CHICAGO - Republic Realty Mortgage Corp., a Chicago-based commercial mortgage banker, has purchased the commercial real estate investment banking group of NationsBanc Mortgage Corp.
Terms were not disclosed. Republic Realty said the acquisition will increase its conventional-loan servicing portfolio to $5.8 billion.
Republic Realty said the acquisition fits its strategic plan to expand. NationsBanc Mortgage, based in Richmond, Va., is a residential mortgage servicing subsidiary of NationsBank Corp.