First Vice President
Marcus & Millichap Capital Corporation
Direct: (212) 430-6143
Rick Lechtman is a first vice president of Institutional Property Advisors Capital Markets (IPA) and Marcus & Millichap Capital Corp. (MMCC) based in New York City and New Jersey. Mr. Lechtman is responsible for securing commercial debt and equity financing representing institutional, middle market and private clients encompassing an array of property types including multi-family, retail, office and industrial, self-storage, student housing, seniors housing, condominium, land and hospitality. He is well connected with national, regional and local funding sources including, but not limited to, agency lenders (e.g. Fannie Mae, Freddie Mac), commercial banks, CMBS lenders, life insurance companies, private and public funds and bridge lenders. He is also a Director of both the Special Assets Services Group (SAS) and Note Advisory Services (NAS) and has represented numerous institutional lender, private equity firms, debt funds and special servicers in advisory and disposition of lender real estate owned (REO), performing and non-performing notes.
Mr. Lechtman has more than 25 years of commercial real estate finance and sales experience and has closed more than $2.0 billion in transactions as a principal and a broker, he specializes in the origination and placement of entire “capital stacks” including senior debt, mezzanine, preferred equity and joint-venture equity financing for clients across the country. Prior to joining IPA/MMCC as a commercial real estate capital advisor, in 2015-2016 he served as the Eastern Regional Director of MMCC, focused on expanding MMCC’s loan origination presence and capabilities in the Eastern half of the U.S. In 2013 Rick joined Marcus & Millichap Inc. (MMI) as the Eastern Director, National Office and Industrial Properties Group (NOIPG) and oversaw the growth and development of MMI’s expanding office and industrial investment sales team for the Eastern US as well as oversaw MMI’s Note Advisory Services team.
Prior to joining the Marcus & Millichap, Rick served for 10 years as Managing Director for the Ackman-Ziff Real Estate Group in New York City. His responsibilities included sourcing, underwriting, structuring and originating commercial real estate debt and equity. Rick has also held a similar position with CBRE, and was a loan originator during CMBS 1.0 at J.P. Morgan and Nomura Securities Co.
Mr. Lechtman holds a Bachelor of Arts in Political Economy from Tulane University and received his Advanced Professional Certificate in Real Estate from New York University (NYU) Schack Institute of Real Estate.
- SIA Induction: 2014