Pretium to Acquire DeepHaven Mortgage
Update: On September 18, 2019, Pretium and Värde Partners confirmed the completion of their previously announced agreement for Pretium to acquire Deephaven Mortgage LLC from Värde Partners. Terms of the deal were not disclosed.
Pretium and Värde Partners agreed for Pretium to acquire Deephaven Mortgage LLC from Värde Partners.
Founded in 2012, Deephaven is a leader in the non-qualified mortgage industry. The company partnered with Värde in 2014 to fund its growth and expansion.
Pretium is an alternative investment management firm focused on residential real estate, mortgage credit and corporate credit with more than $10 billion in assets under management. Pretium is the largest private single-family rental owner and operator in the U.S., with over 32,000 homes across 15 high-growth markets.
Värde is an investor in commercial and residential mortgages, including new originations and secondary investments in commercial and residential loans and portfolios, securities and servicing platforms.
Terms of the transaction were not disclosed. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the second half of 2019.
