
"As we continue expanding our lending footprint nationwide, securitizations like these enhance our ability to deliver certainty and scale for real estate investors, said Shawn Miller, Archwest's CEO and founder. Our borrowers depend on speed, reliability, and consistency of execution. This transaction reinforces our commitment to providing exactly that across market cycles. The securitization issued notes in four classes (A1, A2, M1, M2) that were rated by Morningstar DBRS."
"The collateral pool included 318 loans with an unpaid principal balance of about $274 million and $41 million in cash. The structure has a two-year revolving period, allowing principal payoffs to be reinvested in new loans. Credit protections include subordination, overcollateralization and excess spread. Goldman Sachs and Barclays were joint bookrunners. Resolute provided due diligence and FCI Lender Services Inc. is the servicer."
"Archwest, which surpassed $1 billion in cumulative originations earlier this year, said it expects to top $2 billion by the end of 2025. The firm has originated more than $1.5 billion across 44 states since its inception, with global asset manager Bain Capital taking a majority stake in the company in 2024. Closing our inaugural rated securitization amid a year of record growth marks a pivotal milestone for Archwest, said Kieran Brady, the company's chief financial officer."
Archwest completed a rated securitization issuing four classes of notes (A1, A2, M1, M2) rated by Morningstar DBRS. The collateral pool included 318 loans with about $274 million unpaid principal and $41 million in cash. The structure features a two-year revolving period permitting principal payoffs to be reinvested. Credit enhancements include subordination, overcollateralization, and excess spread. Goldman Sachs and Barclays served as joint bookrunners; Resolute provided due diligence while FCI Lender Services Inc. is the servicer. Archwest has originated more than $1.5 billion across 44 states, surpassed $1 billion earlier, and targets $2 billion by end of 2025.
Read at www.housingwire.com
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