Cypress Equity Investments and LWK Partners Secure $100mm Custom Credit Facility from Ascent Developer Solutions to Accelerate Workforce Housing Density Addition Strategy

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11:30 AM on Monday, October 27

The Associated Press

LOS ANGELES--(BUSINESS WIRE)--Oct 27, 2025--

Cypress Equity Investments (“CEI”), an institutional multifamily developer and real estate investment company, and LWK Partners (“LWK”), a real estate private equity firm focused on the acquisition and operation of attainable value-add multifamily assets, are pleased to have secured a $100mm bespoke credit facility from Ascent Developer Solutions (“AscentDS”) to accelerate LWK-CEI’s Workforce Housing Density Addition strategy.

The strategy addresses the growing Los Angeles housing shortage by capitalizing on a recent state law that allows investors to add net new units to existing multifamily assets. The financing facility from AscentDS considerably reduces financing friction for LWK-CEI’s aggregation strategy, allowing the platform to seamlessly transition from acquisition to construction loans.

“This facility with Ascent Developer Solutions marks another important step in advancing our workforce housing density addition strategy,” said Michael Sorochinsky, Founder and CEO of Cypress Equity Investments. “By streamlining capital access and execution, we’re able to accelerate the delivery of high-quality, attainable housing in supply-constrained markets like Los Angeles, a critical need for working families and local communities.”

“AscentDS is proud to continue our strong relationship with Cypress Equity Investments and are looking forward to expanding our relationship with LWK,” said Robert Wasmund, Founder and CEO of Ascent Developer Solutions. “This facility continues AscentDS’s commitment to partnering with best-in-class sponsors as they develop new strategic approaches to address the national housing shortage.”

“The AscentDS facility represents a structural competitive advantage for our platform, uniquely positioning us to execute on our strategy in an expedited manner in a fragmented space,” said Matt Carney, Co-Founder and Partner of LWK Partners.

About Cypress Equity Investments (CEI)

CEI is a national real estate developer and investor with a focus on multifamily and self-storage assets. Since 2001, CEI has purchased, developed, and invested in more than 156 projects, amassing a portfolio and pipeline exceeding 21,000 multifamily units and select commercial projects valued at over $13 billion.

CEI’s platform spans five active investment verticals: affordable housing, self-storage, multifamily acquisitions, co-GP partnerships, and market-rate development. Its strategy centers on delivering institutional-quality housing and storage projects across high-growth U.S. markets through disciplined market research, entitlement execution, construction management, and asset performance. For more information, visit www.cypressequity.com.

About LWK Partners (LWK)

LWK Partners (“LWK”) is a Los Angeles based private equity firm focused on the acquisition and operation of value-add multifamily assets in Los Angeles. LWK targets undermanaged assets with multiple levers to create value through operational improvements, value-add renovations, and opportunities to add density via new unit development in supply constrained communities. As of Q3 2025, LWK has acquired 26 buildings and 350+ multifamily units, representing over $100mm in GAV acquired, with an additional 100+ multifamily units in development. For more information, explore www.lwkpartners.com.

About Ascent Developer Solutions (AscentDS)

Headquartered in Southern California, AscentDS is a leading private lending and institutional debt platform offering customized financing solutions to top-tier single- and multi-family developers and investors. AscentDS was founded in 2024 by Robert Wasmund to capitalize on a multi-billion-dollar market opportunity to provide short-term secured loans for the acquisition, renovation and construction of single-family, homebuilder, and multi-family properties, along with post-completion bridge financing. The company leverages the management team’s long-term relationships with highly sophisticated borrowers, a proven track record of success building and scaling private loan origination platforms, a best-in-class construction management team, and proprietary software and data product suites to offer its borrowers an efficient and streamlined advantage. For additional information on working with AscentDS, please visit AscentDS.com and follow AscentDS on LinkedIn at linkedin.com/company/ascent-developer-solutions.

View source version on businesswire.com:https://www.businesswire.com/news/home/20251024217280/en/

CONTACT: Media Contact:

Donna Haldipur

424-363-0848

[email protected]

Partnership Team:

Austin Nissly

724-809-9710

[email protected]

Matt Carney

310-480-8325

[email protected]