CAMBRIDGE, Mass.--(BUSINESS WIRE)--Ascent Developer Solutions LLC (\u201cAscent\u201d), a relationship-based lender providing customized financing solutions to top-tier real estate investors and developers, has announced the establishment of a new Boston-area office and key executive new hires to lead its continued expansion across the New England region, cementing the firm as a national lender.<\/p> \nThis expansion further strengthens Ascent\u2019s presence across key markets in the Northeastern United States, including Massachusetts, Connecticut, New Hampshire, and Rhode Island, reflecting increasing demand in the region for the firm\u2019s flexible financing solutions and hands-on lending approach. The new office will serve as a regional hub for originating and executing deals throughout the Northeast, allowing the firm to better support developers through local relationships, market expertise, and faster decision-making.<\/p> \n\u201cThe establishment of our Northeastern hub is a direct response to the demand we\u2019re seeing from developers in the region,\u201d said Robert Wasmund, Founder & CEO of Ascent Developer Solutions<\/b>. \u201cBy establishing a stronger local presence and continuing to invest in relationships on the ground, we\u2019re able to better support both existing and new clients in markets with strong long-term fundamentals.\u201d<\/p> \nTo help lead the expansion, Ascent has appointed Mario Massimino, Senior Vice President of Sales<\/b>, who brings extensive experience and relationships in the region across real estate development and finance as a former partner at MB Financial Group. Massimino\u2019s appointment further reinforces Ascent\u2019s reputation as a developer-forward lender and repeat partner. Massimino will drive originations throughout the Northeast while strengthening relationships with developers and sponsors across the region.<\/p> \n\u201cNew England is an incredibly relationship-driven region, and having a local presence is critical to building trust and executing deals effectively,\u201d said Massimino<\/b>. \u201cHaving worked closely as a developer for over a decade with Robert Wasmund, I was drawn to the team\u2019s deeply rooted, relationship-first approach. What differentiates Ascent is a profound understanding of the development process from start to finish, and that perspective as developers allows us to provide the kind of reliable partnership borrowers need in today\u2019s market.\u201d<\/p> \nAscent has appointed three additional new hires to better serve regional client demand as the firm continues to scale its East Coast operations. Anthony Capelli, Matthew Pedone, and Chris Sava join the firm each as Vice President\/Loan Officer, and all with deep ties to the region.<\/p> \n\u201cAs a vertically integrated real estate investor and developer, having a capital partner like Ascent Developer Solutions provides the certainty of execution and scalability necessary to grow our business and capitalize on opportunities in today's market and throughout any economic cycle,\u201d said Michael Massimino, CEO of MB Financial Group<\/b>. \u201cFor more than a decade, we have maintained a strong relationship with Robert Wasmund and his team, and their ability to execute consistently exceeds the industry standard. What sets Ascent apart is not only its access to capital, but also its deep understanding of the development and construction process and its unwavering commitment to its borrowers. Their expansion into New England is a tremendous benefit to developers throughout the region, and we are proud to be a part of their continued growth and success.\u201d<\/p> \nThe announcement comes during a period of sustained growth for Ascent, which plans to continue expanding its presence in key markets nationwide. The firm has now achieved $3B in total origination volume since its launch with backing from Elliott Investment Management L.P. in July 2024, reflecting continued demand for flexible, developer-centric financing solutions.<\/p> \nIn parallel with its geographic expansion, Ascent has continued to invest in its team and infrastructure. The firm has grown to more than 130 industry professionals nationwide, with new hires across originations, credit, and construction management. Its Los Angeles headquarters is also expanded significantly, supporting increased deal volume and serving as the operational backbone of the firm\u2019s growing platform.<\/p> \n\u201cWith a bi-coastal presence now in place, we\u2019re positioned to scale more effectively while staying true to the relationship-driven approach that defines our business,\u201d added Wasmund<\/b>. \u201cWe\u2019re continuing to invest in the markets, people, and capabilities that allow us to deliver consistent return for our clients.\u201d<\/p> \nAscent Developer Solutions provides Bridge, Renovation, and Construction loans to experienced single-family and multifamily investors and developers. The firm also offers diverse lending programs (including revolving products) for homebuilders, large multifamily developers, and manufactured housing communities with loan amounts up to $100 million.<\/p> \nAbout Ascent Developer Solutions<\/b><\/p> \nHeadquartered in Southern California, Ascent is a leading private lending and institutional debt platform offering customized financing solutions to top-tier single- and multi-family developers and investors, reaching $3 billion in origination volume as of June 2026. Founded in 2024 by Robert Wasmund, Ascent provides 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 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<\/a> or follow on LinkedIn at linkedin.com\/company\/ascent-developer-solutions<\/a>.<\/p> \nAbout MB Financial Group<\/b><\/p> \nMB Financial Group (\u201cMBFG\u201d) is a vertically integrated Real Estate Investment, Development, and Asset Management platform focused on the acquisition, development, financing, and management of residential, multifamily, mixed-use, and commercial real estate throughout the Northeastern United States, with a primary concentration in Connecticut and the Greater Boston market. The firm\u2019s diversified platform spans market-rate multifamily housing, mixed-use developments, build-to-rent communities, adaptive reuse projects, retail assets, and private credit solutions.<\/p>![](\"https:\/\/mms.businesswire.com\/media\/20260612376502\/en\/2830727\/22\/Ascent_4C.jpg\")
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