Archwest Capital, a California-based direct lender specializing in home lending solutions, has added bridge financing for single-family residential investments to its diverse portfolio of lending products. Building on the management team’s experience partnering with the nation’s leading real estate developers and financial institutions over the past 20 years, the founders launched Archwest Capital last year to help real estate investors meet the housing needs across the country. While initially focusing on multi-family and mixed-use properties, Archwest’s latest product now offers single-family residential bridge loans for experienced investors focused on repair and turnaround programs as well as construction projects from from zero.
As the US housing shortage reaches nearly 5 million units, the real estate sector faces rapidly aging inventory and stagnant development. The median age of homes is now around 40 years old, and more than a third of these occupied units require repairs. In addition, new construction of single-family homes is currently at its slowest pace in almost 30 years. This growing demand for housing is coupled with a remote pandemic-era workforce that has made space and privacy paramount to potential buyers. Given this demand, creating and maintaining new housing inventory while rehabilitating current inventory has become critical to the recovery of the housing market.
With rising construction costs and labor shortages, investors rely heavily on financing partners that offer competitive terms, experience and certainty of execution. Archwest Capital’s lending strategy is designed to fill these gaps, with commercial financing at lower rates, higher LTVs, and a fast financing process that allows experienced investors to acquire, rehabilitate, and develop. single-family homes.
“Flexibility and agility are keys to success in real estate today as the industry faces a steep rise to catch up with the needs of the housing market,” said Shawn Miller, CEO of Archwest. Capital. “More than ever, investors need an experienced partner to provide creative and structured underwriting in an ever-changing market with confidence that the transaction will be executed seamlessly. Our team is proud to return with commercial financing focused on fixed and reversible loans and home construction financing to support single family residential investors.
Archwest’s management team has a history of selling and repositioning three financial companies over the past 20 years with the founders of some of the nation’s largest lending and asset management firms, most recently under the mark 5 Arch Funding Corp. The Archwest team has managed over $8 billion in assets and originated over $3 billion in commercial loans.
The addition of single-family residential bridge loans marks an increased breadth and depth of Archwest’s offerings. Archwest also provides interim and permanent financing for multi-family, mixed-use and commercial properties.
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