Archwest Capital, Leading National Residential Lender, Secures Strategic Growth Investment from Bain Capital
July 08 2024 - 8:00AM
Business Wire
Archwest Capital (“Archwest” or the “Company”), a lender
specializing in non-owner-occupied residential real estate loan
solutions, today announced it has secured a significant growth
investment from Bain Capital. Bain Capital and its affiliates will
acquire a controlling stake in the Company, with management, led by
Chief Executive Officer Shawn Miller, retaining a significant
minority stake. Financial terms of the private investment were not
disclosed.
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With national reach and deep experience partnering with the
leading housing developers and financial institutions, Archwest
provides business purpose financing secured by residential,
multifamily, mixed-use and commercial properties. The Company’s
comprehensive suite of diversified lending products, which include
fix and flip, bridge, construction, rental, and multifamily loans,
covers the full spectrum of property needs and enables borrowers to
quickly take advantage of opportunities on both single-family
residential and multifamily projects. Since 2022, Archwest has
originated over $700 million in business purpose assets across
nearly 1,200 units nationwide.
Archwest’s founders have over 20 years of experience partnering
with leading housing developers and financial institutions across
several successful real estate lending businesses. The Company’s
leadership team has over 70 years of combined experience and has
managed more than $8 billion of assets and originated approximately
$3 billion of business purpose loans across more than 5,000
assets.
“Today more than ever, real estate investors and developers need
reliable lending partners who are agile and can provide certainty
of execution to solve their complex financing needs,” said Mr.
Miller. “Bain Capital shares our vision for building Archwest into
the leader for U.S. business purpose lending, and we look forward
to leveraging their resources and operational capabilities to
further enhance our innovative product suite and strengthen our
value-added proposition to our borrowers and broker partners.”
"We are pleased to partner with Shawn and the Archwest team to
deliver dynamic financing solutions to home builders, renovators
and landlords who are expanding and improving the critically
undersupplied U.S. housing stock,” said David DesPrez, a Managing
Director at Bain Capital. “We believe that combining the Archwest
team’s deep lending and operational capabilities with a bespoke
capital solution from Bain Capital sets Archwest up to be the
leader in the non-owner occupied residential lending space.”
Irell & Manella LLP acted as legal advisor to Archwest.
Piper Sandler Companies acted as financial advisor and Dechert LLP
acted as legal advisor to Bain Capital.
About Archwest Capital
Archwest Capital is a direct lender focused on providing
business purpose financing secured by residential, multifamily,
mixed-use and commercial properties. Building on their experience
as bankers, lawyers and entrepreneurs, the founders of Archwest
have created and operated multiple firms in the past two decades
that have managed more than $8 billion of assets and originated
more than $3 billion of business purpose loans including
single-family residential, multifamily and construction (more than
5,000 assets). With their collective 70+ years of experience,
Archwest specializes in helping investors who are meeting the need
for housing across the nation. Archwest provides direct capital
solutions throughout the development process, from ground-up to
light/heavy rehab to stabilization, in addition to offering
flexible permanent financing alternatives to agency commercial
products. For more information, please visit
www.archwestcapital.com.
About Bain Capital
Bain Capital, LP is one of the world’s leading private
multi-asset alternative investment firms that creates lasting
impact for our investors, teams, businesses, and the communities in
which we live. Since our founding in 1984, we’ve applied our
insight and experience to organically expand into numerous asset
classes including private equity, credit, public equity, venture
capital, real estate, life sciences, insurance and other strategic
areas of focus. The firm has offices on four continents, more than
1,750 employees and approximately $185 billion in assets under
management. To learn more, visit www.baincapital.com.
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