Newest capital elevate enhances flexibility and liquidity for dominant neighborhood retail proprietor
LOS ANGELES, December 08, 2025–(BUSINESS WIRE)–Westwood Monetary, a 55-year-old main retail actual property funding agency based mostly in Los Angeles, as we speak introduced it has closed on the recast and $145 million upsize to its company credit score facility, rising the overall facility to $470 million.
Constructing on the 2024 $70 million time period mortgage upsize, the power has now been additional expanded to incorporate a further $70 million in time period loans and a $75 million improve to the revolving credit score facility. The expanded facility consists of significant unfold compression, reflecting Westwood Financials’ improved credit score profile, and supplies extra capability and suppleness to assist the corporate’s continued progress. Each the time period loans and the revolving facility mature in 2029, with a one-year extension possibility.
The financing is supplied by a consortium of banks, led by KeyBank, Capital One, and Truist Financial institution as Joint Lead Arrangers, with KeyBank serving as Administrative Agent. Different collaborating lenders embody Mizuho Financial institution, Metropolis Nationwide Financial institution, Synovus Financial institution, First Monetary Financial institution, and S&T Financial institution.
KeyBanc Capital Markets will proceed serving as Westwood Monetary’s lead arranger. “We’re happy to proceed main Westwood Monetary’s banking facility and to assist the agency’s ongoing progress initiatives,” stated Andy McKown, Managing Director of KeyBanc Capital Markets Actual Property Syndications. “The recast and upsize of the power meaningfully improve Westwood’s monetary agility, offering the expanded capability and strategic flexibility essential to advance their disciplined funding technique.”
“Capital One appreciates the chance to proceed our assist of Westwood Monetary because it continues to domesticate a best-in-class, grocery-anchored portfolio,” stated Michael Sleece, Senior Managing Director of REIT funding banking at Capital One.
Truist Financial institution joins Westwood Monetary as a brand new banking accomplice. “Truist is happy to assist the capital enlargement of Westwood Monetary,” stated Francine Glandt, Managing Director, Actual Property Company Banking at Truist. “This financing displays our dedication to delivering versatile capital options for high-quality portfolios. We look ahead to supporting Westwood Monetary’s continued progress.”
The recast and enlargement of the credit score facility meaningfully improve Westwood Monetary’s monetary flexibility and place the agency to pursue strategic progress whereas sustaining a disciplined strategy to danger throughout market environments,” stated Juyuan Wei, Chief Monetary Officer at Westwood Monetary. “The improved phrases improve our capability to execute our long-term funding technique and advance key portfolio initiatives.”
Leave a Reply