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Impac Commercial Loses $13.2 Million

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Impac Commercial Holdings Inc., a Santa Ana real estate investment trust, said it lost $13.2 million, or $1.32 a share, for the third quarter of 1998, which included a noncash charge of $15 million. For the 1997 third quarter, net income was $2.1 million, or 38 cents a share.

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