Weekly Real Estate News
OFA Group (NASDAQ: OFAL), a Los Angeles-based architecture and technology firm, today has signed a Letter of Intent (LOI) to acquire a 60% controlling interest in Silicon Valley-based Aspire Homes Realty Inc. and its affiliated lending platform, RateDNA Inc.
RateDNA is a real estate and mortgage business backed 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.
The financial aspects of the deal were not disclosed.
“We believe this proposed transaction represents a compelling opportunity to expand OFA’s presence in two resilient, cash-generating verticals, real estate services and specialty lending,” said Thomas Gaffney OFA Group’s chief operating officer. “The team we expect to integrate brings deep transactional expertise, dual-licensing capabilities, and a performance-driven culture. We see meaningful potential to leverage this operational talent to accelerate revenue, enhance cross-platform synergies, and advance long-term shareholder value creation.”
