SAN FRANCISCO—NorthMarq Capital’s San Francisco based regional office has arranged an additional advance to $61 million total funding on the Merchants Exchange Building, a 241,961 square-foot multi-tenant office building at 465 California Street.

The $13.5 million add on will mature in 11-years along with the existing debt. NorthMarq arranged the advance with the existing lender, Allstate Life Insurance Company, whom NorthMarq represents in the Bay Area. Jeffrey Weidell, president, and Andrew Slaton, vice president of the San Francisco office handled the loan.

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