Articles from Ascent Developer Solutions

Ascent Developer Solutions (“AscentDS”), a relationship-based lender providing customized financing solutions to top-tier real estate developers, has announced a key milestone, reaching $1B in originations since its July 2024 launch, far outpacing its previous projections. This announcement follows a year of significant growth for the strategic lending platform firm, including but not limited to its successful launch with backing by investment management firm Elliott Investment Management L.P.; the expansion of its team to more than 100 industry experts across critical growth markets; and key executive appointments to its leadership team, further supporting the firm’s continued growth, and bolstering its management, loan origination, valuation, legal, and construction teams.

Robert Wasmund and funds managed by Elliott Investment Management L.P. (“Elliott”) have partnered to launch Ascent Developer Solutions (“AscentDS”), a relationship-based lender providing customized financing solutions to top-tier real estate developers. The launch is powered by an equity capital commitment from Elliott, a multi-strategy investment management firm with substantial experience in asset-based investments and specialty finance platforms. Elliott’s investment is intended to support both the build-out of the platform’s operations and the growth of its portfolio-lending capabilities.