Not even one year into its formation, private lending and institutional debt platform Ascent Developer Solutions is rapidly growing.

The Encino-based company launched in July, with equity help thanks to Florida-based Elliott Investment Management, one of the world’s largest multi-strategy funds, and offers customized financing solutions to single-family, homebuilder and multifamily developers, ranging from short-term, secured loans for the purchase, renovation and construction of projects to more complicated, post-completion bridge financing as well.

Read more in the LA Business Journal.