NORTHMARQ CAPITAL ARRANGES $22.5 MILLION LOAN FOR LAS VEGAS BLVD. MALL

LAS VEGAS — NorthMarq Capital has arranged first-mortgage financing of $22.5 million for the 42,281-square-foot Showcase Mall, a retail property located at 3791 S. Las Vegas Blvd. in Las Vegas. Based on a 10-year term with 8 years interest only and a 30-year amortization schedule, the loan was arranged for the borrower by NorthMarq’s David Blum through its relationship with a CMBS lender.