Applications / Mortgage Analytics / Lenders / Minnesota / JLL Real Estate Capital
St. Paul, MN · Non-bank or government lender · CFPB · 178 loans in 2025
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178
loans originated, 2025
199
applications, 2025
33
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
JLL Real Estate Capital makes few loans but very large ones: its typical loan was $15.6 million, and none records a borrower's income, which is possible when the borrower is a company rather than a family.
All its loans were conventional, and none records the borrower's income. Purchases made up 55.1% of its loans and refinances 39.3%. Its typical rate, 5.17%, was lower than at almost all similar lenders, those of the same type making between half and twice as many loans, but a comparison with lenders to households may not be like for like.
Its typical loan was $15.6 million, against $365,000 at similar lenders, larger than at about nineteen in twenty of them. Loans of that size, with no income recorded, may be loans on apartment buildings or other property owned by companies. If so, its dollar totals and market shares say little about how many households it serves; counts of loans are firmer ground.
It made 178 loans in 2025, down 8%, while similar lenders grew 7%. It has made between 162 and 230 loans a year since 2019, in 33 states. In 2025 it lent for the first time in Bend, Greenville in North Carolina and rural Utah.
It made 28.8% of its loans in low- and moderate-income neighborhoods, against 21.2% at peers, more than about seven in ten of them. Its share in majority-minority neighborhoods, 34.3%, was near the middle of its peers.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. JLL Real Estate Capital took 199 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 55.1% · Refinance 39.3% · Home improvement 5.6%
Conventional 100.0% · of 178 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Minnesota | 23 | 12.9% |
| Texas | 21 | 11.8% |
| California | 13 | 7.3% |
| Washington | 13 | 7.3% |
| Illinois | 12 | 6.7% |
| Oregon | 10 | 5.6% |
| Florida | 8 | 4.5% |
| New Mexico | 8 | 4.5% |
| Colorado | 7 | 3.9% |
| North Carolina | 7 | 3.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 17 |
| Chicago-Naperville-Schaumburg | 10 |
| Portland-Vancouver-Hillsboro | 10 |
| Albuquerque | 8 |
| Houston-Pasadena-The Woodlands | 8 |
| Dallas-Plano-Irving | 6 |
| Denver-Aurora-Centennial | 6 |
| Knoxville | 4 |
| Charlotte-Concord-Gastonia | 3 |
| Des Moines-West Des Moines | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300JQALY53TH22D13 | 2018–2025 |
Established 1 December 2008. Reported under HMDA 2018-2025.
Mergers, name changes, data editions and corrections: JLL Real Estate Capital's data.
JLL Real Estate Capital's data
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JLL Real Estate Capital and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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