A milestone has been reached for Pacific Southwest Realty Services (PSRS), as it celebrates its 50th anniversary this month. PSRS, established in 1972 as Pacific Southwest Mortgage, was founded by Daniel F. Mulvihill, focusing on the needs of his life insurance company clients, including mortgages (both agricultural and commercial), joint ventures, and developments. Today we have grown to over 60 employees and five Southern California office locations. PSRS has evolved to become one of the largest privately-held commercial mortgage banking firms in the Western United States.

Daniel J. Phelan, CEO, who originally joined PSRS in 1973 states:

Dan Mulvihill always said that he founded PSRS (Pacific Southwest Mortgage originally) “to make money and have fun, and not necessarily in that order”. PSRS was always a place where people came to learn the business and stay. Most of our employees have been here over 10 years, many 30 years and longer. Everyone who has come to work here has come for the opportunity to learn a trade and excel at what they wanted to do. I started as an assistant property manager on a property in our management portfolio (which grew to 4MM SF at one point) and went on to underwrite and appraise the deals we looked at. I eventually worked my way up to doing deals and taking care of customers and found my niche. I came to understand, through Dan’s and John’s guidance, that taking care of the customer was king and if you offered the greatest knowledge and best service, they would stay with you.

We are excited to be entering this milestone year with a capable team of mortgage professionals and deep lender relationships that have helped give us a competitive edge in representing our many client relationships. In 2021 PSRS originated $1.54 Billion in commercial and multi-family loans while growing our loan servicing portfolio to $6.4 Billion. Today all of us at PSRS are grateful for our many client and industry relationships, those who have put their trust in our capabilities as mortgage professionals, to source for them mortgage capital opportunities.

Feel free to reach out to us with any questions or with any opportunities that you would like to discuss with us!