-10-14T12:30:00.792Z","tickers":["WD"],"exchange":"NYSE","article_body":"Terra Secures $183.75 Million Refinancing for The Offices at THE WELL Bay\nHarbor Islands From Monroe Capital’s Real Estate Platform\n\nThe refinancing follows the recent delivery of the 96,000-square-foot Class A\noffice building, which is now more than 90% leased.\n\nTerra\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.terragroup.com%2F&esheet=54621657&newsitemid=20261014823384&lan=en-US&anchor=Terra&index=1&md5=cf7afeb3577c8c2f0d3e6de0f08ff49e)\n, one of South Florida’s leading real estate development firms, has secured\na $183.75 million loan from Monroe Capital's Real Estate Platform, the real\nestate finance platform of private credit asset manager Monroe Capital\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmonroecap.com%2F&esheet=54621657&newsitemid=20261014823384&lan=en-US&anchor=Monroe+Capital&index=2&md5=6cffd18c850d3c77807c2b6239022b94)\n, to refinance The Offices at THE WELL Bay Harbor Islands\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.thewellbayharbor.com%2Fthe-well-offices%2F&esheet=54621657&newsitemid=20261014823384&lan=en-US&anchor=The+Offices+at+THE+WELL+Bay+Harbor+Islands&index=3&md5=8af8f522edf44b05a57d999100eca659)\n, the recently completed Class A office component of Terra’s\nwellness-focused mixed-use development in Bay Harbor Islands. Walker &\nDunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron\nAppel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, and\nJordan Casella represented Terra in the transaction.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20261014823384/en/\n(https://www.businesswire.com/news/home/20261014823384/en/)\n\nTHE WELL Bay Harbor Islands\n\nThe refinancing follows the successful completion of the office building this\nsummer and strong leasing momentum at the property. The Offices at THE WELL is\nnow more than 90% leased, reflecting demand for the project’s\nwellness-focused approach to the workplace.\n\nThe office building has attracted a roster of financial, investment and\nprofessional services firms, including Man Capital LLP, Dwight Capital, TEB\nCapital Management, NewCo Capital Group and Legacy Wealth Advisors. The ground\nfloor is also the future home of The Golden Good Market and THE WELL Club,\nwhich are both slated to open in 2027.\n\n“Securing this refinancing following the building’s completion and strong\nleasing performance speaks to the strength of the project and the demand\nwe’re seeing for a more wellness-focused workplace,” said David Martin,\nCEO of Terra. “We set out to create an office environment that rethinks the\nrelationship between work and wellness, and the response from tenants has\nvalidated that vision. Monroe Capital has been a great partner throughout this\nprocess, and their experience financing high-quality real estate and deep\nunderstanding of the South Florida market made them an ideal lending partner\nto support the project’s long-term success.”\n\n“We are excited to close this financing for David Martin and the Terra team.\nThey are one of the highest-quality sponsors in the market, and this is a\nClass A+ asset that is newly completed and already more than 90% leased,\" said\nKyle Asher, Partner and Co-Head of Monroe Capital's Alternative Credit\nSolutions Group. \"We continue to build out our middle-market real estate\nbusiness nationally.”\n\nMonroe Capital’s Real Estate Platform delivers structured debt and equity\nfinancing across all asset types and geographies, combining deep real estate\nexpertise with the ability to move quickly and provide certainty of execution.\n\nDeveloped by Terra, THE WELL Bay Harbor Islands is the first THE WELL-branded\noffice and residential project in the United States, comprising 96,000 square\nfeet of Class A office space alongside an eight-story residential component\nwith 65 luxury residences and more than 22,000 square feet of amenities.\nDesigned as a fully integrated wellness-focused community, the development\nbrings together residences, workplaces and wellness offerings, including THE\nWELL Club, with the office component integrating wellness, hospitality and\nworkplace design throughout the building.\n\n“The strong leasing momentum and differentiated wellness-focused concept at\nTHE WELL Bay Harbor Islands created an opportunity to structure a refinancing\nthat aligned with Terra’s long-term objectives,” said Keith Kurland,\nSenior Managing Director of Capital Markets and Co-Head of Institutional\nAdvisory at Walker & Dunlop. “We were pleased to work alongside Terra\nand Monroe Capital to deliver a financing solution that reflects the strength\nof the asset and positions the development for continued success.”\n\nThe Offices at THE WELL features a suite of wellness-focused workplace\namenities, including a hospitality-driven lobby adjacent to THE WELL Club,\nJuice Bar and The Golden Good Market; rooftop outdoor meeting and gathering\nspaces, community gardens and fitness programming; and an elevated courtyard\ndesigned for al fresco work and socializing. Office tenants also receive\npreferred access to THE WELL’s onsite wellness offerings, including\nconcierge services, health coaching and spa privileges. The residential\ncomponent features a separate 22,000-plus-square-foot amenity program,\nanchored by a state-of-the-art wellness center and THE WELL Club, which\nincludes a Bath House, Miami’s first Caldarium and a Rejuvenating Saunarium.\n\nThe refinancing underscores Terra’s continued investment in mixed-use\ncommunities that integrate residential, wellness, hospitality and commercial\nuses. In addition to THE WELL Bay Harbor Islands, Terra is currently\ndeveloping THE WELL Coconut Grove, a wellness-focused residential community in\nMiami’s Coconut Grove neighborhood. Terra’s broader portfolio includes\nMary Street, a mixed-use office and retail destination also located in Coconut\nGrove.\n\nAbout Terra:\n\nTerra is a Miami-based real estate development and investment company that\ncreates communities, enhances neighborhoods, and connects people. Led by CEO\nDavid Martin, Terra was founded in 2001 and is active across all major real\nestate asset classes, including multifamily apartments, luxury condominium and\nsingle-family residences, retail and office space, hotels, and industrial\nproperties. Terra owns and operates a carefully curated portfolio of real\nestate developments that elevate quality of life; maximize the way in which\npeople work, live and entertain; and innovate the urban and suburban landscape\nwith an eye toward resiliency and sustainability. Since its launch, Terra has\ndeveloped more than eight million square feet of residential, commercial, and\nmixed-use projects across South Florida. Terra thrives by assembling teams\ncomprised of the world’s most accomplished architects, designers, planners,\nengineers and builders who collaborate to bring the firm’s development\nvision to life. Learn more at www.terragroup.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.terragroup.com&esheet=54621657&newsitemid=20261014823384&lan=en-US&anchor=www.terragroup.com&index=4&md5=bdd79bffd1615961eb1ca30f582305d4)\n.\n\nAbout Monroe Capital\n\nMonroe is a premier asset management firm specializing in private credit\nmarkets across various strategies, including direct lending, technology\nfinance, venture debt, alternative credit solutions, structured credit, real\nestate and equity. Since 2004, the firm has been successfully providing\ncapital solutions to clients in the U.S. and Canada. Monroe prides itself on\nbeing a value-added and user-friendly partner to business owners, management,\nand both private equity and independent sponsors. Monroe’s platform offers a\nwide variety of investment products for both institutional and high net worth\ninvestors with a focus on generating high quality “alpha” returns\nirrespective of business or economic cycles. The firm is headquartered in\nChicago and has 14 locations throughout the United States, Asia, Australia,\nEurope, and Middle East.\n\nMonroe has been recognized by both its peers and investors with various awards\nincluding GrowthCap Advisory’s 2025 Top Private Credit Firm List; Inc.’s\n2025 Founder-Friendly Investors List; DealCatalyst as the 2025 Most Innovative\nPrivate Credit CLO Manager and Boutique Private Credit CLO Manager of the\nYear; Private Debt Investor as the 2025 CLO Manager of the Year, Americas;\nGlobal M&A Network as the 2025 Lower Mid-Markets Lender of the Year,\nU.S.A; Korean Economic Daily as the 2025 Best Asset Manager of the Year,\nPrivate Debt Mid-Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund;\nand Pension Bridge as the 2020 Private Credit Strategy of the Year. For more\ninformation and important disclaimers, please visit www.monroecap.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.monroecap.com&esheet=54621657&newsitemid=20261014823384&lan=en-US&anchor=www.monroecap.com&index=5&md5=a6fe6c981388352221b34b06183392f5)\n.\n\nAbout Walker & Dunlop\n\nWalker & Dunlop\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.walkerdunlop.com%2Fabout&esheet=54621657&newsitemid=20261014823384&lan=en-US&anchor=Walker+%26+Dunlop&index=6&md5=f129f7ac872f53e2f1955aa789fe2168)\n(NYSE: WD) is one of the largest commercial real estate finance and advisory\nservices firms in the United States and internationally. Our ideas and capital\ncreate communities where people live, work, shop, and play. Our innovative\npeople, breadth of our brand, and our technological capabilities make us one\nof the most insightful and client-focused firms in the commercial real estate\nindustry.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261014823384/en/\n(https://www.businesswire.com/news/home/20261014823384/en/)\n\nFor more information, please contact:\n\nZia Uddin\nMonroe Capital LLC\n312-523-2374\nzuddin@monroecap.com (mailto:zuddin@monroecap.com)\n\nDaniel Abramson\nGregory\n857-305-8441\ndabramson@gregoryagency.com (mailto:dabramson@gregoryagency.com)\n\nSchwartz Media Strategies\nterra@schwartz-media.com (mailto:terra@schwartz-media.com) \n(305) 308-6351\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-14T12:30:00.834185616Z","server_sent_at_ms":1791981000834},"received_at":"2026-10-14T12:30:00.884Z","source_url":"https://www.businesswire.com/news/home/20261014823384/en/"},"analysis":{"id":"157197","press_release_id":"168944","analysis_json":{"industry":{"label":"Real Estate Management & Development","sector":"Financials"},"redFlags":[],"eventType":"debt_offering","narrative":"Terra secured a $183.75 million refinancing from Monroe Capital's Real Estate Platform for The Offices at THE WELL Bay Harbor Islands, a 96,000-square-foot Class A office building that is now more than 90% leased.\n\nWalker & Dunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron Appel, and Jonathan Schwartz among others, represented Terra in arranging the financing.\n\nFor Walker & Dunlop (NYSE: WD), the announcement showcases its advisory franchise in commercial real estate debt but includes no new financial results or guidance for the company.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Walker & Dunlop advisory mandate on a $183.75M South Florida office refinancing — evidence of brokerage deal flow, but immaterial to WD financials."},"keyFigures":{"dealValueUsd":"$183.75 million","customDimensions":{"residences":65,"building_sqft":96000,"office_occupancy":"more than 90% leased"}},"quotedText":"We are excited to close this financing for David Martin and the Terra team. They are one of the highest-quality sponsors in the market, and this is a Class A+ asset that is newly completed and already more than 90% leased","namedEntities":{"people":[{"name":"David Martin","role":"CEO of Terra"},{"name":"Kyle Asher","role":"Partner and Co-Head, Monroe Capital Alternative Credit Solutions Group"},{"name":"Keith Kurland","role":"Senior Managing Director, Co-Head of Institutional Advisory, Walker & Dunlop"},{"name":"Aaron Appel","role":"Walker & Dunlop Institutional Advisory"},{"name":"Jonathan Schwartz","role":"Walker & Dunlop Institutional Advisory"},{"name":"Adam Schwartz","role":"Walker & Dunlop Institutional Advisory"},{"name":"Dustin Stolly","role":"Walker & Dunlop Institutional Advisory"},{"name":"Sean Reimer","role":"Walker & Dunlop Institutional Advisory"},{"name":"Jordan Casella","role":"Walker & Dunlop Institutional Advisory"}],"products":["The Offices at THE WELL Bay Harbor Islands","THE WELL Club","The Golden Good Market","THE WELL Coconut Grove","Mary Street"],"companies":[{"name":"Terra","relationship":"borrower/client"},{"name":"Monroe Capital","relationship":"lender"},{"name":"Walker & Dunlop","ticker":"WD","relationship":"filer; capital markets advisor to Terra"},{"name":"THE WELL Bay Harbor Islands","relationship":"project/property"}],"dollarAmounts":[{"amount":"$183.75 million","context":"refinancing loan secured by Terra from Monroe Capital"}]},"materialImpact":{"score":1,"reasoning":"The $183.75M refinancing is Terra's transaction, not Walker & Dunlop's; WD acted only as capital markets advisor. Routine deal announcement with no new financial disclosure for the filer."},"tickerRelevance":{"others":[],"primary":"WD"},"globalImportance":12,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"filerRole":"advisor only","tickerTier":"mid-cap REIT/financial","eventGravity":"client transaction announcement","noFinancialDisclosure":true}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Terra secured a $183.75 million refinancing from Monroe Capital's Real Estate Platform for The Offices at THE WELL Bay Harbor Islands, a 96,000-square-foot Class A office building that is now more than 90% leased.\n\nWalker & Dunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron Appel, and Jonathan Schwartz among others, represented Terra in arranging the financing.\n\nFor Walker & Dunlop (NYSE: WD), the announcement showcases its advisory franchise in commercial real estate debt but includes no new financial results or guidance for the company.","key_figures":{"dealValueUsd":"$183.75 million","customDimensions":{"residences":65,"building_sqft":96000,"office_occupancy":"more than 90% leased"}},"named_entities":{"people":[{"name":"David Martin","role":"CEO of Terra"},{"name":"Kyle Asher","role":"Partner and Co-Head, Monroe Capital Alternative Credit Solutions Group"},{"name":"Keith Kurland","role":"Senior Managing Director, Co-Head of Institutional Advisory, Walker & Dunlop"},{"name":"Aaron Appel","role":"Walker & Dunlop Institutional Advisory"},{"name":"Jonathan Schwartz","role":"Walker & Dunlop Institutional Advisory"},{"name":"Adam Schwartz","role":"Walker & Dunlop Institutional Advisory"},{"name":"Dustin Stolly","role":"Walker & Dunlop Institutional Advisory"},{"name":"Sean Reimer","role":"Walker & Dunlop Institutional Advisory"},{"name":"Jordan Casella","role":"Walker & Dunlop Institutional Advisory"}],"products":["The Offices at THE WELL Bay Harbor Islands","THE WELL Club","The Golden Good Market","THE WELL Coconut Grove","Mary Street"],"companies":[{"name":"Terra","relationship":"borrower/client"},{"name":"Monroe Capital","relationship":"lender"},{"name":"Walker & Dunlop","ticker":"WD","relationship":"filer; capital markets advisor to Terra"},{"name":"THE WELL Bay Harbor Islands","relationship":"project/property"}],"dollarAmounts":[{"amount":"$183.75 million","context":"refinancing loan secured by Terra from Monroe Capital"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-14T12:30:17.840Z","global_importance":12,"audience_relevance":10,"importance_components":{"filerRole":"advisor only","tickerTier":"mid-cap REIT/financial","eventGravity":"client transaction announcement","noFinancialDisclosure":true}},"durationMs":6574,"modelName":"glm-5.3-flashx"}}