<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM IMPAC
COMMERCIAL HOLDINGS, INC. QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED
SEPTEMBER 30, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> SEP-30-2000
<CASH> 11,013
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 451,347
<CURRENT-LIABILITIES> 96,963
<BONDS> 266,738
0
5
<COMMON> 63
<OTHER-SE> 87,578
<TOTAL-LIABILITY-AND-EQUITY> 451,347
<SALES> 0
<TOTAL-REVENUES> 27,089
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 2,395
<LOSS-PROVISION> 638
<INTEREST-EXPENSE> 18,850
<INCOME-PRETAX> 5,206
<INCOME-TAX> 0
<INCOME-CONTINUING> 5,206
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 5,206
<EPS-BASIC> 0.60
<EPS-DILUTED> 0.57
</TABLE>