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AUSTIN, TEXAS — Ready Capital Structured Finance, a New York-based bridge and mezzanine lender, has closed an $11.9 million loan for the acquisition, renovation and stabilization of a 200-unit multifamily property in Austin’s Far North Central submarket. The non-recourse, floating-rate loan features a 24-month term with two extension options and a facility to provide for capital expenditures. The name of the property and the borrower were not disclosed.