Backed by Elliott Investment Management L.P., Ascent Developer Solutions Looks to Fulfill Underserved Demand within the Construction Financing Realm

Modern hillside home with a pool at dusk

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.

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‹ California People and Company News, Week of Nov. 15, 2024

Ascent Developer Solutions launches to serve construction loan needs ›

Ascent Developer Solutions

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TheTeam@AscentDS.com

888 341 4503

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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

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Ascent Developer Solutions

Contact

TheTeam@AscentDS.com

888 341 4503

Loan Programs

Ground-Up Construction

Renovation

Bridge

Company

About Us

Careers

News

Contact

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

Privacy Policy