Company integrates tech, talent, and broker relationships to bolster its national footprint and product range
ARDRI, a new entrant in the non-qualified mortgage (non-QM) space, has announced its acquisition of The Lending Spot (TLS), in a move that strengthens its presence in the alternative lending space and builds out its tech-driven infrastructure.
The acquisition, ARDRI said, aligns with its broader mission “to redefine the mortgage landscape through innovation, exceptional service, and intelligent expansion.”
The California-based lender said the deal provides ARDRI with immediate access to a seasoned team, established broker networks, and deep non-QM operational experience. Financial details of the transaction were not disclosed.
"I am thrilled to welcome TLS's professional capital to our team," said ARDRI co-founder Brian O'Shaughnessy. "Their leadership, sales, and operations expertise will play a pivotal role as we take the next step in our growth at ARDRI. This team is deeply attuned to ARDRI's corporate landscape and understands the brokers' needs and how to navigate unique loan requests through our exception process at ARDRI."
ARDRI is positioning itself as a tech-forward player in the non-QM space. The company plans to originate loans through the wholesale channel, offering a slate of alternative-documentation and business-purpose loan products.
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“I am excited about the merger as it enables us to integrate our company’s unique culture—centered on solutions, exceptional service, and certainty of execution—into a powerful new platform,” said The Lending Spot CEO Kevin O’Shaughnessy said in a press release. "This partnership offers access to ARDRI's cutting-edge technology stack, extensive range of offerings, and world-class operational capabilities."
Before founding TLS, O’Shaughnessy co-founded Athas Capital Group in 2008, which funded more than 14,000 loans totaling $5.5 billion in originations.
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