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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 for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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