Imperial Credit Commercial Mortgage Investment Corp. reported Wednesday that on June 29 it terminated the $300 million warehouse line of credit previously provided by an affiliate of Prudential Securities Inc.

The company said its financial position as of June 30 reflected strong liquidity, with no outstanding short-term borrowings.

By terminating the warehouse line before June 30, the company said it avoided incurring certain fees.

Imperial Credit also announced that during the second quarter it had resold certain mortgage loans to Southern Pacific Bank and Franchise Mortgage Acceptance Co.

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