Ascent Developer Solutions funded a $17.9 million ground-up construction loan for a Built-to-Rent project in Phoenix consisting of 62 two-story townhomes with attached garages and private yards.
Published
Signal category
Capital & Finance
Quote
“Ascent Developer Solutions recently funded a $17.9 million ground-up construction loan for a Built-to-Rent (BTR) project in Phoenix.”
— Ascent Developer Solutions team
Company
Ascent Developer Solutions
Custom financial solutions for developers of SFR & multifamily properties, homebuilders & manufactured housing projects.
- Industry
- Financial Services
- Location
- Los Angeles, US
- Company size
- 120 employees
Ascent is a leading private lending and institutional debt platform offering customized financing solutions to top-tier single-family and multifamily developers and investors. Ascent 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 multifamily 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. CUSTOMIZED LENDING SOLUTIONS FOR: - Residential Real Estate Investors - Homebuilders - Bridge and Short-Term Rental Loans - Manufactured Housing Community Developers All references to Ascent or Ascent Developer Solutions contained on this page are a reference to Ascent Developer Solutions LLC - NMLS# 2533498
Founded 2024