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JACKSONVILLE, FLA. — Ready Capital has closed the $8.2 million loan for the acquisition and renovation of a 170,000-square-foot industrial warehouse and distribution property in Jacksonville. The name of the property was not disclosed. The non-recourse, interest-only, floating-rate loan features a 48-month term, one extension option, flexible prepayment and is inclusive of a facility to provide future funding for capital expenditures and tenant leasing costs. Upon acquisition, the sponsor will implement a capital improvement plan to renovate property exteriors and common areas.