JLL secures top position in debt origination for 2025

CHICAGO, Apr. 2, 2026 - JLL (NYSE: JLL) has been ranked as the leading debt originator by volume, according to year-end 2025 data compiled by the Mortgage Bankers Association (MBA). JLL (combined with predecessor firm HFF) has been ranked as the top originator for the 10^th year in a row and the top intermediary for more than 16 years.

In 2025, JLL arranged $98 billion in 2,204 total originations, representing a 32% increase in volume from 2024. Along with being ranked as the top originator by volume overall, JLL was also the number one originator for insurance companies, investor-driven lenders (REITs, debt funds and SMAs), multifamily, multifamily-conventional, retail, industrial and first lien.

"Being recognized as the industry's leading debt originator for over a decade speaks to the caliber of talent across our platform and the enduring partnerships we've cultivated with clients and capital providers alike," said Trey Morsbach, Executive Managing Director and co-head of JLL's Debt and Equity Advisory platform.

"This sustained performance drives us to continue raising the bar and setting new standards for excellence in commercial real estate finance,” added Danny Kaufman, Senior Managing Director and co-head of JLL’s Debt and Equity Advisory platform.

JLL successfully advised on a variety of landmark debt and equity advisory transactions in 2025, including the $1.2 billion refinancing of NorthParkCenter in Dallas, Texas; the $1.125 billion refinancing of 3 Bryant Park in New York, New York; the $820 million refinancing of the  multi-state CIP Industrial Portfolio; the $650 million refinancing of One Congress in Boston, Massachusetts; the $370 million refinancing of Society Brooklyn in Brooklyn, New York; the $300 million refinancing of the Omni Nashville in Nashville, Tennessee and the $151 million acquisition financing of Seacliff Village in Huntington Beach, California.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.