LOS ANGELES–(BUSINESS WIRE)–Westlake Capital Finance (WCF), a Westlake Technology Holdings subsidiary, announces new commercial real estate lending rates as low as 3.99% for all qualified auto dealers.
“We are thrilled to announce this exciting new offer,” said Lauren Barnard, Director of Commercial Real Estate Lending at Westlake Capital Finance. “Our program continues to evolve in response to fluctuating market and industry conditions, and we remain committed to providing our dealers with affordable, creative and customizable solutions designed to yield tangible results and growth for their respective businesses.”
These new rates will give existing Westlake dealers the opportunity to successfully grow much faster by benefiting from a lower cost of capital. With rates as low as 3.99%, it’s now much more affordable for auto dealers to buy, build, refinance, and expand 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 may have been on the backburner.
“Westlake is always looking for new and innovative ways to support our dealership partners.” stated Todd Laruffa, Vice President of Westlake Capital Finance. “This is an excellent opportunity to have Westlake become a strategic partner in our dealers’ business. Not only can we offer commercial real estate financing, but our partners also have access to the full suite of Westlake’s products and services. Lastly, with our new low-rate tiers, our hope is to make it easier for our dealer partners to have access to low cost of capital and the industry expertise needed to facilitate growth in their business!”
WCF launched its commercial real estate lending program in late 2019 and is currently offering rates as low as 3.99% to qualified Westlake dealers in the state of California. WCF intends to expand this new program to additional states within the next year. Dealers interested in learning more about Westlake Capital Finance are invited 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 auto and finance technology company headquartered in Los Angeles, CA with approximately $15 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. www.WestlakeFinancial.com
David Goff, VP, Marketing