Pretium has acquired Cascade Financial Services for an undisclosed amount. Cascade Financial Services, established in 1999, operates as a specialized lender dedicated to providing mortgage loan solutions within the manufactured housing marketplace. Its core mission revolves around facilitating attainable home ownership for thousands of families across the nation.
Cascade has cultivated a strong presence in the attainable housing sector, known for its customized mortgage products and its use of state-of-the-art business automation alongside skilled professionals. This acquisition represents a strategic move for Pretium, enabling it to significantly expand its footprint and capabilities within the housing finance industry. By integrating Cascade's established platform and deep expertise in manufactured housing loans, Pretium aims to broaden its service portfolio and enhance its market reach in this distinct and growing segment.
The combination of Pretium and Cascade is anticipated to generate substantial operational efficiencies and enrich the suite of financial products offered to consumers seeking attainable housing. Pretium gains access to Cascade's specialized lending infrastructure and its experienced team, while Cascade's operations are expected to benefit from Pretium's extensive resources and broader market influence. This integration is poised to strengthen the combined entity's ability to support diverse home ownership pathways and innovate within the manufactured housing finance space.
The unified organization will concentrate on expanding its capacity to serve the attainable housing market, particularly through continued development and delivery of specialized mortgage solutions. The objective is to further empower families in realizing their home ownership aspirations by providing accessible and tailored financial products.