NORTHMARQ ARRANGES $4.9 MILLION RETAIL LOAN NEAR OLD LONDON BRIDGE

LAKE HAVASU CITY, ARIZ. —NorthMarq Capital has arranged $4.9 million in first-mortgage financing for the 93,940-square-foot Havasu North Shopping Center located in Lake Havasu City. Major tenants at the center are Big Lots, Staples and Ace Hardware. Secured for the borrower by NorthMarq’s James DuMars and Gregory Benjamin through the Minneapolis-based company’s correspondent relationship with Thrivent Financial, the loan was based on a 10-year term and a 25-year amortization schedule.