Mike Elmore (Left) presented NorthMarq's 2020 Community Involvement Grant to Mercy House Development Director Jacob Mize (Right)
NorthMarq’s Newport Beach office selected Mercy House, which provides housing and comprehensive supportive services for a variety of homeless populations in the Southern California area, as its recipient of a 2020 Community Involvement Grant.
The non-profit Mercy House opened its latest homeless shelter in Huntington Beach, California in Nov. 2020. The 174-bed homeless shelter is the ninth homeless shelter operated by Mercy House, which also operates 16 permanent housing communities in the southern California area. In addition to physical space, Mercy House offers each client a Housing Navigator upon entry, who works with them to identify needs and barriers upon entering permanent housing. Their clients also receive meals, showers, access to life skills, and additional support all with the focus of permanent housing.
Mike Elmore, managing director – debt & equity of the Newport Beach office, recommended the organization due to his long-time commitment to the Huntington Beach area, where he has been a resident for nearly 50 years and has witnessed the increase and permanency of homelessness in the city.
“I’m proud to support this innovative organization that is working hard to tackle such a big problem in southern California. Their efforts to provide a unique system of dignified housing opportunities, programs, and supportive services are definitely making progress in ending homelessness,” said Elmore. His wife, Tina, plans to become a regular volunteer at the Huntington Beach location in 2021.
“Thank you to NorthMarq’s generous donation to Mercy House. We are grateful that you have chosen to join us in supporting the vulnerable men, women, and children who are homeless or at risk of homelessness. We appreciate the donation and will ensure that we are good stewards of this donation, always upholding the dignity of the clients we serve,” said Jacob Mize, Development Director – Mercy House.
In the third year of NorthMarq’s Community Involvement Grant program, the company has awarded grants to 18 non-profits in 16 cities. The program solicits nominations from each local office, and had an increase of 20 percent from 2019, with a total of 18 non-profits focused on affordable housing and reducing homelessness receiving these grants in 2020. NorthMarq’s 2020 grant to New Hope Housing represents its third award under the Community Involvement Grant program.
ABOUT NORTHMARQ
As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $14 billion, loan servicing portfolio of more than $64 billion and the multi-year tenure of our more than 600 people.
