Wells Fargo Bank and Square Mile Capital Management have provided a total of $385 million of senior and mezzanine debt against a portfolio of 103 industrial and office properties with 11.1 million square feet in California and the Midwest.

Wells provided $345 million of senior financing, while Square Mile funded a $40 million mezzanine loan. Both have five-year terms and funded the portfolio's $600 million purchase by a venture of Westcore Properties and DRA Advisors from the estate of Sacramento, Calif., developer Joe Benvenuti, who died in May at the age...