Vision RE Agrees to Buy Mortgage Broker

Vision Real Estate Management and Development Inc., Albany, N.Y., has signed a letter of intent to acquire MEM Financial Solutions Inc., a mortgage brokerage based in Half Moon, N.Y.The terms of the deal were not disclosed. Mark McLeod, founder and chief executive officer of MEM Financial, is a member of the board of directors of Vision Real Estate. "MEM Financial Solutions has experienced a double-digit growth rate, year over year, for the past several years," Mr. McLeod said. Last year MEM Financial's revenues totaled $42 million, Vision Real Estate reported. Vision RE can be found online at http://www.vrmdcorp.com.