JLL ranked as the top commercial/multifamily debt originator in 2023

CHICAGO, Apr. 3, 2024 - JLL (NYSE: JLL) has been ranked as the leading commercial / multifamily debt originator by volume, according to year-end 2023 data compiled by the Mortgage Bankers Association (MBA). This is the 11^th year that JLL (combined with predecessor firm HFF) has been ranked as the top originator.

In 2023, JLL arranged $64 billion in 1,531 total debt originations. Along with being ranked as the top originator by volume overall, JLL was also the number one originator for insurance companies, investor driven lenders, depositories, multifamily, retail, industrial, other property types, first lien financings and seconds/mezzanine/preferred equity structures.

“We want to extend our gratitude to our clients, who even in challenging times, continue to put their trust in us to advise them through this dynamic capital markets environment,” said Trey Morsbach, Executive Managing Director and co-head of JLL’s Debt and Equity Advisory platform. “This is also a reflection of the hard work and collaboration of our JLL colleagues, who continue to work tirelessly for our clients in these uncertain times.”  

JLL advised on numerous landmark debt and equity advisory transactions, including some of the largest construction loans across the U.S. in 2023 as well as more than 100 joint ventures. Sample transactions include the $425 million refinancing of the Miracle Mile Shops in Las Vegas; the $375 million acquisition financing for a mixed-use campus in San Diego; the $520 million capitalization for a waterfront mixed-use development in Brooklyn; the $750 million construction financing for a mixed-use project near Harvard University in Allston, Massachusetts; and the $869 million refinancing of a 25-asset national industrial portfolio.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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