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Elliott Investment Management and private lending veteran Robert Wasmund have partnered to grow a new financing source for residential developments ranging from single-family homes to multifamily projects. 

Called Ascent Developer Solutions, or AscentDS, the lender will offer short-term secured loans to fund the purchase, renovation and construction of single-family and multifamily properties. Founded earlier this year by Wasmund, AscentDS will also offer post-completion bridge loans, according to the release.