---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-420502"
form_type: "8-K"
ticker: "OPAD"
cik: "0001825024"
company_name: "Offerpad Solutions Inc."
filed_at: "2026-10-13T20:32:26+00:00"
generated_at: "2026-10-13T20:33:03.314488+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-420502
- form_type: 8-K
- ticker: OPAD
- cik: 0001825024
- company_name: Offerpad Solutions Inc.
- filed_at: 2026-10-13T20:32:26+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825024/000119312526420502/0001193125-26-420502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825024/000119312526420502/opad-20261007.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-420502
- JSON: https://secwatch.observer/filing/0001193125-26-420502.json
- Plain text: https://secwatch.observer/filing/0001193125-26-420502.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.