Real Estate Private Lending Platform Continues to Build Upon a Successful Year with Key Growth Milestones

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Ascent Developer Solutions (“AscentDS”), a relationship-based lender providing customized financing solutions to top-tier real estate developers, has announced a key milestone, reaching $1B in originations since its July 2024 launch, far outpacing its previous projections. This announcement follows a year of significant growth for the strategic lending platform firm, including but not limited to its successful launch with backing by investment management firm Elliott Investment Management L.P.; the expansion of its team to more than 100 industry experts across critical growth markets; and key executive appointments to its leadership team, further supporting the firm’s continued growth, and bolstering its management, loan origination, valuation, legal, and construction teams.

“I’m proud to reflect upon a strong year of growth, infrastructure development, and reaching the $1B origination milestone within the first year of operations, all of which serve as a testament to the hard work, dedication, and talent of our exceptional team,” says Robert Wasmund, Founder and CEO of Ascent Developer Solutions. “Each milestone that we achieve as a lending platform ultimately creates even greater value for our clients and partners, and I look forward to building upon this momentum to further help our customers reach and exceed their goals.”

About Ascent Developer Solutions

Headquartered in Southern California, AscentDS is a leading private lending and institutional debt platform offering customized financing solutions to top-tier single-family, homebuilder and multi-family developers and investors. AscentDS was founded in 2024 by Robert Wasmund to capitalize on a multi-billion-dollar market opportunity to provide short-term secured loans for the acquisition, renovation, and construction of single-family, homebuilder, and multi-family properties, along with post-completion bridge financing. The company leverages the management team’s long-term relationships with highly sophisticated borrowers, a proven track record of success building and scaling private loan origination platforms, a best-in-class construction management team, and proprietary software and data product suites to offer its borrowers an efficient and streamlined advantage. For additional information on working with AscentDS, please visit ascentds.com and follow AscentDS on LinkedIn at linkedin.com/company/ascent-developer-solutions.

About Elliott Investment Management L.P.

Elliott Investment Management L.P. (together with its affiliates, "Elliott") manages approximately $72.7 billion of assets as of December 31, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.

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