Jones Lang Lasalle Multifamily Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300JQALY53TH22D13
Tax ID: 26-3894079
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Mortgage Data
Review & Overview
Jones Lang Lasalle Multifamily is a small mortgage company specializing in Home Purchase and Cash Out Refi loans. Jones Lang Lasalle Multifamily has a high proportion of conventional loans. Their top markets by origination volume include: New York, Atlanta, Washington, Miami, and Minneapolis among others. We have data for 73 markets. (Some data included below & more in-depth data is available with an active subscription.)Jones Lang Lasalle Multifamily has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Cash-out Refi | 6.27% | 12/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Jones Lang Lasalle Multifamily Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
162Origination Dollar Volume (All Markets)
$2,597,440,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 8 | $271,770,000 | $33,971,250 | $0 | 3.57% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 11 | $241,185,000 | $21,925,909 | $0 | 3.90% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $162,385,000 | $23,197,857 | $0 | 3.71% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $149,600,000 | $37,400,000 | $0 | 4.22% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 9 | $134,605,000 | $14,956,111 | $0 | 3.76% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 7 | $128,885,000 | $18,412,143 | $0 | 3.81% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $118,810,000 | $11,881,000 | $0 | 4.27% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $85,545,000 | $28,515,000 | $0 | 3.61% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $80,825,000 | $26,941,667 | $0 | 3.96% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $74,255,000 | $74,255,000 | $0 | 4.40% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $67,315,000 | $22,438,333 | $0 | 3.93% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $60,610,000 | $30,305,000 | $0 | 4.09% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $58,480,000 | $14,620,000 | $0 | 4.41% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $49,890,000 | $24,945,000 | $0 | 4.15% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $49,570,000 | $12,392,500 | $0 | 3.54% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $43,355,000 | $14,451,667 | $0 | 4.01% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $40,765,000 | $13,588,333 | $0 | 4.32% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $37,155,000 | $37,155,000 | $0 | 4.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $35,735,000 | $11,911,667 | $0 | 4.37% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 4 | $31,840,000 | $7,960,000 | $0 | 4.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $30,500,000 | $15,250,000 | $0 | 4.09% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $28,915,000 | $28,915,000 | $0 | 3.61% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $27,405,000 | $27,405,000 | $0 | 4.04% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $25,905,000 | $25,905,000 | $0 | 4.47% |
| LAREDO, TX (FHA|USDA|VA) | 2 | $24,010,000 | $12,005,000 | $0 | 3.63% |
| TULSA, OK (FHA|USDA|VA) | 2 | $23,100,000 | $11,550,000 | $0 | 4.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $22,185,000 | $22,185,000 | $0 | 3.70% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $19,205,000 | $19,205,000 | $0 | 4.73% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $18,240,000 | $9,120,000 | $0 | 4.61% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $17,985,000 | $5,995,000 | $0 | 4.35% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $17,115,000 | $17,115,000 | $0 | 4.02% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $16,135,000 | $16,135,000 | $0 | 4.43% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $16,005,000 | $16,005,000 | $0 | 4.10% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $15,905,000 | $15,905,000 | $0 | 3.73% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $15,845,000 | $15,845,000 | $0 | 3.76% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $15,815,000 | $15,815,000 | $0 | 3.81% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $15,510,000 | $7,755,000 | $0 | 4.54% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $15,395,000 | $15,395,000 | $0 | 4.57% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $14,975,000 | $14,975,000 | $0 | 3.86% |
| WACO, TX (FHA|USDA|VA) | 1 | $14,005,000 | $14,005,000 | $0 | 4.19% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $13,845,000 | $13,845,000 | $0 | 3.81% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $13,405,000 | $13,405,000 | $0 | 3.34% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $13,185,000 | $13,185,000 | $0 | 3.59% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $12,955,000 | $4,318,333 | $0 | 3.83% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $12,255,000 | $12,255,000 | $0 | 4.34% |
| MADISON, WI (FHA|USDA|VA) | 2 | $12,170,000 | $6,085,000 | $0 | 4.24% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $11,745,000 | $11,745,000 | $0 | 4.68% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $11,345,000 | $11,345,000 | $0 | 4.03% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $11,175,000 | $11,175,000 | $0 | 4.20% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $10,705,000 | $10,705,000 | $0 | 3.64% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $10,330,000 | $5,165,000 | $0 | 4.71% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $10,205,000 | $10,205,000 | $0 | 4.20% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $10,110,000 | $5,055,000 | $0 | 4.51% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $10,065,000 | $10,065,000 | $0 | 3.50% |
| Torrington, CT (FHA|USDA|VA) | 3 | $9,585,000 | $3,195,000 | $0 | 4.35% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $9,305,000 | $9,305,000 | $0 | 3.57% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $9,255,000 | $9,255,000 | $0 | 4.12% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $8,755,000 | $8,755,000 | $0 | 3.62% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $8,535,000 | $8,535,000 | $0 | 3.28% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $8,260,000 | $4,130,000 | $0 | 3.55% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $8,255,000 | $8,255,000 | $0 | 3.70% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $7,575,000 | $7,575,000 | $0 | 3.89% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $7,465,000 | $7,465,000 | $0 | 3.83% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $6,435,000 | $6,435,000 | $0 | 3.82% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $6,105,000 | $6,105,000 | $0 | 3.82% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $4,755,000 | $4,755,000 | $0 | 3.35% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $4,655,000 | $4,655,000 | $0 | 3.84% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $3,935,000 | $3,935,000 | $0 | 4.17% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $3,855,000 | $3,855,000 | $0 | 4.09% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 2 | $3,540,000 | $1,770,000 | $0 | 4.79% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $3,410,000 | $1,705,000 | $0 | 4.58% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $2,165,000 | $2,165,000 | $0 | 5.23% |
| Wilson, NC (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $0 | 5.32% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 162 | $2,597,440,000 | $16,033,580 | $0 | 4.02% |
For 2019, Jones Lang Lasalle Multifamily's most frequently originated type of loan was Conventional, with 162 originations.
Loan Reason
For 2019, Jones Lang Lasalle Multifamily's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Cash Out Refi, with 52 originations.
Loan Duration/Length
For 2019, Jones Lang Lasalle Multifamily's most frequently cited loan duration was 10 Year, with 75 originations. The 2nd most popular length was Other, with 71 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 84 | $1,584,460,000 | $18,862,619 |
| 4-5% | 73 | $1,003,855,000 | $13,751,438 |
| 5-6% | 5 | $9,125,000 | $1,825,000 |
During 2019, Jones Lang Lasalle Multifamily's average interest rate for loans was 5.46%, while their most frequently originated rate bucket for loans was 3-4%, with 84 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 161 | $2,596,855,000 | $16,129,534 | $0 | 4.01% |
| $400k-600k | 1 | $585,000 | $585,000 | $0 | 5.01% |
2019 saw Jones Lang Lasalle Multifamily place emphasis on $1MM+ loans with 161 originations, totaling $2,596,855,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 162 | $2,597,440,000 | $16,033,580 | $0 | 4.02% |
Approval Rates
Total approvals of all applications99.42%
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 origination95.06%
Jones Lang Lasalle Multifamily has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 162 | $2,597,440,000 | $16,033,580 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Manufactured | 3 | $24,805,000 | $8,268,333 |
| Multifamily:Site-Built | 159 | $2,572,635,000 | $16,180,094 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| JMAC LENDING INCORPORATED | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| JMAC LENDING INCORPORATED | Conventional home mortgage | Closing on a mortgage | 2 | 50.0% |
| JMAC LENDING INCORPORATED | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |