Jones Lang Lasalle Multifamily Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300JQALY53TH22D13

Tax ID: 26-3894079

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Jones Lang Lasalle Multifamily is a mid-sized mortgage company specializing in Cash Out Refi and Home Purchase loans. Jones Lang Lasalle Multifamily has a high proportion of conventional loans. Their top markets include Dallas, Denver, Houston, New York, and Minneapolis among others. Jones Lang Lasalle Multifamily has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors.


Originations

223

Origination Dollar Volume (All Markets)

$4,675,905,000

Relative Rate

Jones Lang Lasalle Multifamily 's average 30 year fixed rate mortgage of loans were 3.76%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.61%.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 9 $501,455,000 $55,717,222 $0 1.83%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 11 $400,845,000 $36,440,455 $0 3.03%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $282,590,000 $23,549,167 $0 2.98%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 14 $188,420,000 $13,458,571 $0 3.19%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 12 $186,100,000 $15,508,333 $0 3.35%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $153,670,000 $25,611,667 $0 2.75%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 10 $148,010,000 $14,801,000 $0 3.08%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $147,695,000 $49,231,667 $0 1.86%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $147,285,000 $49,095,000 $0 2.86%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 7 $142,955,000 $20,422,143 $0 3.26%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 6 $137,240,000 $22,873,333 $0 3.21%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 17 $126,795,000 $7,458,529 $0 3.18%
BOISE CITY, ID (FHA|USDA|VA) 3 $126,215,000 $42,071,667 $0 3.42%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $122,600,000 $20,433,333 $0 3.21%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $115,620,000 $57,810,000 $0 2.74%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 4 $114,590,000 $28,647,500 $0 3.27%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $104,085,000 $34,695,000 $0 3.29%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 6 $96,620,000 $16,103,333 $0 3.23%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $86,110,000 $21,527,500 $0 3.55%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $84,010,000 $42,005,000 $0 3.14%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $78,830,000 $39,415,000 $0 2.96%
EL PASO, TX (FHA|USDA|VA) 2 $71,360,000 $35,680,000 $0 3.40%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $65,280,000 $32,640,000 $0 2.69%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $63,715,000 $21,238,333 $0 3.05%
OKLAHOMA CITY, OK (FHA|USDA|VA) 5 $53,455,000 $10,691,000 $0 3.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $46,005,000 $46,005,000 $0 2.17%
SIOUX FALLS, SD (FHA|USDA|VA) 2 $44,270,000 $22,135,000 $0 3.17%
SAVANNAH, GA (FHA|USDA|VA) 1 $40,105,000 $40,105,000 $0 2.96%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $39,860,000 $19,930,000 $0 2.72%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $37,725,000 $37,725,000 $0 2.62%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $36,245,000 $36,245,000 $0 3.24%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $32,695,000 $10,898,333 $0 3.34%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $32,630,000 $16,315,000 $0 4.43%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $32,345,000 $32,345,000 $0 2.79%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $31,955,000 $31,955,000 $0 2.34%
FORT WAYNE, IN (FHA|USDA|VA) 1 $31,005,000 $31,005,000 $0 3.22%
MADISON, WI (FHA|USDA|VA) 1 $28,275,000 $28,275,000 $0 2.73%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $26,495,000 $26,495,000 $0 2.98%
Helena, MT (FHA|USDA|VA) 3 $26,015,000 $8,671,667 $0 4.78%
RICHMOND, VA (FHA|USDA|VA) 1 $23,005,000 $23,005,000 $0 3.19%
RENO, NV (FHA|USDA|VA) 2 $22,880,000 $11,440,000 $0 3.36%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $22,785,000 $7,595,000 $0 3.45%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $22,355,000 $22,355,000 $0 3.22%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $21,435,000 $21,435,000 $0 2.90%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $21,150,000 $10,575,000 $0 4.53%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $19,440,000 $9,720,000 $0 3.70%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $17,505,000 $17,505,000 $0 2.89%
BILLINGS, MT (FHA|USDA|VA) 2 $17,130,000 $8,565,000 $0 3.43%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $17,045,000 $17,045,000 $0 3.11%
BURLINGTON, NC (FHA|USDA|VA) 1 $16,965,000 $16,965,000 $0 3.15%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $16,270,000 $8,135,000 $0 2.95%
ALTOONA, PA (FHA|USDA|VA) 1 $15,725,000 $15,725,000 $0 3.35%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $13,655,000 $13,655,000 $0 3.05%
Breckenridge, CO (FHA|USDA|VA) 1 $13,415,000 $13,415,000 $0 3.11%
Outside of Metro Areas 1 $11,625,000 $11,625,000 $0 2.79%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $11,145,000 $11,145,000 $0 3.22%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $11,115,000 $11,115,000 $0 2.90%
PEORIA, IL (FHA|USDA|VA) 1 $11,055,000 $11,055,000 $0 2.90%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $10,730,000 $5,365,000 $0 3.33%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $10,195,000 $3,398,333 $0 4.29%
SALINAS, CA (FHA|USDA|VA) 1 $10,005,000 $10,005,000 $0 3.14%
Red Wing, MN (FHA|USDA|VA) 1 $9,405,000 $9,405,000 $0 3.09%
Richmond-Berea, KY (FHA|USDA|VA) 1 $9,285,000 $9,285,000 $0 3.30%
COLUMBUS, OH (FHA|USDA|VA) 2 $9,240,000 $4,620,000 $0 3.81%
PROVO-OREM, UT (FHA|USDA|VA) 1 $9,175,000 $9,175,000 $0 3.56%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $8,945,000 $8,945,000 $0 3.74%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $8,805,000 $8,805,000 $0 3.23%
FRESNO, CA (FHA|USDA|VA) 1 $8,195,000 $8,195,000 $0 3.80%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $8,065,000 $8,065,000 $0 2.94%
GADSDEN, AL (FHA|USDA|VA) 1 $4,405,000 $4,405,000 $0 3.30%
TULSA, OK (FHA|USDA|VA) 1 $3,505,000 $3,505,000 $0 5.48%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $3,165,000 $3,165,000 $0 4.01%
Bozeman, MT (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 4.57%
SPARTANBURG, SC (FHA|USDA|VA) 1 $1,495,000 $1,495,000 $0 5.64%
Emporia, KS (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 5.63%
WICHITA, KS (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 5.63%

Jones Lang Lasalle Multifamily 's top markets include Dallas, Denver, Houston, New York, and Minneapolis among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 223 $4,675,905,000 $20,968,184 $0 3.20%

For the 2021 period, Jones Lang Lasalle Multifamily 's most frequently originated loan type of loans were Conventional, with 223 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 115 $1,896,145,000 $16,488,217 $0 3.20%
Home Purchase 87 $2,490,385,000 $28,625,115 $0 2.97%
Home Improvement 12 $38,030,000 $3,169,167 $0 5.05%
Refi 9 $251,345,000 $27,927,222 $0 2.98%

For the 2021, Jones Lang Lasalle Multifamily 's most frequently cited loan purpose of loans were Cash Out Refi, with 115 originations. The 2nd most popular reason of loans were Home Purchase, with 87 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
10 Year 156 $3,769,450,000 $24,163,141 $0 3.06%
Other 62 $815,970,000 $13,160,806 $0 3.52%
15 Year 3 $46,445,000 $15,481,667 $0 3.60%
30 Year 2 $44,040,000 $22,020,000 $0 3.76%

For the 2021, Jones Lang Lasalle Multifamily 's most frequently cited loan length of loans were 10 Year, with 156 originations. The 2nd most popular length of loans were Other, with 62 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 114 $1,701,000,000 $14,921,053
2.5-3% 69 $1,840,605,000 $26,675,435
<2.5% 19 $985,215,000 $51,853,421
4-5% 14 $134,010,000 $9,572,143
5-6% 7 $15,075,000 $2,153,571

During 2021, Jones Lang Lasalle Multifamily 's average interest rate of loans were 3.76%, while their most frequently originated rate bucket of loans were 3-4%, with 114 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 222 $4,674,930,000 $21,058,243 $0 3.19%
$600k-1MM 1 $975,000 $975,000 $0 5.24%

2021 saw Jones Lang Lasalle Multifamily place emphasis on $1MM+ loans with 222 originations, totaling $4,674,930,000 in origination value.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 223 $4,675,905,000 $20,968,184 $0 3.20%

Approval Rates

Total approvals of all applications
99.60%

Jones Lang Lasalle Multifamily has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
90.66%

Jones Lang Lasalle Multifamily has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 223 $4,675,905,000 $20,968,184

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
223 $4,675,905,000 $20,968,184

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 8 $32,690,000 $4,086,250 $0 4.02%
40-60% 53 $959,285,000 $18,099,717 $0 3.20%
60-80% 134 $3,164,330,000 $23,614,403 $0 3.06%
80-100% 10 $208,070,000 $20,807,000 $0 3.23%
Over 100% 11 $292,175,000 $26,561,364 $0 3.04%
Under 20% 7 $19,355,000 $2,765,000 $0 5.11%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
JMAC LENDING INCORPORATED Conventional home mortgage Closing on a mortgage 1 100.0%