The Real Brokerage Inc. completes acquisition of LemonBrew Lending

2 minute read
09 December 2022

On December 9, 2022, The Real Brokerage Inc. ("Real" or the "Company") (TSX: REAX) (NASDAQ: REAX) announced that it had successfully completed its acquisition of LemonBrew Lending Corp. ("LemonBrew Lending"), a tech-enabled home loan platform.

Pursuant to the terms of a share purchase agreement dated September 23, 2022 between the Company, LemonBrew Lending and LemonBrew Technologies Corp. (the "Seller"), the Company acquired 100% of the issued and outstanding equity interests of LemonBrew Lending from the Seller for an aggregate purchase price of US$1.25 million. 
Licensed as a mortgage brokerage in 20 US states, LemonBrew Lending provides the foundation for Real to offer consumers the ability to finance their home purchase with Real, removing the need to work with multiple service providers.
Real is an international, technology-powered real estate brokerage operating in 44 US states, the District of Columbia and three Canadian provinces.
Gowling WLG advised Real with respect to this acquisition with a team that included Jason A. Saltzman and Adam Sherman (corporate/M&A) and Natalie Rizkalla-Kamel (IP).

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.