NORTHMARQ ARRANGES $5M MORTGAGE FOR TATUM RANCH SHOPPING CENTER

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PHOENIX — NorthMarq Capital has arranged first mortgage financing of $5 million for the 31,001-square-foot Tatum Ranch Shopping Center in Cave Creek. Financing was arranged by NorthMarq through its correspondent relationship with Thrivent Financial. It was based on a 10-year term and 25-year amortization schedule. James DuMars, senior vice president and managing director of NorthMarq’s Phoenix regional office, and Michael Elmore, executive vice president and senior director of NorthMarq’s Los Angeles regional office, helped arrange the financing.

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