SAN FRANCISCO—NorthMarq Capital'sSan Francisco based regional officehas arranged an additional advance to $61 million total funding onthe Merchants ExchangeBuilding, a 241,961square-foot multi-tenant office building at 465 CaliforniaStreet.
The $13.5 million add on willmature in 11-years along with the existing debt. NorthMarq arrangedthe advance with the existing lender, Allstate Life InsuranceCompany, whomNorthMarq represents in the Bay Area. JeffreyWeidell, president,and AndrewSlaton, vice presidentof the San Francisco office handled the loan.
Built in 1903, the Merchants Exchange Building was one of thefew trophy buildings to survive the 1906Earthquake. Inaddition to office tenants, the building houses San Francisco'spremier event facility—The Julia MorganBallroom,located on the 15th floor.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
