NasdaqGS:ZIONBanks
Zions Expands Multifamily Reach With Basis Agency Lending Acquisition
Zions Bancorporation National Association (NasdaqGS:ZION) has agreed to acquire the Fannie Mae and Freddie Mac lending business of Basis Multifamily Finance.
The deal adds an agency multifamily platform to Zions’ existing commercial real estate and capital markets operations.
The transaction is aimed at broadening multifamily housing financing services for clients across the Western U.S.
Zions already has a presence in commercial real estate finance, and this move brings the government...