ArchWest Capital Review: 468 HMDA Loans ($567.9M) in 2025 and Three Rated RTL Securitizations

Which company this is

“ArchWest Capital” is a brand. The company’s website footer says it “utilizes Archwest Funding, LLC and Archwest Lending, LLC to conduct its lending operations,” and the two have different identifiers.

Names like this are easy to confuse with unrelated companies, so match on the identifiers above rather than the name. The license numbers above are the lender’s own statements. We could not open the DFPI or NMLS Consumer Access pages (both blocked automated requests), so we cannot say whether either license is active today. Ask for the number and check it yourself.

HMDA: 2024 against 2025, same filters

HMDA is the federal Home Mortgage Disclosure Act file. Business-purpose loans secured by 1-4 unit homes are in it only when the lender reports them, and Archwest Funding does. We downloaded the loan-level file from the CFPB/FFIEC Data Browser for the LEI above with action_taken=1 (originated), for 2024 and 2025, on November 10, 2026. Every loan in both files is a conventional, first-lien, closed-end, business-purpose loan on a non-owner-occupied property.

What changed is the mix, not only the size. In 2024, 76.7% of loans carried a 30-year term (591 of 771); in 2025 it was 35.0% (164 of 468; our arithmetic). HMDA has no product field, so we do not call these “DSCR loans,” but a 30-year term on an investor property fits a rental loan, and the lender’s homepage on November 10, 2026 lists only ground-up construction, fix-and-flip and bridge loans. Meanwhile loans with other terms went from 180 to 304 and from $184.4 million to $492.1 million. Loans by dollars rose 59.0% even though loans by count fell 39.3% (our arithmetic).

The short-term book, using the same filter as our hard money pages

Our national hard money lender ranking and California hard money lender page count “short-term investor loans”: originated, conventional, first lien, closed-end, not reverse, 1-4 units, investment property, business purpose, no debt-to-income ratio reported, term of 36 months or less. Applied to Archwest Funding, that filter reproduces the 300 loans, 19 states and 204 California loans those pages show for 2025, and gives 2024 for the first time.

Two cautions. First, the rate is the note rate only; HMDA does not report points or fees on these loans (the points and origination-charge fields are empty), so the 1.5-point drop in the median rate is not a statement about total cost. Second, the move to bigger loans is a size effect as well as a pricing one: our California page notes that loans of $1,000,000 or more carried a lower median rate than small loans across the state. Whether ArchWest’s borrowers got cheaper money or simply bigger projects, HMDA cannot say.

The securitizations: three rated deals and what their reviewer found

When a lender sells notes backed by its loans, it files a third-party due diligence summary with the SEC. Archwest Depositor, LLC filed one for each of its three deals. In each, the reviewer, Setpoint Technologies, says it was working “on behalf of its client, Archwest Lending, LLC” and checked 100% of the loans for credit and valuation. Each summary states: “All loans in the Securitization are non-owner occupied Residential Transition Loans.”

How to read it. The scale is A (no exceptions), B (1 exception), C and D (more). For 2025-RTL1 the summary also gives the grade before exceptions were resolved: 133 A, 116 B, 51 C and 20 D, so 71 loans (22.2%, our arithmetic) started with a C or D and ended at B or better. That is what a review is meant to do, and it is also the figure to ask about: the final grades show what was cured, not how many loans arrived with problems. The “loan amount” in each review is not the size of the notes: for 2026-RTL2 the company said the initial pool was 218 loans with about $217.3 million of principal plus about $98.5 million in an accumulation account (HousingWire, September 30, 2026), against $406.6 million of loan amount in the review. The report does not say whether the larger figure includes unfunded construction amounts; do not equate the two. Grades are the reviewer’s opinion of files, not a performance record.

On size and track record, only the company speaks. It put 2025-RTL1 at $300 million, 2026-RTL1 at $275 million (Pulse 2.0, May 1, 2026) and 2026-RTL2 at $300 million, for $875 million in all, and said in the 2026-RTL2 release that the first deal had fully revolved and, in its CFO’s words, “Our collateral has continued to perform at a high level, with no loan repurchases from our securitizations to date.” A loan repurchase count is not a delinquency rate. We found no rating-agency release or investor report in our sources, so we cannot give loan performance.

Compared with other lenders: our Easy Street Capital review and Center Street Lending review cover two other lenders that also sell residential transition loan notes.

Ownership, size claims and what they do not tell you

Bain Capital’s July 8, 2024 release said “Bain Capital and its affiliates will acquire a controlling stake in the Company,” with management keeping “a significant minority stake” and terms not disclosed. The same release said: “Since 2022, Archwest has originated over $700 million in business purpose assets across nearly 1,200 units nationwide.” By May 1, 2026 the company said its platform had “surpassed $2.5 billion in funding.” These are the company’s own totals and use different words (“originated,” “funding”). The HMDA file covers one entity and one filing year at a time; 2024 plus 2025 is $925,105,000 for Archwest Funding (our arithmetic), so the company’s totals include other years and entities, or other measures.

Does ArchWest sell funds or notes to investors?

We searched EDGAR full-text search, all years, for “ArchWest” restricted to Form D (the notice for private offerings under Regulation D). It returned one filing; we also listed every EDGAR company with “archwest” in its name, which gave only Archwest Depositor, LLC. So we found no Form D from Archwest Funding, Archwest Lending or Archwest Depositor.

The one hit is BCSS Archwest (L) REIT, LLC (CIK 0002095831, Boston), a Form D dated December 3, 2025 under exemptions 506(b) and 3(c)(7): $125,000 offered, $125,000 sold, 125 investors, $1,000 minimum, no non-accredited investors, and a 5% commission of $6,250 to the broker-dealer H & L Equities. It is a notice, not a fund report. It does not say what the vehicle holds. One of its two directors is the Bain Capital managing director quoted in the July 2024 release, which points to a Bain-side vehicle rather than a product ArchWest sells; we cannot confirm that. The securitization notes are sold to institutions, not to retail investors, and nothing here is an offer of any kind. The money exit for this page is a borrower decision, not an investment.

Regulators, courts and complaints

• CFPB: a search of the CFPB complaint database for “archwest” returned 0 results on November 10, 2026. Our California page found the same on October 8, 2026. Business-purpose lending sits at the edge of that database, so 0 is weak evidence either way.
• California DFPI and NMLS: not read (blocked). The lender’s site says it is “a nationwide lender with limited restrictions and licenses pending in a small number of states.”
• Courts: CourtListener and Justia blocked automated access, and a web search found no case or enforcement action naming Archwest Funding or Archwest Lending. That is not a docket search; run one before you sign.
• Consumer scope: the lender states that Archwest Lending “does not make any loans for personal, family, or household use.”

We found no customer-review pages (Trustpilot, BBB) for the lender in our search, so there is no borrower-reported record here; ask the lender for references from recent borrowers.

What a reader can do with this

• Ask for the exact license number of the entity that will lend to you, then check it on the DFPI and NMLS Consumer Access sites; do not rely on our reading of the footer.
• Ask for a term sheet with rate, points, draw fees, extension fees and prepayment terms. HMDA gives the note rate only.
• Compare three quotes. Our hard money lenders in California page ranks the lenders for the state; if you want a 30-year rental loan, note that ArchWest’s HMDA book moved away from them in 2025.
• Remember its size: 300 short-term loans nationally in 2025, against Kiavi’s 19,477 in our national ranking. Large, California-heavy loans are the center of its book.
• If you are offered an ArchWest-branded investment product, ask for the Form D accession number and read the offering documents; we found only the $125,000 vehicle above.

FAQ

Sources, read November 10, 2026: FFIEC/CFPB HMDA Data Browser loan-level files and aggregations for LEI 254900A1LV2U6NM10498, 2024 and 2025; GLEIF records for both LEIs; SEC EDGAR Forms ABS-15G, accessions 0001104659-25-093745, 0001104659-26-026305 and 0001104659-26-105870 (exhibit 99.1, Setpoint Technologies due diligence summaries), and 0001104659-26-009357; SEC Form D accession 0002095831-25-000001; EDGAR full-text search and company list for “archwest”; Bain Capital, July 8, 2024 release; Pulse 2.0, May 1, 2026; HousingWire, September 30, 2026; the lender’s website footer and product pages (archwestcapital.com); CFPB Consumer Complaint Database search. This is analysis of public documents, not investment, legal or tax advice.