“Today, more than ever, real estate investors and developers need a trusted lending partner that can provide agility and execution certainty to solve their complex financing needs,” Miller said in the release. “Bain Capital shares our vision to build ArchWest into a leader in business purpose lending in the U.S., and we look forward to leveraging their resources and operational capabilities to further strengthen our innovative product suite and enhance our value-add proposition to our borrower and broker-partners.”
The acquisition is part of Bain Capital's broader strategy to diversify its investment portfolio and capitalize on opportunities in the housing market. With approximately $185 billion in assets under management, the firm has expanded across a range of sectors, including private equity, credit, public equity, venture capital, real estate, life sciences and insurance.
“We are excited to partner with Sean and the ArchWest team to provide dynamic financing solutions to homebuilders, remodelers and homeowners working to expand and improve America's severely undersupplied housing stock,” said David DesPrez, managing director at Bain Capital. “We believe that combining the ArchWest team's superior lending and operational capabilities with Bain Capital's custom-tailored capital solutions will position ArchWest to become a leader in the non-owner-occupied residential financing space.”
Irell & Manella LLP acted as legal advisor to Archwest on the transaction, Piper Sandler Companies acted as financial advisor, and Dechert LLP acted as legal advisor to Bain Capital.
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