The firm, which was founded in 2024, hired Gene Kim as executive vice president of commercial real estate strategies in October to help spearhead this initiative, officially announced earlier this month.

Working with manufactured housing developers, operators and investors, Ascent will offer construction, bridge and term financing solutions, noting an uptick in demand for these services.

“Our country has an affordable housing crisis that I think has been very well documented and that most people are aware of,” Kim said. “And manufactured housing is really the most practical and viable solution… It is a perfect means to provide home ownership to working class families.”

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