ApartmentLove Inc. announced that it has signed a term sheet with a New York based lender for a term debt facility of up to $10,000,000 to support the Company's acquisition of substantially all the assets of a Florida-based Internet listing company, iLS Network, previously press released by the Company on October 28, 2021 (the "Proposed Acquisition"). The completion of the Loan Facility is subject to the parties entering into applicable definitive agreements and all requisite regulatory approvals. The Company intends to complete a concurrent brokered private placement of its common shares in connection with the Proposed Acquisition and the Loan Facility, the details of which will be announced in the near future.