Fitch Awards 1st 'Small Loan' CMBS Servicer Rating

Published May 27, 2004, 2:00 p.m. EDT

1 Min Read

Imperial Capital Bank has received a CPS3 Small Loan rating from Fitch Ratings for primary servicing of commercial mortgage-backed securities, the first such rating given out by the rating agency.Fitch said the rating reflects ICB's experienced servicing management staff and its longtime experience as a servicer of small-balance commercial mortgage loans. However, Fitch also noted that ICB has not yet acted as a CMBS primary servicer and has no CMBS reporting experience. ICB is a California state-chartered commercial bank based in La Jolla. As of March 31, ICB serviced 1,493 commercial real estate loans with a cumulative balance of $1.4 billion. Fitch can be found online at http://www.fitchratings.com.

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