Westlake Capital Finance Now Offers Commercial Property Lending Rates As Low As 3.99% | Companies

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“We are very excited to announce this exciting new offering,” said Lauren Barnard, director of commercial real estate lending at Westlake Capital Finance. “Our program evolves in response to fluctuating market and industry conditions, and we continue to strive to provide our traders with affordable, creative and customizable solutions that deliver tangible results and growth for their respective businesses.” Westlake Capital Finance (WCF), a subsidiary of Westlake Technology Holdings, announces new commercial real estate lending rates of only 3.99% for all qualified auto dealers.

“Westlake is always looking for new and innovative ways to support our merchant partners,” said Todd Larufa, Vice President of Westlake Capital Finance. “This is an excellent opportunity to make Westlake a strategic partner in our dealers’ business. Not only can we offer commercial real estate finance, but our partners also have access to all of Westlake’s products and services. After all, with our new low tariffs we would like to make it easier for our retail partners to gain access to low capital costs and the industry know-how they need to grow their business! “

These new tariffs will enable existing Westlake dealers to grow successfully much faster by benefiting from a lower cost of capital. With rates as low as 3.99%, it’s now much cheaper for car dealers to buy, build, refinance, and expand their business. Traders can also use their real estate capital to invest in a new location or tackle large renovation and maintenance projects that may have fallen by the wayside.

WCF launched its commercial mortgage lending program in late 2019 and is currently offering interest rates as low as 3.99% to qualified Westlake merchants in the state of California. WCF plans to expand this new program to additional states within the next year. Traders interested in learning more about Westlake Capital Finance can 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 assets of approximately $ 15 billion. Westlake Financial (“Westlake”) provides indirect installment contracts to the automotive retail industry through a nationwide network of new and used vehicle and powersport dealers. Westlake also offers the purchase of loan portfolios, credit facilities and portfolio services through its ALPS (Advanced Lending & Portfolio Services) division, www.WestlakeALPS.com; Floor plan credit lines are provided through the Westlake Flooring Services division, www.WestlakeFlooringServices.com; Split cash flow auto loans through Westlake’s wholly owned subsidiary, Western Funding Inc., a Nevada-based auto lender; indirect car leasing for credit unions through Westlake subsidiary Credit Union Leasing of America (CULA); Dealer contacts and consumer auto loans are offered through Westlake Direct; Consumer home loans are offered through Westlake’s wholly owned subsidiary, Loan Center, www.loancenter.com; and commercial real estate loans are offered through Westlake Capital Finance. www.WestlakeFinancial.com

View source version on businesswire.com: https: //www.businesswire.com/news/home/20211105005779/en/

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CONTACT: David Goff, VP, Marketing

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEY: FINANCE BANKING PROFESSIONAL SERVICES GENERAL AUTOMOTIVE AUTOMOTIVE

SOURCE: Westlake Capital Finance

Copyright Business Wire 2021.

PUB: 11/5/2021 2:12 PM / DISC: 11/5/2021 2:12 PM

http://www.businesswire.com/news/home/20211105005779/en

Copyright Business Wire 2021.

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