LOS ANGELES – (BUSINESS WIRE) – November 5, 2021–
Westlake Capital Finance (WCF), a subsidiary of Westlake Technology Holdings, announces new commercial real estate loan rates as low as 3.99% for all qualified auto dealers.
“We are delighted to announce this exciting new offering,” said Lauren Barnard, Director of Commercial Real Estate Lending at Westlake Capital Finance. “Our program continues to evolve in response to changing market and industry conditions, and we remain committed to providing our dealers with affordable, creative and customizable solutions designed to deliver tangible results and growth for their respective businesses. “
These new rates will give existing Westlake dealers the opportunity to grow successfully much faster with a lower cost of capital. With rates as low as 3.99%, it’s now much more affordable for car dealers to buy, build, refinance and grow their business. Dealers can also leverage their real estate equity to invest in a new location or to tackle large renovation and maintenance projects that could have been put on the back burner.
“Westlake is always on the lookout for new and innovative ways to support our partner dealers. Said Todd Laruffa, vice president of Westlake Capital Finance. “This is a great opportunity to make Westlake a strategic partner in the business of our dealers. Not only can we offer commercial real estate financing, but our partners also have access to the full range of Westlake products and services. Finally, with our new low interest rate levels, our hope is to make it easier for our partner dealers to have access to a low cost of capital and the industry expertise needed to facilitate their business growth! “
WCF launched its commercial real estate loan program in late 2019 and currently offers rates as low as 3.99% to qualified Westlake dealers in the state of California. WCF intends to expand this new program to other states over the next year. Dealers interested in learning more about Westlake Capital Finance are encouraged to call 888.682.0166 or visit www.westlakefinancial.com/other-finance-solutions/wcf-commercial-real-estate.
About Westlake Technology Holdings
About Westlake Technology Holdings: Westlake Technology Holdings is an automotive and financial technology company headquartered in Los Angeles, California with approximately $ 15 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. www.WestlakeFinancial.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20211105005779/en/
CONTACT: David Goff, Vice-President, Marketing
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: FINANCE BANKING PROFESSIONAL AUTOMOTIVE SERVICES GENERALE AUTOMOBILE
SOURCE: Westlake Capital Finance
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PUB: 05/11/2021 14:12 / DISC: 05/11/2021 14:12