reAlpha Tech Corp. (NASDAQ: AIRE), a Dublin, Ohio-based AI-powered real estate technology company, announced its acquisition of InstaMortgage Inc., an independent mortgage lender.
Founded in 2008 and headquartered in San Jose, InstaMortgage is an originations-focused mortgage lender specializing in purchase and refinance loans across 32 states including New York, New Jersey, Illinois, and Ohio, which would be new markets for reAlpha. The acquiring company operates a mortgage brokerage, and the acquisition is intended to complement reAlpha’s existing mortgage brokerage operations by adding direct mortgage lending capabilities and extending reAlpha’s footprint into additional key markets.
The financial terms of the deal were not disclosed.
“This agreement is about building the operating system for modern homebuying,” said Mike Logozzo, CEO of reAlpha. “Buyers don’t experience brokerage, lending, and closing as separate categories. They experience one process where clarity and execution matter. Following the completion of the acquisition, InstaMortgage will bring direct lending infrastructure and multi-state licensing that fits our platform strategy. When combined with our existing mortgage brokerage, it will position us to further reduce friction across handoffs and deliver a more coordinated experience, while operating with the discipline this industry demands.”
Shashank Shekhar, founder and CEO of InstaMortgage, added, “We built InstaMortgage with a clear focus: deliver a modern origination experience powered by strong operators and a digital-first process. reAlpha’s vision for an integrated AI-powered homebuying platform aligns with how we see the market evolving, and we’re excited about what this could mean for borrowers, loan officers, and partners as we work toward closing.”
