Pacific Southwest Reports 1st-Quarter Loss of $2,685

Pacific Southwest Corp., a Northridge-based real estate, mortgage banking and equipment leasing company, reported a loss of $2,685 in the fiscal first quarter that ended Oct. 31 on a 21% increase in revenues to $770,704. In the year-earlier quarter, the company earned $48,628 on $635,384 in revenues.

Jerry Fraschilla, Pacific Southwest’s president, said the loss in the latest quarter was due to the cost of integrating Midland Pacific Mortgage Corp., which it acquired in July, into the company’s existing mortgage operations.