Archwest Capital, an Irvine-based lender specializing in non-owner-occupied residential real estate loans, announced on Monday that it has received a significant growth investment from Bain Capital. The private investment will result in Bain Capital and its affiliates acquiring a controlling stake in the company, while CEO Shawn Miller will retain a minority stake.
According to Miller, reliable lending partners who can provide certainty of execution are crucial for real estate investors and developers. He believes that with this partnership with Bain Capital, Archwest is well-positioned to become the leader in business purpose lending across the United States. The company plans to utilize their resources and operational capabilities to improve their product suite and add value for borrowers and broker partners.
With experience working with top housing developers and financial institutions nationwide, Archwest offers business purpose financing secured by various types of properties such as residential homes, multifamily buildings,and commercial spaces. Their diverse range of loan products includes fix-and-flip loans,bridge loans construction loans rental property financing,and multifamily mortgages.
The photo above shows Archwest’s offices at Newport Gatewayin Irvine (photo courtesy of Irvine Company). This recent development marks another milestone for both companies as they continue to grow within the industry.
