Offerpad lifts revolving loan capacity to $200M from $150M; maturity set at Aug 1, 2027

Offerpad Solutions Inc.

OP SPE Summit LLC, an Offerpad subsidiary, amended its revolving loan on Oct 7, 2026, increasing uncommitted borrowing capacity to $200M from $150M.
Lenders are WHGG II Trust and Ascent Developer Solutions LLC; the Fifth Amended and Restated Revolving Promissory Note to WHGG caps at $57,702,574.00.
Original maturity date is Aug 1, 2027, with an option to extend six months; per-property advances range from $75,000 up to $2,000,000.
Construction budgets may not exceed 30% of Maximum Available Loan Funds per property; obligations are guaranteed by Offerpad Holdings LLC and Offerpad Solutions Inc.
Covenants restrict OP SPE's ability to incur indebtedness, with customary events of default allowing the Lender to accelerate outstanding borrowings.

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