July 15, 2024
Bain Capital invests in fix-and-flip lender Archwest

“Immediately greater than ever, actual property traders and builders want dependable lending companions who’re agile and may present certainty of execution to resolve their complicated financing wants,” Miller stated within the release. “Bain Capital shares our imaginative and prescient for constructing Archwest into the chief for US enterprise function lending, and we stay up for leveraging their sources and operational capabilities to additional improve our modern product suite and strengthen our value-added proposition to our debtors and dealer companions.”

The acquisition is a part of Bain Capital’s broader technique to diversify its funding portfolio and capitalize on alternatives within the housing market. The agency, which manages roughly $185 billion in belongings, has expanded into varied sectors, together with personal fairness, credit score, public fairness, enterprise capital, actual property, life sciences, and insurance coverage.

“We’re happy to companion with Shawn and the Archwest workforce to ship dynamic financing options to dwelling builders, renovators and landlords who’re increasing and bettering the critically undersupplied US housing inventory,” stated David DesPrez, a Managing Director at Bain Capital. “We imagine that combining the Archwest workforce’s deep lending and operational capabilities with a bespoke capital resolution from Bain Capital units Archwest as much as be the chief within the non-owner occupied residential lending house.”

Authorized advisor Irell & Manella LLP represented Archwest within the transaction, whereas Piper Sandler Corporations acted as monetary advisor and Dechert LLP served as authorized advisor to Bain Capital.

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