Crescent Heights scores $238M refi for luxury 588-unit apartment tower in Edgewater
Crescent Heights scored a $238.4 million refinancing for the luxury 588-unit Forma Miami apartment tower in Edgewater. The deal marks a continuing lending flurry in South Florida, despite elevated interest rates. Crescent Heights –– led by Russell Galbut, Sonny Kahn and Bruce Menin –– completed the 40-story Forma at 2900 Biscayne Boulevard in Miami last year, according to records. It includes 85,000 square feet of indoor and outdoor amenities and a 50,000-square-foot Whole Foods Market. The fixed-rate refinancing was provided via Freddie Mac’s Lease-up program, according to a Walker & Dunlop news release. Aaron Appel and Jonathan Schwartz were part […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Loan officers are going to Washington
When standard DSCR falls short: What real estate investors should know about no-ratio financing
The Ground Lease Dilemma—Affordability Engine or Ticking Time Bomb?
She Taught Private Swim Lessons at Home for 7 Years. Then the City Shut Her Down After a Neighbor’s Complaint.
Naples Comprehensive Health Enhances Storm Preparedness
Here’s Where It Takes the Longest To Save for a Down Payment—and Where It’s Quickest
FOSTERING SUCCESS ANNOUNCES 2026 SCHOLARSHIP RECIPIENTS
‘Grey’s Anatomy’ Star Patrick Dempsey Lifts the Lid on His Childhood in Tiny Maine Town—and His Job at Local Recycling Center
Maria Shriver Reveals How Childhood Lessons From Her Late Father Help Her Navigate Tricky Relationship With RFK Jr.
Southwest Airlines forecasts quarterly earnings below estimates on higher fuel
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131