Latest capital raise enhances flexibility and liquidity for dominant neighborhood retail owner
LOS ANGELES, December 08, 2025–(BUSINESS WIRE)–Westwood Financial, a 55-year-old leading retail real estate investment firm based in Los Angeles, today announced it has closed on the recast and $145 million upsize to its corporate credit facility, increasing the total facility to $470 million.
Building on the 2024 $70 million term loan upsize, the facility has now been further expanded to include an additional $70 million in term loans and a $75 million increase to the revolving credit facility. The expanded facility includes meaningful spread compression, reflecting Westwood Financials’ improved credit profile, and provides additional capacity and flexibility to support the company’s continued growth. Both the term loans and the revolving facility mature in 2029, with a one-year extension option.
The financing is provided by a consortium of banks, led by KeyBank, Capital One, and Truist Bank as Joint Lead Arrangers, with KeyBank serving as Administrative Agent. Other participating lenders include Mizuho Bank, City National Bank, Synovus Bank, First Financial Bank, and S&T Bank.
KeyBanc Capital Markets will continue serving as Westwood Financial’s lead arranger. “We are pleased to continue leading Westwood Financial’s banking facility and to support the firm’s ongoing growth initiatives,” said Andy McKown, Managing Director of KeyBanc Capital Markets Real Estate Syndications. “The recast and upsize of the facility meaningfully enhance Westwood’s financial agility, providing the expanded capacity and strategic flexibility necessary to advance their disciplined investment strategy.”
“Capital One appreciates the opportunity to continue our support of Westwood Financial as it continues to cultivate a best-in-class, grocery-anchored portfolio,” said Michael Sleece, Senior Managing Director of REIT investment banking at Capital One.
Truist Bank joins Westwood Financial as a new banking partner. “Truist is pleased to support the capital expansion of Westwood Financial,” said Francine Glandt, Managing Director, Real Estate Corporate Banking at Truist. “This financing reflects our commitment to delivering flexible capital solutions for high-quality portfolios. We look forward to supporting Westwood Financial’s continued growth.”
The recast and expansion of the credit facility meaningfully enhance Westwood Financial’s financial flexibility and position the firm to pursue strategic growth while maintaining a disciplined approach to risk across market environments,” said Juyuan Wei, Chief Financial Officer at Westwood Financial. “The improved terms increase our capacity to execute our long-term investment strategy and advance key portfolio initiatives.”
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