- Zions Bancorporation will acquire Basis Investment Group’s agency lending business, including Fannie Mae and Freddie Mac programs.
- The acquisition brings agency lending expertise, mortgage servicing rights, and a specialized team to Zions.
- Zions and Basis have formed a strategic partnership to advance real estate financing and capital formation efforts.
- The deal strengthens Zions’ multifamily lending capabilities, targeting high-growth Western US markets.
Expanded Agency Lending Capabilities
Zions Bancorporation has agreed to acquire the agency lending operations of Basis Multifamily Finance I, LLC, a subsidiary of Basis Investment Group, reports Citybiz. The transaction includes all related access to Fannie Mae and Freddie Mac lending programs, mortgage servicing rights, and the transfer of Basis’ experienced team. This move positions Zions for growth in the multifamily lending segment and extends its commercial real estate product suite.
Strategic Partnership for Growth
Alongside the acquisition, Zions and Basis will enter a strategic partnership designed to enhance each firm’s real estate financing and capital markets activities. Both organizations emphasized a shared commitment to supporting workforce and affordable housing through expanded agency lending. The collaboration is expected to generate new opportunities, particularly in high-demand Western US markets served by Zions, at a time when rising multifamily delinquencies are putting added pressure on lending performance across the sector.
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Why It Matters
With this acquisition, Zions gains direct access to the Fannie Mae DUS® and Freddie Mac Optigo® programs, further strengthening its multifamily housing finance platform. This supports Zions’ strategy to address persistent housing supply and affordability challenges in its regional markets, aligning with wider economic development goals. The transaction is subject to customary closing conditions, including approvals from Fannie Mae and Freddie Mac.
What’s Next
Financial and legal advisors are guiding both sides as the deal progresses. Integration plans focus on seamless transfer of Basis’ agency lending operations and leveraging the new strategic partnership for future business growth. The acquisition further positions Zions to capitalize on agency lending momentum and evolving multifamily market dynamics.
