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JLL Capital Markets, Multifamily recognized in top rankings for Fannie Mae and Freddie Mac loan origination
CHICAGO, March 29, 2018 – JLL's Capital Markets experts have for the third consecutive year been recognized as top producers(1) of multifamily loans, including affordable and seniors housing, by the country's two largest housing finance sources.
Among JLL's achievements recognized in the multifamily lending sector in 2017:
Fannie Mae's Seniors Housing program saw volume of $5.5 billion in 2017, part of a record year, where Fannie Mae provided more than $67 billion in financing to multifamily sector and supported over 750,000 multifamily units. Freddie Mac made $73.2 billion in loans last year, financing approximately 820,000 units, of which 83 percent of eligible units were affordable to low- and moderate-income households.
In addition to its work with Fannie Mae and Freddie Mac, JLL also provides financing to the multifamily market through FHA loan programs and an expansive network of banks, life companies and debt funds. JLL completed $11.5 billion in multifamily financings in 2017.
JLL delivers multifamily investors a full range of solutions through one diverse, integrated platform. The division employs over 200 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors. JLL is also one of the nation's largest affordable and conventional multifamily and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
(1) Agency/GSE lending and loan servicing are performed by Jones Lang LaSalle Multifamily, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.
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