The market is full of uncertainties, but one thing remains clear: multifamily is a huge driver in commercial real estate. As potential tax reforms stand to impact deal financings and evolving demographics create different needs, JLL stands out for its work in financing market rate and affordable housing as a partner with the experience and flexibility to navigate this sea of change.
In 2016, JLL closed more than $8.7 billion of multifamily financing transactions, which included more than $1.7 billion in loans made through Freddie Mac’s programs.
Determined by nationwide production volumes in 2016, Fannie Mae, Freddie Mac and Affordable Housing Finance have all recognized JLL’s Capital Markets’ experts for their industry leading performance in 2016, with the following awards:
- 2016 Best Fannie Mae Affordable Housing Underwriting
- No. 1 Freddie Mac Top Targeted Affordable Housing Lender in 2016
- No. 4 Fannie Mae DUS Producer for Multifamily Affordable Housing in 2016
- No. 6 Lender, according to Affordable Housing Finance
“As our multifamily expertise expands to keep up with heavy demand, we’re also revving up our ambitions in the affordable housing space,” said International Director Brian Kelleher. “JLL’s status as one of Fannie Mae’s top five lenders for the past two years, and our recognition as Freddie Mac’s top affordable lender last year, show our commitment to combining good business with a critical housing mission.”
Added Tim Leonhard, JLL International Director, “We pride ourselves on being able to meet all of our clients’ needs, and partnering with Freddie Mac and Fannie Mae allows us to deliver even more. The affordable housing marketplace is facing challenges as a decrease in tax credit pricing, rising interest rates and diminishing subsidies across the board hamper demand. We look forward to developing new products to preserve liquidity in the marketplace.”