US residential credit firm Pretium has recorded $3bn ($2.2bn) in lending to homebuilders and multifamily developers, using private credit strategies to address housing shortages across the country.
In 2024, Pretium launched its residential debt platform, which provides “innovative, flexible financing” to homebuilders for single-family homes, both to rent and own, and multifamily development.
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“The nation faces a severe housing shortage, and private capital is essential to addressing it,” said Don Mullen, Pretium’s chief executive and founder. “At a time when the nation needs more housing options, not less, we are harnessing the power of private capital to help provide them,” he added.
Pretium primarily partners with medium-sized homebuilders that construct between 200 and 2,000 homes annually.
Jonathan Pruzan, co-president of Pretium, said this segment is particularly critical to expand the nation’s housing supply. “US homebuilders outside the top ten largest are responsible for over half the nation’s new housing construction and it’s those underserved builders Pretium is focused on serving. Our differentiated platform provides specialized solutions across the full spectrum of builders’ and developers’ capital needs.”
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The firm works in partnership with Anchor Loans, which is a strategic real estate lending business that services an integrated housing platform to meet the evolving needs of the US residential market.
To date, Pretium says it has supported the construction of more than 13,000 housing, by funding home construction at scale.
Pretium has over $60bn in assets under management and employs approximately 6,500 people.
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