Dealerships wanting to expand their operations now can turn to Westlake Technology Holdings.
The finance company that originates installment contracts throughout the credit spectrum recently launched Westlake Capital Finance to provide commercial real estate loans to dealers.
The commercial real estate program from Westlake Capital Finance offers dealers the ability to purchase their current dealership (lease buyout), purchase additional or new locations or fund new construction of dealership facilities.
“Our goal is to service the needs of our dealerships on all levels,” group president Ian Anderson said in a news release. “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.”
Westlake Capital Finance is a direct lender that can provides commercial real estate loans on most asset classes to fund uses such as ground-up construction, renovation/value-add opportunities and turnkey purchases.
“This is an exciting new division for the company,” director of commercial real estate lending Lauren Barnard said. “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.”
Dealerships interested in learning more about the Westlake Capital Finance’s commercial real estate loan program can call (888) 682-0166.