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Basis Multifamily Finance (BMF) has closed three Freddie Mac conventional multifamily loans totaling $27.8M.

The firm is the first African American- and women-owned lender to obtain a DUS designation.

Basis Multifamily Finance I, LLC (Basis), a subsidiary of Basis Investment Group, LLC, (BIG) a national commercial real estate (CRE) investment platform founded by CEO Tammy Jones, announced that Fannie Mae has approved Basis as a DUS (Delegated Underwriting and Servicing) lender.

Basis Multifamily Finance I, LLC (“BMF”), a subsidiary of Basis Investment Group, LLC, (Basis) a national commercial real estate (CRE) investment platform founded by CEO Tammy K. Jones, announced today that the platform closed three Freddie Mac conventional multifamily loans totaling $27.8M.

Developers have secured $317 million in financing to complete phase one of The Crossings at Brick Church Station in East Orange, New Jersey.

A $500M Crossings at Brick Church mixed-use development has broken ground within the East Orange suburb of Newark, New Jersey.

Multiple private and public entities provided funding for Phase 1 of the transit-oriented property.