Arrages increased financing for historic downtown San Francisco office building

Merchants Exchange Office Building
Merchants Exchange building_web cropt
SAN FRANCISCO (May 30, 2014) – Jeffrey Weidell, president, and Andrew Slaton, vice president of NorthMarq Capital’s San Francisco based regional office arranged an additional advance to $61 million total funding on the Merchants Exchange Building, a 241,961 sq.ft. multi-tenant office building located at 465 California Street in San Francisco, California. 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. Built in 1903, the Merchants Exchange Building was one of the few trophy buildings to survive the 1906 Earthquake. In addition to office tenants, the building houses San Francisco’s premier event facility—The Julia Morgan Ballroom, located on the 15th floor. “For this unique and historically significant asset we were able to work with one of our correspondent life company lenders to negotiate additional funding on top of the existing loan,” explained Weidell. “The sponsor, Clint Reilly Companies, is a skilled operator who has invested greatly in maintaining and modernizing the building and it shows. Moreover, this trophy office building, located in the heart of the San Francisco Financial District, has performed well with rising demand for office space.”

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit

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