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                                                                   Exhibit 99(o)

                                                      ENTERED
                                                  APR 05 1999
                                               CLERK'S OFFICE
                                        U.S. BANKRUPTCY COURT
                                         DISTRICT OF MARYLAND
                                                    GREENBELT
                                             [STAMP OF COURT]

                      IN THE UNITED STATES BANKRUPTCY COURT
                          FOR THE DISTRICT OF MARYLAND
                              (Greenbelt Division)

In re:                               *

CRIIMI MAE INC., et al.,             *        Bankruptcy No. 98-2-3115-DK
                                                   (Chapter 11)
                  Debtors.           *        (Jointly Administered)

 *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *

                   SUPPLEMENTAL STIPULATION AND CONSENT ORDER
                  REGARDING MORTGAGE LOAN ORIGINATION AGREEMENT
                         WITH CITICORP REAL ESTATE, INC.

                  Upon the  consent of CRIIMI MAE Inc.  ("CMI"),  Citicorp  Real
Estate,  Inc.,  the  Official  Committee  of  Unsecured  Creditors  of CMI  (the
"Unsecured  Committee") and the Official Committee of Equity Security Holders of
CMI (the  "Equity  Committee")  to the limited  relief set forth  herein,  it is
hereby stipulated and agreed as follows:

                  1. The second  sentence of Paragraph 2 of the  Stipulation and
Consent Order Regarding  Mortgage Loan Origination  Agreement with Citicorp Real
Estate,  Inc. (the  "Mortgage  Loan  Stipulation  and Consent  Order") is hereby
amended to insert the Equity Committee in addition to the Unsecured Committee in
said  sentence.  The  second  sentence  of  Paragraph  2 


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of the Mortgage Loan Stipulation and Consent Order is accordingly amended to
read as follows:

                  "CREI and CMI agree that (i) CREI may engage  Secured  Capital
                  Corp. or such other entity  mutually  acceptable to CREI, CMI,
                  the Unsecured  Committee and the Equity  Committee (the "Sales
                  Agent") on commercially  reasonable terms satisfactory to CREI
                  to market  and  arrange  a sale of the  Loans on  commercially
                  reasonable  terms and  consistent  with this  Stipulation  and
                  Order, and (ii) the Sales Agent may sell the Loans to multiple
                  purchasers, provided that all the Loans are sold."

                  2. The sixth  sentence  in  Paragraph 3 of the  Mortgage  Loan
Stipulation  and Consent Order is hereby amended to insert the Equity  Committee
in addition to the Unsecured  Committee in said sentence.  The sixth sentence of
Paragraph 3 of the Mortgage Loan  Stipulation  and Consent Order is  accordingly
amended to read as follows:

                  "Within ten (10) business days  following the Effective  Date,
                  CMSLP shall provide servicing termination letters to an escrow
                  agent mutually agreed upon by CREI and CMI, which escrow agent
                  shall be directed to release such letters  immediately  to the
                  borrowers under the Loans after receipt of written notice from
                  CREI (copies of which notice shall be simultaneously  provided
                  to counsel for CMI,  the  Unsecured  Committee  and the Equity
                  Committee by facsimile  transmission) of the occurrence of the
                  sale of the Loans."

                  3.  Paragraph 8 of the Mortgage Loan  Stipulation  and Consent
Order is hereby  amended to insert  the  Equity  Committee  in  addition  to the
Unsecured  Committee in each place that the Unsecured  Committee appears in that
paragraph.  The first paragraph of Paragraph 8 of the Mortgage Loan  Stipulation
and Consent Order is accordingly amended to read as follows:


                                       2

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                           "CREI shall consult with CMI, the Unsecured Committee
                  and the Equity Committee  regarding general hedging strategies
                  with respect to the Loans. CREI may, after prior  notification
                  to CMI,  the  Unsecured  Committee  and the Equity  Committee,
                  determine and implement  interest rate hedging  strategies for
                  the Loans, and shall provide CMI, the Unsecured  Committee and
                  the Equity  Committee  with a record of  hedging  transactions
                  promptly upon request."

                  4.  Except  as  modified  hereinabove,  all  other  terms  and
provisions  of the Mortgage Loan  Stipulation  and Consent Order shall remain in
full force and effect as entered by the United States  Bankruptcy  Court for the
District of Maryland. 

CONSENTED AND AGREED TO:

/s/ RICHARD L. WASSERMAN                     /s/s JUDY G. Z. LIU                
---------------------------                 -----------------------------------
Richard L. Wasserman, Esquire               Harvey R. Miller, Esquire
Venable, Baetjer and Howard, LLP            Judy G. Z. Liu, Esquire
1800 Mercantile Bank & Trust Bldg.          Weil, Gotshal & Manges LLP
2 Hopkins Plaza                             767 Fifth Avenue
Baltimore, Maryland 21201                   New York, New York 10153
(410) 244-7400                              (212) 310-8000

Co-Counsel for CRIIMI MAE Inc.              -and-

                                            Troy C. Swanson, Esquire
                                            Kincaid, Cohen & Swanson, P.C.
/s/ MICHAEL BERNSTEIN                       800 North Charles Street
------------------------------              Suite 400
Daniel M. Lewis, Esquire                    Baltimore, Maryland 21201
Michael Bernstein, Esquire                  (410) 783-6092
Arnold & Porter                             
555 Twelfth Street, N.W.
Washington, D. C. 20044                     Counsel for Citicorp Real Estate,
(202) 942-5661                              Inc.

Counsel for the Official Unsecured
Creditors Committee of CRIIMI
MAE Inc.


                                       3


<PAGE>

/s/ DENNIS B. AUERBACH
-------------------------------
Michael St. Patrick Baxter, Esquire
Dennis B. Auerbach, Esquire
Covington & Burling
1201 Pennsylvania Avenue, N.W.
Washington, D.C. 20044-7566
(202) 662-6000

Counsel for the Official Committee
of Equity Security Holders of
CRIIMI MAE Inc.



                  The foregoing  Supplemental  Stipulation  and Consent Order is
hereby SO ORDERED this 2nd day of April, 1999.

                                      /s/ DUNCAN W. KEIR   
                                      --------------------------
                                      DUNCAN W. KEIR
                                      United States Bankruptcy Judge


cc:      Richard L. Wasserman, Esquire
         Venable, Baetjer and Howard, LLP
         1800 Mercantile Bank & Trust Bldg.
         2 Hopkins Plaza
         Baltimore, Maryland 21201

         Daniel M. Lewis, Esquire
         Michael Bernstein, Esquire
         Arnold & Porter
         555 Twelfth Street, N.W.
         Washington, D.C. 20044

         Michael St. Patrick Baxter, Esquire
         Dennis B. Auerbach, Esquire
         Covington & Burling
         1201 Pennsylvania Avenue, N.W.
         Washington, D.C. 20044-7566


                                       4

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         Harvey R. Miller, Esquire
         Judy G. Z. Liu, Esquire
         Weil, Gotshal & Manges, LLP
         767 Fifth Avenue
         New York, New York 10153

         Troy C. Swanson, Esquire
         Kincaid, Cohen & Swanson, P.C.
         800 North Charles Street
         Suite 400
         Baltimore, Maryland 21201

         Clifford J. White, III, Esquire
         Office of the United States Trustee
         6305 Ivy Lane
         Suite 600
         Greenbelt, Maryland 20770