New Lender Backed By Elliott Wants To Finance $3B To $5B In Housing Projects

Author

BISNOW

Jul 22, 2024

BISNOW

1 min read

Elliott Investment Management and private lending veteran Robert Wasmund have partnered to grow a new financing source for residential developments ranging from single-family homes to multifamily projects.

Called Ascent Developer Solutions, or AscentDS, the lender will offer short-term secured loans to fund the purchase, renovation and construction of single-family and multifamily properties.

Read the full article at BISNOW here.

‹ California property lending firm gets huge backing

Multifamily Borrowers Bank on Alternative Lenders ›

Ascent Developer Solutions

Contact

TheTeam@AscentDS.com

Loan Programs

Ground-Up Construction

Company

Ascent Developer Solutions LLC (“Ascent”) makes commercial, business-purpose loans secured by real estate. Loans are for business or investment purposes only and not for personal, family, or household use. This is not a commitment to lend. All loans are subject to underwriting, credit approval, and applicable due diligence. Terms, rates, and loan availability are subject to change, and other restrictions may apply. Ascent conducts lending activities only where it is properly licensed or exempt from licensing requirements, and the facts of a particular transaction may affect whether Ascent may lend in a given state. NMLS ID 2533498. Arizona CBK-2009336; California 60DBO-191225; Minnesota MN-MO-2533498 (including MN-MO-2533498.1); Nevada NMC-128339; North Dakota MB105153; Oregon 2533498; South Dakota 2533498.ML-NR; Utah 14207437; Vermont CL-2533498. For licensing information, visit NMLS Consumer Access.

© 2026 Ascent Developer Solutions LLC. All Rights Reserved. 15821 Ventura Blvd, Suite 200, Encino, CA 91436

Lending Disclosures

Ascent Developer Solutions

Contact

TheTeam@AscentDS.com

Loan Programs

Ground-Up Construction

Company

Ascent Developer Solutions LLC (“Ascent”) makes commercial, business-purpose loans secured by real estate. Loans are for business or investment purposes only and not for personal, family, or household use. This is not a commitment to lend. All loans are subject to underwriting, credit approval, and applicable due diligence. Terms, rates, and loan availability are subject to change, and other restrictions may apply. Ascent conducts lending activities only where it is properly licensed or exempt from licensing requirements, and the facts of a particular transaction may affect whether Ascent may lend in a given state. NMLS ID 2533498. Arizona CBK-2009336; California 60DBO-191225; Minnesota MN-MO-2533498 (including MN-MO-2533498.1); Nevada NMC-128339; North Dakota MB105153; Oregon 2533498; South Dakota 2533498.ML-NR; Utah 14207437; Vermont CL-2533498. For licensing information, visit NMLS Consumer Access.

© 2026 Ascent Developer Solutions LLC. All Rights Reserved. 15821 Ventura Blvd, Suite 200, Encino, CA 91436

Lending Disclosures

Create a free website with Framer, the website builder loved by startups, designers and agencies.