BofA update shows where active managers are putting money
Investing.com -- OFA Group (NASDAQ:OFAL) stock surged 5.7% after the integrated architecture and technology firm announced plans to acquire a controlling stake in a real estate and mortgage business.
The company signed a Letter of Intent to acquire a 60% controlling interest in Aspire Homes Realty Inc. and its affiliated lending platform, RateDNA, Inc. Both businesses are backed by AlphaX, a private investment and development firm based in Orange County, California.
The proposed acquisition would expand OFA’s presence into real estate services and specialty lending. Aspire Homes offers brokerage services with investment-focused agent training and in-house staging, design, and construction capabilities. Meanwhile, RateDNA provides complementary mortgage products tailored to investors, including DSCR and non-QM loans, supported by proprietary tools like the SFR Analytics platform.
"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 COO. "The team we expect to integrate brings deep transactional expertise, dual-licensing capabilities, and a performance-driven culture."
According to the company, the acquisition is expected to leverage operational talent to accelerate revenue, enhance cross-platform synergies, and advance long-term shareholder value creation.
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