OFA Group to Acquire Controlling Stake in Aspire Homes and RateDNA

OFA Group has signed a Letter of Intent to acquire a 60% controlling interest in Aspire Homes Realty and its affiliated lending platform, RateDNA. Aspire Homes offers brokerage services and investment-focused agent training, while RateDNA provides mortgage products tailored to the investor market. OFA Group sees potential for revenue growth, cross-platform synergies, and long-term shareholder value creation.

OFA Group, an integrated architecture and technology firm listed on the Nasdaq under the ticker OFAL, has signed a non-binding Letter of Intent (LOI) to acquire a 60% controlling stake in Aspire Homes Realty Inc. and its affiliated lending platform, RateDNA, Inc. [1]. The acquisition aims to expand OFA's presence in residential real estate and specialty lending markets.

Aspire Homes Realty offers brokerage services enhanced by investment-focused agent training and in-house staging, design, and construction. RateDNA complements this with mortgage products tailored to the investor market, including DSCR and non-QM loans, supported by proprietary tools such as the SFR Analytics platform. [2]

Thomas Gaffney, OFA Group's COO, commented that this proposed transaction represents a compelling opportunity to expand OFA’s presence in two resilient, cash-generating verticals: real estate services and specialty lending. The team expected to integrate brings deep transactional expertise, dual-licensing capabilities, and a performance-driven culture. Gaffney sees meaningful potential to leverage this operational talent to accelerate revenue, enhance cross-platform synergies, and advance long-term shareholder value creation. [1]

The acquisition is supported by AlphaX, a private investment and development firm based in Orange County, California. Aspire and RateDNA operate a full-service platform serving both residential clients and real estate investors. [2]

While the acquisition targets high-growth sectors and is supported by AlphaX, it is subject to future agreements and conditions, creating uncertainty about whether the transaction will be completed. There are substantial risks and uncertainties associated with the acquisition that could materially affect the expected benefits, including potential disruptions to current operations and the need for additional capital. [1]

References:
[1] https://www.nasdaq.com/articles/ofa-group-signs-letter-intent-acquire-60-interest-aspire-homes-realty-and-ratedna-expand
[2] https://www.stocktitan.net/news/OFAL/ofa-group-signs-non-binding-letter-of-intent-to-acquire-controlling-eq1mfpg7i6ou.html