Netcapital to acquire ResMAC mortgage bank assets for $15-20M capital infusion

Netcapital Inc. signed a non-binding letter of intent to acquire substantially all assets of ResMAC Inc., a licensed residential mortgage bank operating in 11 states with $51.8M in assets and $4.76M annualized revenue. The acquisition aims to expand ResMAC's warehouse lending capacity from $25M to $200M and drive annual revenue to approximately $32M.