Westlake Capital Finance - Westlake Financial
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Commercial Real Estate Financing

You want to build your business and we can help.

Westlake Capital Finance (WCF) offers commercial real estate loans to automotive dealers in all 50 states. We know the dealership business model better than any bank or private lender out there and can quickly get you the funds you need to grow.

Program Highlights:

$100,000 minimum loan

$100,000
minimum loan

WCF provides the financing you need to build the business of your dreams, starting at $100,000.

1 - 5 year terms

1 - 5 year terms

Loans may be fully amortized or can be put on a longer amortization with a balloon that can be renewed every 5-years until fully amortized.

Competitive Rates

Competitive Rates

Rates dependent on several factors, including credit and LTV.

Quick Funding

Quick Funding

Most pre-approvals are provided within 48 hours, with funding in 45 days.

Loan Types

Westlake Capital Finance offers a variety of commercial real estate loans which can be used for a variety of business needs:

  • Upgrade/Renovation Loan: Repave, remodel, construct buildouts and additions, perform roof repairs, and finally take care of some cosmetic upgrades.
  • Dealership Purchase (Current or New Location) Loan: get the financing you need to purchase your current or next property with at least 25% down on appraised value “as-is.” *Subject to credit approval and appraisal results.
  • Ground-up Construction Loan: Build the dealership you’ve always wanted from the ground up!
  • Debt Consolidation/Refinancing with Cash Out: Refinance your current commercial mortgage and recapitalize the property by cashing out a portion of your equity for business expenses or renovations. *subject to max 75% LTV

Basic Requirements

Whether you’re new to the business or have been in business for a lifetime, we have exactly what you need to take your dealership to the next level.

  • Dealership open and in business for three years
  • $100,000 minimum loan amount
  • 25% minimum borrower equity contribution
  • Must own or be actively looking to purchase a property

Flexible Loan Structuring Options Available

Our team will work with you to develop a loan structure that suits your needs so that you can focus on growing your business.

  • 1-5 year terms, with a balloon or fully amortized
  • 1-25 year amortization schedules available
  • Interest only, available on approved credit
  • Monthly payments with AutoPay available

Loan Approval Process

  1. Preapproval & Initial Offer: WCF collects certain personal and credit information from the applicant for initial review and structuring. A LOI will typically be provided within 48 hours if loan is preapproved.
  2. Underwriting & Final Approval: WCF collects all required financial and tax documentation, an appraisal is obtained, a site visit is completed, and verification of credit history is performed for final approval.
  3. Closing & Funding: Upon final approval, a closing date is set up with a title company and all loan and legal documents are executed. Once closed, the loan is immediately funded, and servicing begins with payments commencing the subsequent month.

About Us

Westlake Capital Finance is a part of the Westlake family of companies, nationally recognized as leaders in the auto financing industry. Here at Westlake, we believe in stepping up to service the needs of our dealerships on all levels. WCF is the latest iteration of this commitment, providing commercial real estate loans to dealers looking to grow their business.

WCF’s Commercial Real Estate program offers auto dealers the ability to purchase their current dealership (lease buyout), purchase additional or new locations, or fund new construction of dealership facilities. WCF, a subsidiary of Westlake Technology Holdings, is a direct lender which provides commercial real estate loans on most asset classes to fund uses such as ground-up construction, renovation/value-add opportunities, and turnkey purchases.

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Questions?

Give us a call!

1.888.682.0166

Or send us an email!

[email protected]