Pretium to acquire Deephaven Mortgage from Varde Partners.

Pretium Partners, an alternative investment management firm, offered to acquire Deephaven Mortgage, a mortgage lender in Charlotte, North Carolina, from Varde Partners. Financial terms were not disclosed. Donald Mullen, Founder and Chief Executive Officer of Pretium, said: “We are excited to be acquiring one of the most established leaders in the Non-QM market and we expect the business to benefit from working closely with Pretium’s existing single-family rental and mortgage credit businesses. Deephaven is a synergistic, natural extension of Pretium’s existing strategies in single-family rentals and mortgage credit, within our residential credit ecosystem.”