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September 10, 2026

Willkie advised Cascade Financial Services, a leading lender to buyers of manufactured homes, and its majority shareholder Centerbridge Partners on the sale of Cascade to Pretium, a specialized investment firm focused on U.S. residential real estate, residential credit and corporate credit.

On September 10, Pretium announced that Cascade is joining its residential credit platform, which provides financing for borrowers who would not qualify for a traditional, government-backed mortgage. The addition of Cascade will enable Pretium to expand its lending to prospective purchasers of manufactured homes. 

Willkie previously advised Centerbridge Partners on its acquisition of Cascade in 2016.

Centerbridge Partners, L.P. is a global alternative investment firm founded in 2005 with over $46 billion in assets under management.

The Willkie team was led by partners Rosalind Fahey Kruse and Tej Prakash with associate Patrais Strzelecki.