California-based real estate brokerage and power buyer cites 'challenging real estate and financial market conditions and unfavorable capital-raising environment'
The cash infusion comes less than a month after the flat-fee brokerage acquired mortgage lending startup Lenda
The California-based brokerage scooped up Lenda and will use the acquisition to launch its own mortgage service
The end-to-end online loan platform claims to save time and money for consumers
Lenda plans to expand from California into Oregon and Washington
New Kids on the Block: HouseCall, Updater, Lenda, Lumentus and WikiRealty
First crop of 'New Kids on the Block' take the stage at Real Estate Connect
Borrowers can complete the home loan process online from start to finish without a loan officer as middleman