NEWPORT BEACH, CALIFORNIA (January 29, 2020) – The Newport Beach office of NorthMarq announces the promotion of David Blum and Joe Giordani to the role of managing director. Both producers represent the culmination of NorthMarq’s commitment to training and long-term investment in developing its leadership talent.
“With my long-time co-managing director Ory Schwartz opening a Los Angeles office, a great opportunity has been created for David and Joe to accept expanded leadership roles and to increase awareness of our brand in the market,” said Michael Elmore, managing director of the Newport Beach office.
Blum’s promotion to managing director comes after 18 years with NorthMarq, during which he moved from analyst, to vice president, to senior vice president/managing director, while closing more than $2 billion in debt and structured finance transactions nationwide. He will continue to focus on delivering financing solutions to clients, while taking on more leadership responsibilities of the Newport Beach office.
“David is a long-term employee who started with us in 2002 and has consistently generated strong loan volumes, helped in recruiting new employees in both the analyst and new producer roles, and has been active in networking events promoting us outside of the company,” said Elmore.
Prior to joining NorthMarq, he worked as an environmental engineer/consultant for real estate transactions. Blum is a licensed Real Estate Professional in the state of California. Blum has served multiple terms on the NorthMarq Producer Council and is on the Board of Building Block Foundation Fund, an organization that serves under-privileged kids in the greater Orange County area.
He holds two B.S. degrees from UC Santa Barbara and an MBA from USC in Finance and Operations.
Giordani will join David and Mike to manage NorthMarq’s Newport Beach office. Along with his additional new leadership duties, he will continue to help clients fulfill their commercial and multifamily capital needs by offering debt and equity solutions through NorthMarq’s preferred life insurance correspondents, Fannie Mae, Freddie Mac, HUD, Wall Street conduits, pension funds, debt funds, banks, credit unions and other prominent capital sources.
“Joe has been with us since 2014, and his production volume has been consistently increasing each year. He has been instrumental in recruiting and training our new producers. He participates in various industry organizations and recently joined the young leaders group for the Mortgage Bankers Association, which indicates his industry leadership,” said Elmore.
Giordani joined the Los Angeles office of NorthMarq in 2014 and was selected as the “Rookie of the Year” for NorthMarq in 2015. He was promoted to senior vice president in 2018 and selected to a three-year term as a member of the company’s Producer’s Council in 2019.
Giordani is a graduate of the NAIOP Young Professionals Group and an active member of NAIOP Southern California. He is a licensed Real Estate Broker in the State of California and holds a Bachelor degree in Economics from the University of Colorado at Boulder with a minor in Business.