LOS ANGELES–(BUSINESS WIRE)–Westlake Technology Holdings launches Westlake Capital Finance to provide Commercial Real Estate loans to automotive dealers.
“Our goal is to service the needs of our dealerships on all levels,” stated Ian Anderson, Group President. “Whether it’s financing their customers, inventory purchases, portfolio acquisitions or commercial real estate acquisitions, Westlake’s goal is to be the ‘one-stop shop’ for dealers’ financing needs.”
The Westlake Capital Finance Commercial Real Estate program offers auto dealers the ability to purchase their current dealership (lease buyout), purchase additional or new locations, or fund new construction of dealership facilities.
Lauren Barnard, Director of Commercial Real Estate Lending, shared, “This is an exciting new division for the company; we look forward to providing much-needed financing solutions to auto dealers nationwide, helping them get the leverage they need to grow their businesses more than ever.”
Westlake Capital Finance, a subsidiary of Westlake Technology Holdings, is a direct lender which provides commercial real estate loans on most asset classes to fund uses such as ground-up construction, renovation/value-add opportunities, and turnkey purchases. Dealerships interested in learning more about the Westlake Capital Finance Commercial Real Estate Loan program are invited to contact Westlake Capital at (888) 682-0166.
About Westlake Technology Holdings
Westlake Technology Holdings is an auto and finance technology company headquartered in Los Angeles, CA, with approximately $8.33 billion in assets under management. Westlake Financial (“Westlake”) originates indirect automotive retail installment contracts through a nationwide network of new and used automotive and powersports dealers. Westlake also offers loan portfolio purchasing, credit facilities and portfolio servicing through its ALPS division (Advanced Lending & Portfolio Services), www.WestlakeALPS.com; floor plan lines of credit are provided through its Westlake Flooring Services division, www.WestlakeFlooringServices.com; shared cash flow auto lending through Westlake’s wholly owned subsidiary, Western Funding Inc., a Nevada based auto lender; indirect automotive leasing for credit unions through Westlake’s subsidiary, Credit Union Leasing of America (CULA); dealer leads and direct-to-consumer auto loans are offered through Westlake Direct; consumer title loans are offered through Westlake’s wholly owned subsidiary Loan Center, www.loancenter.com; and commercial real estate lending is offered through Westlake Capital Finance.
David Goff, VP, Marketing