LOS ANGELES–(BUSINESS WIRE)–Ascent Developer Solutions (“AscentDS”) has provided a $400 million construction debt facility to Thomas James Homes (“TJH”), the nation’s largest single-lot homebuilder, to support continued expansion and operational efficiency across high-demand U.S. infill markets.
This facility strengthens a growing partnership between AscentDS and TJH, two firms aligned in redefining how residential construction is financed, scaled, and delivered.
The announcement follows a period of rapid growth for AscentDS, bringing its origination volume to more than $1.6 billion since its launch with backing from Elliott Investment Management L.P. in July 2024.
“AscentDS is proud to continue our growth trajectory alongside Thomas James Homes,” said Robert Wasmund, Founder and CEO of Ascent Developer Solutions. “This milestone facility is a natural progression of a productive relationship with TJH and a testament to our team’s white-glove approach to building long-term relationships with highly sophisticated borrowers. It also highlights the value of our best-in-class in-house construction management services platform.”
The facility provides additional capital for TJH’s ongoing expansion across California, the Pacific Northwest, and Arizona. As a well-capitalized, institutionally owned platform, TJH continues to lead its category by delivering luxury homes with guaranteed pricing, guaranteed timelines, and an integrated delivery model that brings predictability to a traditionally uncertain sector.
“This facility reflects continued recognition of Thomas James Homes’ differentiated approach to luxury single-lot infill development,” said Jamie Mead, Chief Executive Officer of Thomas James Homes. “It enables the next phase of disciplined growth as we scale efficiently across high-demand markets. Our partnership with Ascent Developer Solutions reinforces our commitment to precision, certainty, and performance. These qualities define our platform and set us apart in infill residential construction.”
Together, AscentDS and TJH are demonstrating how strategic capital and operational discipline can unlock scalable innovation in the U.S. housing market.
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 $1.6 billion in origination volume as of October 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.
About Elliott Investment Management L.P.
Elliott Investment Management L.P. (together with its affiliates, “Elliott”) manages approximately $76.1 billion of assets as of June 30, 2025. 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.
About Thomas James Homes
Headquartered in Aliso Viejo, California, Thomas James Homes (TJH) is the nation’s largest single-lot homebuilder, reimagining the homebuilding experience through guaranteed pricing, guaranteed timelines, and an end-to-end approach that simplifies every step of the process. With more than 1,000 luxury homes delivered across major U.S. markets, TJH combines design excellence, construction precision, and data-driven execution to deliver certainty, quality, and value at scale. TJH is owned by funds managed by Oaktree Capital Management, L.P. Learn more at tjh.com.
Contacts
Media Contact:
Donna Haldipur
Marino PR, on behalf of Ascent Developer Solutions
[email protected]
