179
ATLANTA — Ready Capital Structured Finance has provided a $10.4 million loan for the acquisition and renovation of a historic office building in downtown Atlanta’s Farilie-Poplar Historic District. Known as The Grant Building, the 125,000-square-foot property is located at 44 Broad St. N.W. The undisclosed borrower will use the loan to update the property’s elevators and common areas, improve the ground floor retail space and address deferred maintenance. The 36-month loan features two extension options, flexible pre-payment options and is inclusive of a facility to provide for capital expenditures, leasing costs and interest and carry reserves.