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Direct Investment  + CLOs  |  July 8, 2024
Bain Capital Takes Controlling Interest in Residential Property Lender
Joe Palmisano
By: Joe Palmisano

Bain Capital Takes Controlling Interest in Residential Property Lender

Alternative asset manager Bain Capital has taken a controlling stake in residential property lender Archwest Capital. While financial terms of the transaction were not disclosed, Archwest’s management, led by CEO Shawn Miller, will retain a minority stake in the company.

California-based Archwest specializes in non-owner-occupied residential real estate financing, including fix and flip, bridge, construction, rental, and multifamily loans. Since 2022, the company has originated more than $700 million in business purpose assets across nearly 1,200 units.

“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,” said Miller. “Bain Capital shares our vision for building Archwest into the leader for US 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.”

Irell & Manella acted as Archwest’s legal advisor. Piper Sandler Companies acted as financial advisor and Dechert acted as legal advisor to Bain Capital.

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Bain CapitalArchwest Capital

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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