Terra Income Fund 6, LLC reported its financial results for the third quarter of 2025, revealing a net loss of $3.4 million, compared to a loss of $1.9 million in the same period last year. For the nine months ending September 30, 2025, the company recorded a net loss of $7.9 million, an increase from a loss of $6.9 million in the prior year. Total revenues for the third quarter were $1.9 million, slightly up from $1.86 million in the previous year, while revenues for the nine-month period decreased to $5.66 million from $5.82 million. The decline in year-to-date revenue was primarily attributed to a decrease in interest income, which fell to $5.6 million from $5.8 million.
The company's total assets decreased to $109.4 million as of September 30, 2025, down from $115.9 million at the end of 2024. This decline was driven by a reduction in equity interest in unconsolidated investments, which fell to $26.7 million from $36.3 million. Loans held for investment increased to $21.5 million from $18.6 million, while promissory notes receivable decreased to $38.1 million from $45.1 million. The company’s liabilities also rose slightly, with total liabilities reaching $56.3 million, compared to $55.1 million at the end of 2024.
Operationally, Terra Income Fund 6, LLC has seen significant changes in its investment strategy. The company reported a provision for credit losses of $2.5 million for the nine months ended September 30, 2025, compared to $1.6 million in the same period last year. This increase reflects a decline in the estimated recoverable amount on a non-performing subordinated loan. Additionally, the company recognized a loss from equity interests in unconsolidated investments of $3.4 million for the nine months ended September 30, 2025, compared to $2.9 million in the prior year, primarily due to depreciation and interest expenses.
Looking ahead, Terra Income Fund 6, LLC aims to navigate the current market conditions by focusing on its core investment strategy, which includes originating and managing real estate-related loans. The company has indicated that it will continue to monitor its portfolio closely and adjust its investment approach as necessary to mitigate risks associated with borrower defaults and market volatility. The company’s management remains committed to enhancing shareholder value through strategic investments and effective asset management, while also addressing the challenges posed by the current economic environment.
About Terra Income Fund 6, LLC
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