Location: Atlanta, GA
Initial Investment Date: 4/6/2000
HomeBanc Mortgage Corporation (NYSE: HBMC) was a publicly traded residential mortgage real estate investment trust holding a leveraged portfolio of prime mortgage loans. HomeBanc originated loans through a retail network of stores and strategic marketing alliances. The company focused on select markets within Georgia, Florida and North Carolina and sought to meet or exceed client expectations with point-of-service technology, innovative products and a consultative approach to delivering creative solutions to its customers.
In May 2000, GTCR partnered with the management team (led by the current CEO Patrick Flood) of First Tennessee Bank’s mortgage division to buy First Tennessee’s mortgage operations. In July 2004, HomeBanc completed an IPO as a REIT.