Pretium’s Brendan Bosman on the role of non-bank lenders in U.S. home building
Brendan Bosman, Managing Director, Pretium | Brendan discusses the drivers behind the demand for non-bank lenders in financing U.S. home building. He explains the size of the opportunity set for investors to fund construction and development and the parts of the market and the types of builders they focus on, and why. Brendan also shares how Pretium is uniquely positioned in originating, underwriting, executing, asset managing and servicing their loan book, and how that sets them apart in the market.
Listen to the full interview where we ask Brendan:
- What is prompting the need for private credit in homebuilding now and why are traditional banks backing away?
- There are many types of builders and dispersion across geographies. What factors do you believe non-bank lenders should be across? How large is this opportunity?
- Can you walk us through how you underwrite and manage these loans?
- Is homebuilder lending part of the 21st Century ROAD to Housing Act currently pending review? If passed as it stands, would that help or hinder homebuilder lending?
- Do you believe that real estate debt, considered asset backed, should be part of a multi sector ABF approach?
Disclaimer - Pretium
The material provided is intended for informational purposes only and does not constitute and should not be construed as an offering of advisory services or an offer to sell or solicitation to buy any securities or related financial products. Pretium makes no representation, and it should not be assumed that past investment performance is indicative of future results. Any references to specific investments are solely for informational purposes. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Pretium or its affiliates. Pretium does not make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose.
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