Deal Snapshot
Redfin to Acquire US Mortgage Lender Bay Equity Home Loans
Thursday 13 January 2022

US-based real estate brokerage Redfin (NASDAQ: RDFN) has entered into an agreement to acquire California mortgage lender Bay Equity Home Loans, the company said.

Under the terms of the merger agreement, the purchase price is estimated to be USD 135m in cash and stock. Founded in 2007 in the San Francisco Bay Area, Bay Equity is a licensed mortgage lender in 42 states and employs approximately 1,200 people.

Date Published: 13/01/2022