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Zions bank expands apartment lending business; Pittsburgh tower loan faces refinancing pressure; Rising rates squeeze those looking to refinance

A weekly look at the commercial mortgage-backed securities business
A Basis Investment Group subsidiary originated a $9.3 million loan for Fannie Mae to refinance the 164-unit Lenox apartments in Houston. (CoStar)
A Basis Investment Group subsidiary originated a $9.3 million loan for Fannie Mae to refinance the 164-unit Lenox apartments in Houston. (CoStar)
CoStar News
March 26, 2026 | 2:08 P.M.

This week's column examines how a Utah bank is expanding its multifamily lending, a landmark Pittsburgh tower facing maturity risk and rising rates hurting borrowers' ability to refinance. Read the entire piece by clicking "read more" below.

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