TerraCotta has purchased more than 60 loans directly from various financial institutions during the course of the last five years. Geographically, we focus on California, but we will consider loans secured by properties in other western states. The firm has extensive on-staff expertise in loan workout that can quickly assess a troubled credit situation and evaluate recovery options. These capabilities allow us to respond promptly to a bid request and to offer a fair price to the selling financial institution. TerraCotta has a reputation for closing quickly and as agreed.