LOS ANGELES–(COMMERCIAL THREAD) – Westlake Technology Holdings launches Westlake Capital Finance to provide commercial real estate loans to auto dealers.
“Our goal is to meet the needs of our dealers at all levels,” said 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 dealer financing needs. .
Westlake Capital Finance’s commercial real estate program offers auto dealers the ability to purchase their current dealership (lease buyout), purchase additional or new locations, or finance new construction of dealership facilities. .
Lauren Barnard, Director of Commercial Real Estate Lending, said, “This is an exciting new division for the company; We look forward to providing much-needed financing solutions to auto dealerships 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 that provides commercial real estate loans on most asset classes to finance uses such as background construction, renovation / value-added opportunities, and purchases. keys in hand. Dealers interested in learning more about Westlake Capital Finance’s commercial real estate loan program are encouraged to contact Westlake Capital at (888) 682-0166.
About Westlake Technology Holdings
Westlake Technology Holdings is an automotive and financial technology company headquartered in Los Angeles, California with approximately $ 8.33 billion in assets under management. Westlake Financial (“Westlake”) is the originator of indirect retail automobile payment contracts through a nationwide network of new and used automobile and powersports dealers. Westlake also offers loan portfolio purchases, credit facilities and portfolio services through its ALPS (Advanced Lending & Portfolio Services) division, www.WestlakeALPS.com; floor plan lines of credit are provided through its Westlake Flooring Services division, www.WestlakeFlooringServices.com; the shared cash flow auto loan through Westlake’s wholly owned subsidiary, Western Funding Inc., a Nevada-based auto lender; indirect auto leasing for credit unions through Westlake’s subsidiary, Credit Union Leasing of America (CULA); Dealer leads and direct-to-consumer auto loans are offered by Westlake Direct; consumer securities loans are offered through Westlake’s wholly owned subsidiary, Loan Center, www.loancenter.com; and commercial real estate loans are offered by Westlake Capital Finance.