**Walker & Dunlop Arranges $238.4M Financing for Forma Miami**
Crescent Heights has secured a $238.4 million refinancing for Forma Miami, a newly constructed, Class-A+ multifamily property located in Miami’s Edgewater neighborhood.
The financing was arranged by Walker & Dunlop Capital Markets, with a team led by Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, Sean Reimer, Michael Stepniewski, and Michael Ianno. The fixed-rate loan was made through Freddie Mac’s Lease-Up program.
Forma Miami comprises 588 luxury residences, offering layouts from studios to three-bedroom units. The development also boasts over 85,000 square feet of indoor and outdoor amenities. Highlights include a penthouse-level Skyline Lounge with a full-length bar, an adjacent Skyline Terrace with panoramic views of Biscayne Bay and the Miami skyline, a golf simulator, sports bar, beer garden, and game room.
A notable tenant in the building is Whole Foods Market, which occupies more than 50,000 square feet at the base of the property—marking the grocery chain’s first presence in Edgewater.
The architectural and design work for Forma Miami was led by Rockwell Group and Arquitectonica.
