Archwest Capital (Archwest Capital) has completed a strategic minority investment by Aspida Holdings (Aspida), an indirect subsidiary of Ares Management Corporation (Ares).
As part of the transaction, Aspida will enter into a flow agreement, through which Archwest Capital will provide Aspida with multifamily and mixed-use first mortgage assets to help support Aspida’s growth initiatives. The Ares team plans to provide its experience in connection with the acquisition of these first lien mortgages originated by Archwest Capital and overseeing the ongoing surveillance and monitoring of these investments.
Archwest Capital’s chief executive officer, Shawn R Miller, says: “The perennial housing supply shortage continues to fuel the need for flexible financing of multifamily and mixed-use properties. Our partnership with Aspida provides Archwest with great balance sheet strength, coupled with credit expertise in providing the necessary capital for this cycle.”
Raj Krishnan, partner and chief investment officer of Ares Insurance Solutions, adds: “This transaction reflects Ares Insurance Solutions’ commitment to leveraging the capabilities across the Ares platform to source and deliver capital-efficient solutions to support Aspida’s growth.”