Archwest Capital, a lender specializing in non-owner-occupied residential real estate loan solutions, 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 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. “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,” 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.”
Irell & Manella acted as legal advisor to Archwest. Piper Sandler Companies acted as financial advisor and Dechert acted as legal advisor to Bain Capital.
