Bain Capital invests in fix-and-flip lender Archwest

Bain Capital invests in fix-and-flip lender Archwest

“At the moment greater than ever, actual property buyers and builders want dependable lending companions who’re agile and might present certainty of execution to unravel their advanced financing wants,” Miller mentioned within the release. “Bain Capital shares our imaginative and prescient for constructing Archwest into the chief for US enterprise objective lending, and we stay up for leveraging their assets and operational capabilities to additional improve our revolutionary 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 property, has expanded into varied sectors, together with non-public fairness, credit score, public fairness, enterprise capital, actual property, life sciences, and insurance coverage.

“We’re happy to accomplice with Shawn and the Archwest staff to ship dynamic financing options to residence builders, renovators and landlords who’re increasing and bettering the critically undersupplied US housing inventory,” mentioned David DesPrez, a Managing Director at Bain Capital. “We consider that combining the Archwest staff’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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