TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
Intro content. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Curabitur iaculis sapien sagittis, accumsan magna ut, blandit massa. Quisque vehicula leo lorem, a tincidunt eros tempor nec. In quis lacus vitae risus egestas tincidunt. Phasellus nulla risus, sodales in purus non, euismod ultricies elit. Vestibulum mattis dolor non sem euismod interdum.
-
Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
-
The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
-
SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
-
SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
-
It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
-
It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
-
It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
-
Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
-
Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
-
How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
-
Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
-
A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
-
Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
-
Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
-
Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
-
The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
-
Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
-
Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
-
“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
-
Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
.jpg?sfvrsn=f1093d2a_0 "#3 -_ 1 (1)")
December 8, 2025
Source: Businesswire
Latest capital raise enhances flexibility and liquidity for dominant neighborhood retail owner
LOS ANGELES--(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.”
Proceeds from the term loan upsize will be used to repay higher-cost debt and address near-term maturities. The expanded revolving credit facility will provide additional low-cost liquidity, allowing the firm to capitalize on opportunities as they arise.
In addition to this upsize, Westwood has completed the refinancing of The Boardwalk at Andersen Springs in Chandler, Arizona and The Shops at Walnut Creek in Westminster, Colorado, in a deal amounting to $50.8 million, putting the firm’s total capital raised in 2025 at nearly $200 million.
Westwood Financial celebrated its 55th anniversary earlier this year. The firm owns and manages more than 125 properties with a 96% occupancy across its portfolio and has a dominant presence in the Sunbelt region.
For more information about Westwood Financial, visit its website and follow along on LinkedIn and Instagram.
About Westwood Financial
Westwood Financial owns, manages, and operates over 125 high-quality shopping centers in top U.S. metropolitan markets, including Atlanta, Charlotte, Dallas, Denver, Los Angeles, Orlando, Phoenix, and Raleigh. Top-tier grocers and leading service and experiential-based operators primarily anchor the centers. Established in 1970 by Howard Banchik and Steven Fogel, Westwood Financial is headquartered in Los Angeles, with regional offices in Atlanta, Dallas, and Phoenix.
Contacts
Volker Schramm
Director of Marketing
marketing@westfin.com