Westwood Financial, a Los Angeles–based retail real estate investment firm, has closed on a $145 million expansion of its corporate credit facility, increasing total capacity to $470 million.
The upsizing builds on the $70 million term loan expansion completed in 2024. The latest enhancement adds an additional $70 million in term loans and $75 million to the revolving credit facility. Both components now carry maturities extending into 2029, with a one-year extension option.
The financing was arranged by a banking consortium led by KeyBank, Capital One, and Truist Bank as Joint Lead Arrangers, with KeyBank serving as Administrative Agent. Mizuho Bank, City National Bank, Synovus Bank, First Financial Bank, and S&T Bank also participated in the transaction.
“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, CFO of Westwood Financial.
Proceeds from the term loan upsize will support repayment of higher-cost debt and address near-term maturities, while the expanded revolving facility offers additional low-cost liquidity to capitalize on acquisition and refinancing opportunities.
Separately, Westwood completed the $50.8 million refinancing of The Boardwalk at Andersen Springs in Chandler, AZ, and The Shops at Walnut Creek in Westminster, CO — bringing its total capital raised in 2025 to nearly $200 million.
Westwood Financial owns and operates over 125 grocery-anchored and service-oriented retail properties with 96% portfolio occupancy, maintaining a strong footprint in high-growth Sunbelt markets.
The post Westwood Financial Upsizes Corporate Credit Facility to $470M appeared first on Connect Money.
