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REDLANDS, CALIF. — Ory Schwartz in the Los Angeles office of NorthMarq Capital has arranged $45 million in first mortgage financing for Palm Grove Center located in Redlands. The retail property currently measures 245,052 square feet in size, and upon completion of the last phase, the project will total 251,052 square feet. Financing was based on a 3-year interest-only term, with two 1-year extensions. The loan was arranged for the borrowers, Orange County, Calif.-based private investors, through NorthMarq’s relationship with a undisclosed regional bank. Tenants at the center include JC Penney and Babies/Toys “R” Us.