With Fannie Mae and Freddie Mac posting banner years and the demand for affordable housing at an all-time high, the need for multifamily financing options has never been greater. Both Fannie Mae and Freddie Mac have recognized JLL’s Capital Markets experts as a top lender in 2015, including:
- No. 1 Fannie Mae lender in total loan volume of Delegated Underwriting and Servicing (DUS®) affordable housing loan originations
- No. 1 Freddie Mac lender in total number of closed affordable housing loans
- No. 2 Freddie Mac lender in total loan volume of affordable housing loan originations
All rankings were determined by 2015 nationwide production volume.
In 2015, JLL (including the former Oak Grove Capital, acquired in November) closed $7.2 billion in multifamily financings, including $2.6 billion in affordable housing loans.
“We at JLL believe that the creation and preservation of safe and high-quality affordable housing is vital to the sustainability of many local communities throughout the country. Meaningful participation in the affordable housing industry not only has great appeal to us from a social perspective but also makes great business sense as we expect demand for affordable housing to continue to grow,” said Dave Williams, International Director and Multifamily lead at JLL.
Added Tim Leonhard, JLL International Director, “Affordable housing is a major priority for some of our key lending partners, including Fannie Mae and Freddie Mac, and their products allow us to be in a position to serve as many of our customers’ needs as possible. Given our extensive experience in affordable housing and our strong track record with our lending partners, we have been successful in executing with great certainty and have played a major role in the development and execution of new and innovative products to serve an ever-changing and dynamic affordable housing market.”
In addition to being recognized as a top lender by Fannie Mae and Freddie Mac, JLL was also recently ranked as the fifth largest affordable housing lender of 2015 by Affordable Housing Finance.
International Director, U.S. Capital Markets, JLL