Zions Capital Markets Expands Multifamily Lending with Basis Acquisition and New Leadership — Zions Bancorporation, National Association

Event summary

Zions Capital Markets appointed Vince Toye as Managing Director, Head of Agency Multifamily Lending on August 31, 2026.
The move follows the acquisition of the agency lending platform from Basis Multifamily Finance I, LLC.
Toye joins from JPMorgan Chase, where he led Community Development Banking and Agency Lending.
The acquisition adds mortgage servicing rights and expands Zions' participation in Fannie Mae DUS and Freddie Mac Optigo programs.

The big picture

Zions Bancorporation is bolstering its commercial real estate capabilities through strategic acquisitions and leadership hires, positioning itself to compete more aggressively in the multifamily lending space. The move comes as demand for affordable housing financing remains strong, with government-sponsored enterprises playing an increasingly central role in the market. With $89 billion in assets as of 2025, Zions is expanding its product suite to better serve multifamily owners and developers nationwide.

What we're watching

Integration Success: How quickly Zions can integrate Basis's platform and team into its existing operations.
Market Penetration: Whether Toye's leadership can drive meaningful growth in multifamily lending market share.
Regulatory Dynamics: The impact of Fannie Mae and Freddie Mac program changes on Zions' new lending capabilities.