EXHIBIT 4(hhh) 

      Amendment to the Commitment Letter by and among Nomura Securities 
   International, Inc., Nomura Asset Capital Corporation and CRIIMI MAE Inc.
 



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                                     AMENDMENT

     This amendment is dated as March 28, 1995.  Reference is made to (i) the
Commitment Letter dated as of April 30, 1993 (the "April Commitment Letter") by
and among Nomura Securities International, Inc. ("NSI"), Nomura Asset Capital
Corporation ("NACC") and CRI Insured Mortgage Association, Inc. (now known as
CRIIMI MAE INC.) ("Criimi Mae"), as amended and (ii) the Commitment Letter dated
as of October 27, 1993 (the "October Commitment Letter" and together with the
April Commitment Letter, the "Commitment Letters") by and among NSI, NACC, and
Criimi Mae, as amended and (iii) each of the Committed Repurchase Agreements
subject to the Commitment Letters, as amended.  Terms not otherwise defined
herein shall have the meanings set forth in the Commitment Letters.


1.   Section 4(b) of each of Committed Repurchase Agreements subject to the
Commitment Letters are hereby deleted.

2.   Section 13(a)(xv) of each of the Committed Repurchase Agreements shall be
deleted in their entirety and replaced with the following:

     "Seller pledges, directly or indirectly, hypothecates or encumbers any of
     its assets or engages in repurchase transactions or similar transactions
     with any of its assets (excluding (i) assets already pledged under existing
     facilities, (ii) any assets required to be pledged for purposes of
     collateral maintenance under such facilities, (iii) subordinated debt
     securities subject to master repurchase agreements with financial
     institutions, and (iv) (A) Participation Certificates representing 100%
     interests in FHA-insured Mortgage Loans formerly pledged to NACC and (B)
     GNMA Securities formerly pledged to Canadian Imperial Bank of Commerce,
     purchased by German American Capital Corporation (or one of its
     affiliates), provided that (A) the aggregate indebtedness pursuant to (iii)
     above shall not exceed $100,000,000, (B) Seller has raised additional
     equity in an amount equal to no less than the initial margin amount for
     each transaction subject to (iii), provided, however, that Buyer
     acknowledges that Seller has, as of the date hereof, sufficient equity to
     invest in such transactions which incur up to an aggregate indebtedness of
     $50,000,000; (C) the pledge of any other assets of Seller pursuant to (iii)
     or (iv) above shall not cause an Event of Default hereunder, and (D) any
     equity that the Seller retains in any transaction set forth in (iii) above
     shall not be included in the calculations set forth in Section 13(a)(xiv)
     above), before notification to and written approval by Buyer, which
     approval shall not be unreasonably withheld."

3.   Except as amended herein, all other terms and conditions of the Commitment
Letters and the Facility Agreements, including amendments thereto, shall remain
in full force and effect.

     IN WITNESS WHEREOF, the parties hereto execute this amendment to the
Commitment Letters.

CRIIMI MAE Inc.               Nomura Securities International,
                               Inc.



By:/s/ William B. Dockser     By:/s/ William Rooney
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   Chairman
                              Nomura Asset Capital Corporation



                              By:/s/ William Rooney
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