About this episode

This episode discusses the opportunities in real estate debt investing, particularly through Pretium's approach to lending to US homebuilders amidst private credit disarray.

Private credit disarray spells opportunity for housing giant Pretium, which targets high returns by lending to US homebuilders. “Our private credit looks a little bit different than other private credit in the sense that we are secured, we have real good downside protection,” Jon Pruzan, the company’s co-president, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Erica Adelberg in this episode of the Credit Edge podcast. “We have a lot of people who want capital and not a lot of people providing capital — that puts us in an opportunity to continue to generate attractive returns,” says Pruzan, who was previously chief financial officer at Morgan Stanley. They also discuss housing fundamentals, opportunity by region, how Pretium achieves midteens returns and political risks going into the November US midterm elections. See omnystudio.com/listener for privacy information.

People in this episode

Hosts: James Crombie, Erica Adelberg

Guest: Jon Pruzan

Topics covered

• real estate
• private credit
• debt investing
• housing market
• returns
• political risks

Mentioned in this episode

Organizations: Bloomberg News, Bloomberg Intelligence, Pretium, Morgan Stanley

Places: US

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