reAlpha completes InstaMortgage acquisition for $8.5M

reAlpha Tech Corp. announced on Friday that it has completed its acquisition of InstaMortgage Inc., bringing mortgage lending capabilities in-house as the real estate technology company works to build an end-to-end homebuying platform. The transaction, which was announced in December 2025, closed Aug. 19. The company said the acquisition will allow it to originate, underwrite and fund mortgages directly while continuing to offer mortgage brokerage services. Under the amended and restated merger agreement, reAlpha acquired all outstanding shares of InstaMortgage for approximately $8.5 million, subject to closing adjustments. The consideration includes $500,000 in cash, $1.5 million in reAlpha common stock issued at closing and up to $6.5 million in deferred consideration payable in semiannual installments over three years. The deferred consideration can be paid in cash or reAlpha common stock at the company’s election, although at least $1.5 million must be paid in cash, a release from the company said. “reAlpha is now able to originate, underwrite and fund mortgages in-house, across 38 states and Washington, D.C.,” reAlpha CEO Mike Logozzo said. “We believe homebuying improves when...