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The conduit will usually pool enough funds from the mortgage-back securities before reissuing the funds to another party. A conduit may be used if a borrower is unable to meet the requirements of the original lender. See also conduit borrower, conduit issuer. The water was leaking, so I figured that there must be some kind of problem with a conduit that was causing the leak.
Understanding Conduit Loans. Conduit loans are available for many different types of income producing commercial real estate properties, including, multifamily properties, self storage facilities, hotel, office buildings, industrial buildings, warehouse and retail properties.