Elliott Investment Management Backs Launch of CRE Private Lending Platform

Author

Connect CRE

Jul 22, 2024

Guides

Robert Wasmund and funds managed by Elliott Investment Management L.P. have partnered to launch Ascent Developer Solutions (AscentDS)

Elliott Investment Management Backs Launch of CRE Private Lending Platform

Based in Los Angeles, AscentDS will offer short-term, secured loans for acquisition, renovation and construction of single-family, homebuilder and multifamily properties, along with post-completion bridge financing. The company features an in-house construction servicing and valuation team.

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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

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