Westwood Financial raises $145 million in Capital through a significant extension of its corporate credit facility, increasing the total amount to $470 million. This move is a strategic one that increases the financial strength of the leading retail real estate company.
The new financing breaks down to $70 million for term loans and an additional $75 million on the revolver. Westwood Financial raises $145 million in Capital from banks such as KeyBank, Capital One, and Truist. This will lock in lower spreads as well as a 2029 maturity with an extension option.
In addition to the $70 million last year’s term loan expansion, Westwood Financial raised $145 million in capital to help swap expensive loans and deal with due dates. It is a source of low-cost liquidity for aggressive portfolio strategies in high-demand markets.
In the last year, Westwood has stacked nearly $200 million of capital, including smart refinancings of places such as The Boardwalk at Andersen Springs (AZ) and The Shops at Walnut Creek (CO). Westwood Financial, which raised $145 million in Capital, is the engine behind Sunbelt expansion.
Since the year 1970, Westwood has built a strong portfolio that includes 125+ grocery-anchored locations across Atlanta, Dallas, Phoenix, LA, and beyond. Westwood Financial raises $145 million. Capital strengthens its position by achieving high occupancy and a strict growth strategy.
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