Commercial Real Estate Financial Expertise
Founded in 1972, Pacific Southwest Realty Services (PSRS) is one of the largest privately-held commercial mortgage banking firms in the Western United States. Our funding sources include major life insurance companies, banks, credit companies, CMBS and institutional investors.
Access to diverse capital sources insures a high level of success in arranging commercial real estate loans, apartment loans, mezzanine loans, and equity transactions that our clients have come to expect. Our long-term lending relationships give us greater latitude in solving problems and closing loans in a timely manner. After the loan funds, our experienced, in-house servicing team handles many issues such as assumptions, lease approvals, payoffs, insurance and many other similar matters.
We have funded a broad range of property types throughout a number of economic cycles and are confident that we can satisfy your financing needs.
PSRS represents life insurance companies, banks, private capital and other credit facilities seeking investment in real estate secured assets.
PSRS is a Correspondent for a select group of life insurance companies who provide capital for commercial real estate and multi-family loans of all sizes ($1 – $200 million)
Our team of professionals possess the depth of personnel and diversity of expertise to better meet the needs of our clients. We pride ourselves on our intense commitment to personal service. This philosophy of quality service has built many long-term relationships with real estate owners and institutional capital sources that have deepened through the cycles of the real estate market.
PSRS has closed financing transactions across the United States from offices located in San Diego, Los Angeles, Irvine, Santa Barbara, and Las Vegas.
PSRS MARKET INSIGHTS
Say there is a well-located retail property with very high vacancy and below market rents because the property has been mismanaged by owners who don’t get along or don’t have the money to bring in quality tenants. A bridge loan would give a new buyer the funds to acquire, renovate, and re-tenant the property without the same debt coverage constraints of a traditional lender. Perhaps there is an opportunity to change the use of a property from a low rent/sf industrial facility to a much higher rent/sf self-storage facility. A bridge lender can provide the borrower with the capital to convert the existing structure to the new use and see the business plan through. These bridge loans are provided by banks, debt funds, private lenders, and more recently, life insurance companies.
Trevor Blood joined PSRS in 2014 and currently holds the title of Vice President. He earned his bachelor’s degree from the University of Southern California in 2007. Prior to joining PSRS in 2014, Mr. Blood worked in investment sales and leasing in the office of Cassidy Turley (now Cushman & Wakefield), on the highest volume, sales and leasing brokerage team in San Diego. While at PSRS, Mr. Blood has successfully placed over $200 million of debt for assets located locally and nationally, through Life Companies, CMBS Lenders, Credit Unions and Banking relationships.
Small balance loans are defined as a loan made between $1-10 million. Borrowers typically do not think of life companies as contenders for loans of these sizes, as the perception is that the life companies focus primarily on loans from $5 million and up. Those loan requests then find homes with CMBS lenders, banks, or credit unions, who simply cannot offer some of the value that you will find through life company execution. As it turns out, life companies have a significant appetite for your loan requests from $1 million and up.