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Fitch Ratings has given Imperial Capital Bank the first primary servicer rating specifically designated for management of small loans in commercial mortgage backed securities.
ICB received a "CPS3 Small Loans" rating from Fitch, making the company eligible to serve as a primary servicer of loans packaged into commercial mortgage-backed securities.
ICB is a state-chartered commercial bank headquartered in La Jolla, Calif. Its parent company is ITLA Capital Corp.
As of March 31, ICB's real estate loan servicing portfolio consisted of 1,493 loans totaling $1.4 billion. ICB is not currently a primary servicer on any CMBS loans.
Rich Carlson, an analyst in Fitch's Chicago ...