The requested news item does not exist. Please return to News
Seller/Servicer territories now include Southeast, Mid-Atlantic and Texas
HOUSTON, Sept. 10, 2012 – As part of its ongoing commitment to serve clients as a nationwide multifamily leader, Jones Lang LaSalle today announced the firm has been approved as a Multifamily Program Plus® Seller/Servicer in the state of Texas. This approval marks the firm’s continuing commitment to grow its relationship with Freddie Mac, as a part of a highly selective group of 24 experienced multifamily lenders across the nation that meet the agency lender’s standards for both the origination and servicing of loans. In addition to Texas, Jones Lang LaSalle’s approved seller servicer territories also include the Mid-Atlantic and Southeast regions.
Tom Fish, Executive Managing Director and co-leader of the Real Estate Investment Banking team, said, “This is a natural extension of our commitment to grow strategically in all aspects of the multifamily space. From project inception to sale, not only can we secure the equity, construction and permanent debt that is most suited to our clients’ needs, we also provide a comprehensive, market-based exit strategy through our national multifamily investment sales force, led by Managing Director Jubeen Vaghefi.”
Jones Lang LaSalle’s Freddie Mac Program Plus® lending business is led by Faron Thompson, Managing Director, Jones Lang LaSalle’s Capital Markets. The Texas portion of the platform includes a dedicated team of Capital Markets professionals who have a long history of originating, underwriting and closing Freddie Mac business. “Our knowledge of Freddie Mac’s programs and their trust in us to originate loans in Texas reflects many years of collaboration and successful partnership with Freddie Mac,” said Executive Vice President Holly Minter, who will be focusing much of her efforts on this initiative.
“Freddie Mac has exacting criteria for membership in this highly exclusive club of lenders across the country and we are pleased to expand our expertise into the state of Texas,” said Thompson. “The capabilities of our loan servicing platform will allow us to grow our overall multifamily business, providing even more customized responses to borrowers’ and lenders’ needs.”
Jones Lang LaSalle has a long history of serving clients with a national debt and equity platform that includes debt/equity origination and placement, equity fund raising, asset resolution strategies, loan/note sales and investment advisory services. The firm added multifamily mortgage lending and servicing capabilities with the acquisition of Primary Capital Advisors’ commercial real estate lending and servicing group in early 2011. From the beginning of 2011 to the end of the first half of 2012, Jones Lang LaSalle’s Capital Markets experts have closed 149 multifamily sales totalling more than $3.5 billion and financed 67 Freddie Mac-sourced loans, totalling more than $1.2 billion.
Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2011 alone, Jones Lang LaSalle Capital Markets completed $60 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $52 billion in global investment sales and buy-side transactions, equating to nearly $216 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its total Capital Markets volumes by 122 percent in 2011 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises more than 1,200 specialists, operating all over the globe.
For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center Web page. Bookmark it here: http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/News.aspx
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
+1 312 228 2139
+1 312 228 3127