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.
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