E-Loan to be acquired

After I posted a couple of articles last week about the potential future of individual TIC loans by E-Loan, it was reported today by Inman News that E-Loan will be acquired by the Puerto Rico's largest bank, Popular.

I wouldn't imagine that we'll see too many ground-breaking decisions coming from a company that is in merger/acquisition talks. Will this ultimately delay or eliminate E-Loan's entry into the individual TIC loan market? We'll have to stay tuned, I guess...

They are, however, planning on keeping their headquarters in Pleasanton as well as retaining their CEO and "most of their employees."