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TIC Investors Obtain $6M Conduit Loan for Vacant Building

TEMPE, AZ-Marcus & Millichap Capital Corp. pulls a conduit loan out of its hat to finance an empty retail center sold to 14 tenant-in-common investors. RBS Greenwich Capital provided the $5.8-million loan.

By Jennifer D. Duell | Updated on September 10, 2004

Jennifer D. Duell is on special assignment for GlobeSt.com.

TEMPE, AZ-After pursuing 12 conduit lenders, Marcus & Millichap Capital Corp. managed to convince RBS Greenwich Capital to provide a $5.8-million conduit loan to a pool of 14 tenant-in-common investors acquiring a vacant retail center.

“It was a very complicated transaction and we did it all in less than 60 days,” says Greg Miskovsky of MMCC who put the deal together. “There were a bunch of people that thought we couldn’t get it done.”

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