Ready Capital Structured Finance closed four non-recourse interest-only acquisition and renovation for $30.5 million.
The Florida loan is for the acquisition, and conversion of an industrial warehouse in Miami into a 35,000 s/f office complex. Ready provided the $11.5 million loan that features a 24-month term with one extension option
The $10.4 million Georgia loan is for the acquisition and stabilization of a 125,000 s/f office building in the Fairlie-Poplar Historic District of downtown Atlanta.
In North Carolina Ready provided a %6.2 acquisition loan for a 85-unit, five-building, multifamily in Charlotte.
And $2.4 million was loan for the acquisition of an 11-unit, multifamily property in the Mar Vista.