Archwest Capital, a lender specializing in non-owner-occupied residential real estate loan solutions, recently announced it has secured an investment from Bain Capital. Bain Capital and its affiliates will acquire a controlling stake in the company, with management led by Archwest Capital CEO Shawn Miller retaining a significant minority stake. Financial terms of the private investment were not disclosed.
“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,” Miller said in a press release. “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 homebuilders, renovators and landlords who are expanding and improving the critically undersupplied U.S. housing stock,” David DesPrez, a managing director at Bain Capital, said. “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.”
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. Its comprehensive suite of diversified lending products includes fix and flip, bridge, construction, rental, and multifamily loans for 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 and its 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, the release stated.
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.