Acquiring Company
Redfin
Acquired Company
Bay Equity Home Loans
SeattleSoftwareReal EstateReal Estate InvestmentCommercial Real EstateDescription
(NASDAQ: RDFN) — Redfin (www.redfin.com) has entered into an agreement to acquire Bay Equity Home Loans (www.bayequityhomeloans.com), a national, full-service mortgage lender. Under the terms of the merger agreement, the purchase price is estimated to be $135 million 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. The acquisition accelerates Redfin’s strategy to become a one-stop shop for brokerage, lending and other services. Redfin expects the acquisition to close in the second quarter of 2022, pending customary approvals, and to be accretive to 2022 earnings per share.
Who to call at Redfin, and when
When Redfin changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Redfin raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Redfin, from your own LinkedIn network
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Frequently asked
Who acquired Bay Equity Home Loans?
Bay Equity Home Loans was acquired by Redfin, based in Seattle. The deal was reported on January 11, 2022. Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. Redfin is privately held and operates in Software.
When did Redfin acquire Bay Equity Home Loans?
Redfin's acquisition of Bay Equity Home Loans was reported on January 11, 2022. (NASDAQ: RDFN) — Redfin (www.redfin.com) has entered into an agreement to acquire Bay Equity Home Loans (www.bayequityhomeloans.com), a national, full-service mortgage lender. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Bay Equity Home Loans do?
Bay Equity Home Loans is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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