Basis Multifamily Finance Approved by Fannie Mae Mandate Underwriting and Servicing (DUS) to Offer MF Fannie Mae Loans

New York – ()– Basis Multifamily Finance I, LLC (“Basis”), a subsidiary of Basis Investment Group, LLC (BIG), is a national commercial real estate (CRE) investment platform founded by CEO Tammy K. Jones. Yes, today Fannie Mae (FNMA/OTCQB) has approved Basis as a DUS® (Delegated Underwriting and Servicing) lender. Basis, her nationally recognized CRE and multifamily lender and investor, adds the Fannie Mae DUS program to its diverse bond and equity product offerings for borrowers and partners.

The DUS Lender approval strengthens Basis’ reach in the agency lending business and allows it to build on its existing multi-family platform driven primarily by its partnership with Freddie Mac as an Optigo® Lender. Basis is currently the only African-American and Women-Owned (MWBE) Fannie Mae DUS lender, bringing even more diversity to the DUS platform.

BIG CEO and Founder Tammy K. Jones said: “This approval gives us a real shot at leveling the playing field so that we can truly compete in the agency space. It’s a natural step in our growth trajectory as we continue to build our platform.”

Mr Jones added that Basis’ approach of providing debt and equity across the capital stack and developing strategic partnerships that include minority depository institutions and qualified diverse borrowers and owners will enable Basis to provide all of Fannie Mae’s assets. It said it would be a unique partner in providing borrowers with access to credit. all markets.

Kunle Shoyombo, Chief Investment Officer and National Head of Production at Basis, said: “The addition of Fannie Mae’s lending capabilities to our platform will enable Basis to become a truly full-service lender, providing our borrowers and clients with the best lending solutions.”

Since its founding in 2009, BIG has been at the forefront of enacting and empowering change, incorporating ESG considerations into business and investment decisions. As one of the only African-American, female-majority-owned and led CRE and multifamily investment and lending platforms in the United States, Basis has a thoughtful and purposeful approach to diversity, equity and inclusion. It is a testament to the positive impact produced by Basis has significantly enhanced its due diligence, risk analysis, and environmental, social and governance (ESG) reporting processes to provide transparency to all Basis clients and stakeholders, as well as a forward-looking approach within the industry. further cementing the company as a change agent.

Michele Evans, Executive Vice President and Head of Multi-Family at Fannie Mae, said: “In addition to Basis’ extensive multi-family track record and institutional platform, Fannie Mae recognizes the unique lens Basis brings as a diverse lender and is pleased to welcome them to our roster of lending relationships. I am proud.”

Fannie Mae, a leading provider of financing for the multifamily market, supports affordable multifamily housing by providing financing for the acquisition or refinancing of individual properties or groups of properties.

In addition, Fannie Mae serves the commercial mortgage market primarily by obtaining multifamily loans from a national network of DUS Lender Partners. These loans are insured by several types of multifamily housing with five or more individual units, including multifamily housing, manufactured housing communities, senior housing, student housing, military housing, and cooperatives. increase. Fannie Mae securitizes these loans into Fannie Mae DUS Mortgage-Backed Securities (MBS), allowing lenders to auction the securities on the market. In addition, Fannie Mae participates in the secondary market, buying and selling DUS MBS and allowing investors to create Structured Securities backed by her DUS MBS.

About Basis Investment Group

Basis Investment Group is a diversified commercial real estate investment platform that invests across the entire US capital stack. With representation in New York, Chicago, Dallas, Tampa and Irvine, Calif., Basis has successfully completed over $5 billion in transactions across multiple strategies and asset classes focused on the U.S. middle market.

Basis is primarily focused on middle market investments with deep relationships. Basis is a registered investment manager that invests in both debt and equity strategies, including fixed rate senior mortgage loans, agency multifamily loans, bridge loans, mezzanine loans, preferred stock, structured equity, JV equity and B-piece investments. and lenders. Basis manages the capital of some of the nation’s largest public pension schemes, sovereign offices and family offices for both debt and equity strategies. For more information, see: www.basisinvgroup.com.

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