Published on Friday, November 21, 2025
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It recently landed a $400 million construction debt facility to support the efforts.
Thomas James Homes (TJH), the nation’s largest single-lot homebuilder, is taking on a $400 million construction debt facility from Ascent Developer Solutions (AscentDS) to support continued expansion and operational efficiency across Northern California and Southern California, including the Palisades.
California’s infill neighborhoods offer strong fundamentals such as limited new supply, established communities and buyers seeking high-design, single-lot homes, Jamie Mead, president of TJH, told GlobeSt.com.
“TJH’s integrated design-build model aligns with these demand drivers,” he said.
In neighborhoods such as the Pacific Palisades, where the company has delivered more than 60 homes before the recent fires and is currently helping over 30 families rebuild, Mead said that TJH is redefining the homebuilding process through design-forward homes that complement the community's traits.
“By building with integrity, transparency, and minimal disruption, TJH continues to strengthen California neighborhoods,” he said.
This facility strengthens a growing partnership between AscentDS and TJH. The two firms align in how residential construction is financed, scaled and delivered.
With the deal, AscentDS, based in Southern California, has seen its origination volume grow to $1.6 billion since its launch, backed by Elliott Investment Management L.P., as of July 2024.
AscentDS CEO & founder Robert Wasmund told GlobeSt.com that California markets are attractive due to high land values and increased demand for housing.
Wasmund added that AscentDS has already financed properties in California with TJH and will continue to do so as potential opportunities are identified.
The fund is also being used for home construction in the Pacific Northwest and Arizona.