Lending Platform Exceeds $2B Origination Volume Since its Founding
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LOS ANGELES–(BUSINESS WIRE)–Ascent Developer Solutions (“AscentDS”), a relationship-based lender providing customized financing solutions to top-tier real estate developers, has announced the expansion of its lending platform to include flexible, developer-centric financing solutions tailored to modern manufactured housing communities and infill opportunities.
The strategic growth initiative directly addresses a national demand for quality, attainable, and affordable housing, as well as rising site-built construction costs. AscentDS plans to expand its efforts nationally in secondary and tertiary markets in need of workforce housing, with new construction opportunities most prevalent throughout Texas, Florida, and the southeastern United States.
The announcement follows a period of rapid growth for AscentDS. The firm has exceeded an origination volume of more than $2 billion since its launch with backing from Elliott Investment Management L.P. in July 2024. Its team has expanded to include more than 110 industry experts, with key executive appointments to its leadership team, including Executive Vice President, CRE Strategies, Gene Kim, who spearheads the firm’s first entry into manufactured housing.
Says Kim, “Manufactured housing is the most practical solution to our nation’s affordable housing crisis. New manufactured homes cost less than a third of site-built homes, offering millions of families the opportunity of home ownership. AscentDS’s goal is to partner with developers and operators in providing newly developed and renovated manufactured home communities throughout the country.”
Ascent Developer Solutions enters this new era offering fast, flexible lending solutions supporting manufactured housing homebuilders, community operators, and housing investors. By supporting these partners, AscentDS provides quality homes and communities—a far cry from manufactured housing of the past—with high-end finishes and construction, modern technology, sustainability, and efficiency, all while preserving affordability.
“The partnership between Ascent Developer Solutions and Elliott Investment Management, coupled with our dynamic banking relationships is extremely powerful, offering the ability to partner with best-in-class developers and sponsors to provide capital solutions in support of the manufactured housing industry, in the form of construction, bridge, and term financing options,” said Robert Wasmund, Founder and CEO of Ascent Developer Solutions.
Manufactured homes offer 30–50% lower costs per square foot to build when compared with traditional single-family, site-built homes. As jurisdictions loosen entitlements, historically the largest barrier to entry, allowing the development of new manufactured home communities, AscentDS plans to capitalize on the opportunity to provide an elevated homeownership experience, replete with neighborhood amenities catering to active lifestyles, and communities competitive alongside those of traditional single-family residential neighborhoods.
AscentDS financed its first manufacturing housing community, a major acquisition exceeding 400 home sites located in Texas, at the end of December 2025.
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- and multi-family developers and investors, with more than $2 billion in origination volume as of December 2025. Founded in 2024 by Robert Wasmund, AscentDS provides 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 long-term borrower relationships, a proven management team, and a best-in-class in-house construction management platform to deliver speed, transparency, and reliability at scale. Visit ascentds.com or follow on LinkedIn at linkedin.com/company/ascent-developer-solutions.
Contacts
Media Contact:
Donna Haldipur
Marino PR, on behalf of Ascent Developer Solutions
[email protected]
