Here are the 10-Q quarterly reports from Terra Income Fund 6, LLC 7.00% Notes due 2026 (TFSA) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TFSA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TFSA filings page.
Terra Income Fund 6, LLC (TFSA) filed its quarterly report, showing a wider loss as credit costs and equity-method losses weighed on results. The company reported a net loss of $3,398,585 for the quarter on total revenues of $1,901,796. A higher provision for credit losses of $924,129 and a loss from unconsolidated investments of $1,870,622 drove the decline.
At period end, total assets were $109,442,642 and cash rose to $11,494,870. Loans held for investment and through participations totaled $31,649,464 (carrying value), with three non‑performing loans at an amortized cost of $49.0 million and an allowance for credit losses of $18,247,019. The portfolio skews to mixed‑use and California exposure. The company received $6,119,683 in distributions from a joint venture following a property sale.
On the liability side, unsecured notes payable remain at $38,375,000 principal, maturing March 31, 2026; the company states it was in compliance with covenants. Interest expense on the notes was $1,041,941 in the quarter. A promissory note receivable from the parent stood at $38,064,506, contributing $0.8 million of interest income in the quarter.
Terra Income Fund 6, LLC (Terra LLC) reports interim consolidated results following its October 1, 2022 merger that made Terra LLC successor to Terra BDC. The company holds $38.4 million aggregate principal of 7.00% Senior Notes due 2026, which it assumed in the merger and remains in compliance with covenants as of June 30, 2025. The loan portfolio shows an increase in non-performing loans to three loans with $47.9 million amortized cost (vs. two loans and $27.3 million at Dec 31, 2024) and a specific allowance of $15.5 million as of both June 30, 2025 and Dec 31, 2024. Terra LLC had a related-party revolving promissory note receivable from Terra REIT with an outstanding balance of $47.2 million as of June 30, 2025 and recorded interest income of $1.7 million for the six months ended June 30, 2025. Unfunded loan commitments were $0 at June 30, 2025. The company uses a model-based CECL allowance methodology and values real-estate loans as Level 3 using discounted cash flows.