Ascent Developer Solutions (AscentDS), a Los Angeles-based lender providing customized financing solutions to top-tier real estate developers, announced several key executive new hires to its rapidly expanding management, construction, and valuation teams as it ushers in a new era of growth.

The announcement follows the strategic lending platform’s launch this summer, powered by a substantial equity capital commitment from Elliott Investment Management, a multi-strategy investment management firm with experience in asset-based investments and specialty finance platforms.

“AscentDS continues to build out our team’s expertise by welcoming a group of seasoned leaders known for being trailblazers in their respective fields, offering unmatched value and expanded capabilities to our growing customer base,” said Robert Wasmund, founder and CEO of Ascent Developer Solutions. “We welcome these innovators to Ascent Developer Solutions as we continue on our path of success as a firm distinguished by its role in providing key insights and leading solutions to best-in-class developers for a fast, frictionless lending process.”

Kerri Brouillette, named managing director, chief credit officer, brings more than two decades of diverse real estate and private funding experience with over $2 billion in originations and recapitalizations at institutions such as Western Alliance Bank, where she served as senior credit officer, and JP Morgan Chase as vice president of its Western real estate division.

Mike Corominas has joined as managing director, head of valuations, having previously served as executive vice president-director of valuations with Genesis Capital and associate with Marcus & Millichap.

Newly named as senior vice president, originations, Garrett Stearns brings more than two decades of relevant experience in debt and equity solutions for residential real estate developers and investors. Stearns formerly served as vice president, sales with Genesis Capital, senior acquisitions manager with Anchor Loans, and managing director with Arico & Associates.

Senior Vice President, Loan Officer Justin Bunch brings more than 20 years of experience in loan origination and navigating strategic partnerships to AscentDS. Bunch previously served as vice president, sales with Genesis Capital and senior loan officer with Michael Rand & Associates.

David Rubin, named vice president, loan officer, holds over a decade of experience in originating and lending as the former head of the Northern California office for Anchor Loans.

Lastly, Tom Atmore has joined the firm as vice president of construction, bringing more than 30 years of experience in real estate construction lending, asset management, residential development, entitlements, and property transactions. He previously served as senior vice president, director of construction loan administration with Luther Burbank Savings and vice president, construction risk/asset manager with California Bank & Trust.

Elliott Investment Management L.P. manages approximately $65.5 billion of assets as of December 31, 2023.