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Did you know that approximately 75 percent of small multifamily loans are overlooked by traditional lenders? Once considered too cumbersome and time-consuming to deal with, Imperial Capital Express (a division of La Jolla-headquartered Imperial Capital Bank) has developed a proprietary, streamlined process to meet and serve this important market.

Imperial Capital Express, or "ICE" as it is better known, specializes in multifamily loans, including mobile home parks up to $3 million and commercial loans up to $1 million. As a nationwide direct lender, its simplified, yet comprehensive underwriting process delivers 30 to 45 day closings. ICE also offers an Express DOC program for qualified borrowers and funds A, B and C properties.

"From inquiry to closing, ICE takes the stress out of processing small multi-family and commercial loans. Our streamlined lending free borrowers and brokers from the typical headaches and hassles of small loan transactions. It's no wonder we've opened 15 new offices in the past two years. We've flat out ICE'd our competition!" according to Greg Kelsey, managing director and national sales manager.

Prior to Imperial Capital Express, several financial institutions attempted to enter the small income property lending arena only to exit, finding their returns unacceptable. That is why ICE's lending program is considered to be so exciting.

"We not only serve the needs of smaller multifamily and commercial loan borrowers, but we do it in a much more efficient manner than our competition," Kelsey continued. "Large banks and other financial institutions have not made the investments in technology and people necessary to make this a profitable business. As a result, they require so much time and paperwork that borrowers lose interest or balk at the transaction costs. That's where ICE steps in. Our program helps borrowers understand, afford and close their loans fast with minimal paperwork and zero hassles."

ICE loan programs consist of LIBOR-based adjustable rates with 1 percent semi-annual interest rate caps (no-negative amortization) and 30/30, 25/25, 20/20 and 15/15 term and amortizations. Additionally, ICE offers 3- and 5-year fixed, rolling to adjustable rates and recently added a generous broker rebate program with rebates up to 2 percentage points. Additionally, Imperial Capital Express is soon to roll out a longer-term, fixed-rate product with fixed terms as long as 15 years.

Imperial Capital Bank is a wholly owned subsidiary of ITLA Capital Corp. (Nasdaq: ITLA). ICE has five offices within California and 15 total nationwide. For more information, visit www.imperialcapitalexpress.com, www.imperialcapitalbank.com, www.itlacapital.com or contact a loan officer at (888) 879-4717.


Submitted by ITLA Capital Corp.

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