Sterling American Property's Richard Wilpon & Michael Katz Secure $97M Loan For Mixed-Use Property In Miami

Richard Wilpon & Michael Katz have secured a $97,000,000 loan from MetLife for the mixed-use property located at 125 NE 32nd Street in Miami. The property spans approximately 701,056 square feet and consists of 400 units, situated on a 1.9-acre plot.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $97,000,000
• Address: 125 NE 32nd Street
• Market: Miami
• Square Footage: 701,056
• Units: 400
• Acres: 1.9

Sterling American Property, represented by Richard Wilpon & Michael Katz, serves as the landlord for the property in question. This loan from MetLife will provide the necessary financial support for their venture.