ALTERRA
The Anchor LP for Real Estate Owners

Alterra becomes your anchor LP — reducing the equity you tie up at close, lifting your cash-on-cash and IRR, and bringing proprietary TerraScore underwriting to every deal. More capital freed. More deals within reach.

Model Your Deal

See the economic impact Alterra can have on your deal.

Start with our live example, then drop in your own numbers. Watch your equity at close, cash-on-cash, and IRR move in real time.

Enter Your Numbers
Your Deal
Property value
$
Going-in cap rate8.0%
Senior loan-to-value70%
Senior interest rate6.0%
Target hold5 yrs
Exit Assumptions
Exit cap rate8.0%
Annual NOI growth2.5%
Implied Year-1 NOI$800k
Equity freed at close
versus financing the deal conventionally
$1.2M
Without Alterra
Conventional senior debt + your equity
Your equitySenior debt
Equity at close
Senior debt
Annual debt service
Avg cash-on-cash
Equity multiple
Project IRR
Senior leverage
With Alterra
Alterra anchor capital + senior debt
Your equityAlterra anchorSenior debt
Equity at close
Senior debt
Annual debt service
Avg cash-on-cash
Equity multiple
Project IRR
Senior leverage
Equity Released
IRR Uplift
Cash-Yield Uplift
Multiple Uplift
Indicative only — not a quote or commitment. Every transaction is individually structured and underwritten through TerraScore™ review, so your actual terms and results will differ.

Illustrative. Figures assume 25-year amortizing senior financing, an annual NOI growth rate, and standard exit assumptions over your selected hold. Freed equity is assumed to be redeployed into another comparable deal at the same IRR. For discussion only — not an offer, projection, or guarantee.

Partner With Us
About Us

Built on bedrock.

Assets Managed$1B+Real estate & structured real estate finance
Experience75 yrsCombined real estate experience
FootprintNationwideU.S. real estate exposure
Affiliate ofICT Capital
HeadquartersWichita, KS
Proprietary EngineTerraScore™Our algorithmic underwriting brain — every asset scored on demand. Explore →
TerraScore™ · Proprietary Underwriting

Conviction, quantified.

TerraScore is Alterra’s proprietary scoring engine. On demand, it ingests hundreds of data points across an asset’s operator, market, collateral, and structure — then resolves them into a single, defensible score. It’s how we move from opportunity to a sized anchor commitment in days, not months.

TerraScore™ · Asset Report
0/ 100
A− Investment Grade
Sample Asset · Class A Multifamily · Midwest MSA
TerraScore™ · Dimension Breakdown
Tenant / Operator88
Industry & Market84
Collateral Coverage & Value91
Repayment & Exit82
Structural & Legal86
200+Inputs per asset
5Scoring dimensions
On-DemandAnalysis turnaround
100-ptComposite scale
A few of the signals TerraScore weighs
Operator creditTenancy & rent rollSubmarket fundamentalsComparable salesReplacement costMacro & ratesTitle & structureAsset condition

Illustrative TerraScore output. Sample asset and figures shown for demonstration only.

Partner With Us

Let’s talk about your deal.

Alterra is founder-led and relationship-driven. Reach us directly.

Doug Malone, Co-Founder
Doug Malone
Co-Founder
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Michael Malone, Co-Founder
Michael Malone
Co-Founder
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Supported by a team of industry-leading professionals.
Connect
316.440.8311
301 N. Main St., Suite 1400
Wichita, KS 67202