Pretium buys manufactured-home lender Cascade from Centerbridge
What's the deal? PretiumDealroom has a profile for this one. Try Dealroom → has acquired Cascade Financial ServicesDealroom has a profile for this one. Try Dealroom →, a lender to buyers of manufactured homes, from majority shareholder Centerbridge PartnersDealroom has a profile for this one. Try Dealroom →. The deal was announced on September 10, 2026. Terms were not disclosed.
What's the endgame? Pretium is folding Cascade into its residential credit platform, which finances borrowers who would not qualify for traditional, government-backed mortgages. The acquisition lets Pretium expand lending to prospective buyers of manufactured homes.
Who's involved? Pretium is a specialised investment firm focused on US residential real estate, residential credit, and corporate credit. Centerbridge Partners, a global alternative investment firm founded in 2005, manages over $46 billion in assets and first acquired Cascade in 2016.
Why now? The sale marks an exit for Centerbridge roughly a decade after it bought the lender. Law firm WillkieDealroom has a profile for this one. Try Dealroom → advised Cascade and Centerbridge on the deal, having also worked on the 2016 acquisition.
The signal: The deal fits a broader push by investment firms into niche residential credit, where non-traditional borrowers underserved by government-backed mortgages present a growing lending opportunity.
Read more: willkie.com
Image credit: Tim Evanson
