EXHIBIT 3(j)

              Articles of Incorporation of CRIIMI MAE Services, Inc.
                          as a Maryland Close Corporation








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                             Articles of Incorporation
                                       of
                            CRIIMI MAE Services, Inc.
                                      as a
                           Maryland Close Corporation


FIRST:    The undersigned, James B. Halpern, whose post office address is 1050
Connecticut Ave., N.W., Washington, DC  20036-5339, being at least eighteen (18)
years of age, does hereby form a corporation under the General Corporation Law
of the State of Maryland.

     
SECOND:   The name of the Corporation (hereinafter the Corporation) is:

                            CRIIMI MAE Services, Inc.

THIRD:    The corporation shall be a close corporation as authorized by Title  4
of the Corporations and Associations Article of the Annotated Code of Maryland.

FOURTH:   The purposes for  which the  Corporation is organized  are to  provide
loan origination, servicing and advisory services and any and all lawful acts or
activities.

FIFTH:    The address of the initial resident  office of the Corporation in  the
State of Maryland is 11200 Rockville Pike, Rockville, Maryland  20852.  The name
of   the  Corporation's  resident  agent  at  such  address  is  CRICO  Services
Corporation, Inc.  Said resident agent is a Maryland corporation.

SIXTH:    The address of the principal office of the Corporation in the State of
Maryland is 11200 Rockville Pike, Rockville, Maryland  20852.

SEVENTH:  The number of directors of the Corporation shall  be fixed pursuant to
the Bylaws of the Corporation  and the General Corporation  Law of the State  of
Maryland, but shall be at least one.  The names of the persons who are to  serve
as the  initial directors until the first annual meeting of the stockholders and
until their successors have been duly elected and shall qualify are:

                               William B. Dockser
                              H. William Willoughby

EIGHTH:   The preferences, qualifications, limitations, restrictions and special
or relative rights in respect of the  shares of each class of capital stock  are
as follows:

     (A)  General.   The total number  of shares of  stock which the Corporation
has  authority to  issue is  One Thousand  (1,000) shares  of common  stock, One
Dollar ($1.00) par value  per share, consisting of Fifty (50) shares  of Class A
common stock ("Class  A Stock") and Nine  Hundred Fifty (950) shares  of Class B
common stock ("Class B Stock", and togeth
er with Class A stock, the "Common Stock").

     (B)  Equivalent Rights.   Except  as set  forth herein,  all shares of  the
Class  A Stock  and  Class B  Stock shall  have  identical powers,  preferences,
rights, qualifications, limitations and restrictions.

     (C)  Dividends.   The holders of  shares of the Class  A Stock and  Class B
Stock  shall be  entitled to  receive dividends  out of funds  legally available
therefor,  in  an amount  equal  to 5%  of  such funds  and  95% of  such funds,
respectively.
 
     (D)  Voting.   The holders of  the Class A Stock  shall be entitled  to one
vote in person or by proxy for each share of stock held.  The holders of Class B
Stock shall have  no right to vote  on any matter submitted to  the stockholders
for consideration,  except as required  under the  Maryland General  Corporation
Law, as amended from time to time.   No action may be taken by the  stockholders
of the Corporation without  the favorable vote of the  holders of a majority  of
the outstanding Class A Stock.

     (E)  Dissolution, etc.   In the  event of any  liquidation, dissolution  or
winding up of the affairs of the Corporation, and after payment or provision for
payment of  the debts and other  liabilities of the Corporation,  the holders of
the Class A  Stock and Class B  Stock shall be entitled  to receive 5% and  95%,
respectively, of the remaining net assets of the Corporation.  The consolidation
or  merger of the Corporation  with or into any other  corporation, or any sale,
lease, exchange  or conveyance  of all or  any part of  the property,  assets or
business  of  the  Corporation,  shall  not  be  deemed  to  be  a  liquidation,
dissolution  or winding  up  of  the  Corporation within  the  meaning  of  this
paragraph.

NINTH:    The  provisions  for the  regulation of  the  internal affairs  of the
Corporation shall  be stated in the  Bylaws of the Corporation,  as amended from
time to time.

TENTH:    A  director  or officer  of the  Corporation  shall not  be personally
liable to the  Corporation or its stockholders for money  damages, except (1) to
the  extent that  it is  proved that  the person  actually received  an improper
benefit or profit in money, property, or  services, or (2) to the extent that  a
judgment  or other  final adjudication  adverse to  the person  is entered  in a
proceeding  based on a  finding in the  proceeding that the  person s action, or
failure  to act,  was the  result of  active and  deliberate dishonesty  and was
material to the cause of  action adjudicated  in the proceeding.  If the General
Corporation Law of  the State  of Maryland  is subsequently  amended to  further
eliminate  or limit the liability  of a director or  officer, then a director or
officer of the Corporation, in addition to the circumstances in which a director
or officer  is not personally  liable as  set forth in  the preceding  sentence,
shall  not be  liable to  the fullest  extent permitted  by the  amended General
Corporation Law of the State of Maryland.

ELEVENTH: The  Corporation shall indemnify each of the directors and officers of
the Corporation and  may indemnify any individual who may  be indemnified to the
fullest extent  permitted by Section 2-418 of the General Corporation Law of the
State  of Maryland, as it may be amended  from time to time (hereinafter Section
2-418), in each and every situation where,  under Section 2-418, the Corporation
is permitted or empowered, to make such indemnification.   The Corporation shall
promptly  make  or cause  to  be  made  any determination  which  Section  2-418
requires.   Any repeal  or  modification of  the  foregoing provisions  of  this
Article  ELEVENTH by  the stockholders  of the  Corporation shall  not adversely
affect any right  or protection of  an officer or  director of this  Corporation
existing at the time of such repeal or modification.
 
I   have  signed  these  Articles   of  Incorporation  on   February  15,  1995,
acknowledging them to be my  act and that the matters and facts set forth herein
are true in all material respects.



                         By:  /s/ James B. Halpern
                              --------------------
                              James B. Halpern<PAGE>