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Redfin Completes Acquisition Of Bay Equity Home Loans For $137.8 Million

RECENTLY ACQUIREDApr 04, 2022

Acquiring Company

Redfin

Acquired Company

Bay Equity Home Loans

SeattleSoftwareReal EstateReal Estate InvestmentCommercial Real Estate

Description

(NASDAQ: RDFN) — On April 1 Redfin (www.redfin.com) completed its previously announced acquisition of Bay Equity Home Loans (www.bayequityhomeloans.com) for $137.8 million in cash. The union of Redfin’s national brokerage with Bay Equity’s full service mortgage lending operation accelerates Redfin’s strategy to become a one-stop shop for consumers to buy, sell, rent, and finance a home.

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Company Information

Company

Redfin

Location

Seattle, Washington, United States

About

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. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people. Redfin may publish information and analysis about the U.S. residential real estate industry on its company blog at www.redfin.com/news/housing-market-news/. We encourage investors and others interested in our company to review and subscribe to the information we post on our company blog, as some of the information may be material. Redfin-F

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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 April 4, 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 April 4, 2022. (NASDAQ: RDFN) — On April 1 Redfin (www.redfin.com) completed its previously announced acquisition of Bay Equity Home Loans (www.bayequityhomeloans.com) for $137.8 million in cash. 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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