JLL remains top multi-housing lender for fifth consecutive year
Record volume posted by Fannie Mae and Freddie Mac in 2019
CHICAGO, February 12, 2020 – For the fifth consecutive year, JLL Capital Markets has been recognized as a top producer of affordable housing loans by Fannie Mae and Freddie Mac, the two largest U.S. housing finance sources.
JLL was ranked as the No. 1 Freddie Mac Affordable Housing Lender and No. 3 Fannie Mae Affordable Housing Lender, based upon 2019 nationwide production volume. JLL posted record affordable housing loan production of $1.8 billion across Fannie, Freddie and HUD in 2019.
“Once again, we are pleased to be recognized as a leader in affordable housing by both Freddie Mac and Fannie Mae, this time for 2019, which is testament to JLL’s commitment to the multifamily affordable housing market,” said Tim Leonhard, head of JLL’s Affordable Housing Agency Lending Team.
“JLL plans to remain focused on the affordable housing industry as it continues to grow its lending platform and continues to provide a full array of Agency financing services to the market rate, affordable, and seniors housing and healthcare industries,” added David Williams, Managing Director and Multifamily lead at JLL.
Freddie Mac led the targeted affordable multifamily housing market with overall volume of $10.1 billion, a 25% increase over record 2018 volume, followed closely by Fannie Mae who closed out 2019 with $7.8 billion in volume, an increase of 21% from 2018. In respect to the broader multi-housing market, Fannie Mae provided $70.2 billion in financing while Freddie Mac closed $78.4 billion in loans in 2019.
In addition to its work with Fannie Mae and Freddie Mac, JLL also provides financing to the multi-housing market through FHA loan programs, banks, life insurance companies, debt funds and other capital sources.
JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform. The division employs approximately 400 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 multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities. Agency/GSE lending and loan servicing are performed by Jones Lang LaSalle Multifamily, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license.
JLL 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 investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.