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
We sat down last week with a select number of our lenders at our PSRS Annual Lender Golf Tournament in Orange County to discuss the current and future state of the market and share insights into their current rates and programs. We had lenders from insurance companies, agencies, and conduits that provided us with a description of deals they’ve been doing as well as other valuable takeaways.
Dan Phelan joined PSRS in 1973 and currently holds the title of President and CEO. Dan attended Creighton University for his undergraduate studies, where he attained a Bachelor of Arts in Psychology. He has spent his entire 42-year career with PSRS where he has learned about property and construction management, leasing, real estate valuation, underwriting, and mortgage banking.
The U.S. Federal Reserve lowered its benchmark rate by 25 basis points to 2% – 2.5%, signaling the first downward adjustment of interest rates since the 2008 financial crisis. Federal Reserve Chairman Jerome Powell said the move is “not the beginning of a long series of rate cuts” but the Fed kept their options open by saying they will “act as appropriate to sustain the expansion.” While it doesn’t directly impact commercial real estate loans that aren’t Prime based, it does signal that this low-interest rate environment may continue.