NorthMarq

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NorthMarq relocates Nevada office to Las Vegas

MINNEAPOLIS (July 5, 2012) —NorthMarq Capital, one of America’s largest commercial real estate investment banking companies, is relocating its Reno office to Las Vegas. The office will be located at 3960 Howard Hughes Parkway, Suite 500, and continue to be managed by Thomas J. Powell.

“Las Vegas is a great fit for our business, especially given the increase in demand for multi-family loans. Since multifamily financing is a significant part of our platform, we want to be more available to clients in Las Vegas,” said Jeff Weidell, president-NorthMarq Capital. Weidell oversees the western half of the United States from his office in San Francisco. “Our Nevada office enhances our strong presence in the western US and we are seeing significant activity in the Las Vegas area.”

Before Powell joined NorthMarq in January 2012, he was chief executive officer of ELP Capital, a private money management firm and Registered Investment Advisor since 1999. His background includes experience in banking, equity and debt and portfolio management. He holds a BS in Finance and an MBA in Real Estate and is a member of Harvard University’s Advanced Management Development Program in Real Estate.

He is a public speaker in the subject of economics and global trade and is the author of a weekly economic newsletter, “The Powell Perspective” and of “Standing in the Rain,” a business guide to understanding, surviving and thriving in the current financial environment. He has also served as a national trustee for the Boys and Girls Clubs of America.

Marcy Olson joins Powell in the Las Vegas office as a producer. Marcy was previously with Resolute Capital Partners where she managed a $50 million distressed asset portfolio, and with ELP Capital, where she originated and completed underwriting on real estate investments. She has more than 20 years of experience in financing, portfolio management and risk management in commercial and residential real estate. She has an MBA from the University of San Diego and is a licensed broker in California and Nevada, and also holds her Series 65 Securities - Investment Advisor Representative.

About NorthMarq
NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S, provides mortgage banking and commercial loan servicing in 33 offices across the U.S. With an average of $9 billion in annual production volume and servicing a loan portfolio in excess of nearly $40 billion, the company offers expertise to borrowers of all size. The company has a long track record of multi-family financing as a Freddie Mac Program Plus™ Seller-Servicer, and through its affiliation with Fannie Mae DUS lender AmeriSphere Multifamily Finance. In addition, NorthMarq has long relationships with over 50 life companies, many CMBS platforms and hundreds of local, regional and national banks. For more information, please visit www.northmarq.com
 

Contact:
Martha Nevanen
952.893.7539
martha.nevanen@marquettere.com

David Dozier
The Dozier Company
214.744.2800