Sunday, July 29, 2012

Lubavitch Education Center faces foreclosure - Puget Sound Business Journal (Seattle):

jiqatili.wordpress.com
’s 84,020-square-foot, seven-story buildinhg on seven acres, along with two other is named inthe $8 million foreclosured lawsuit filed on June 23 by the Ala-based bank in Miami-Dade County Circuif Court. The nonprofit centere is affiliated with theChabadx Lubavitch, an orthodox Jewish movement that has temples and educatiob centers throughout the world. The foreclosure names the nonprofit Frienda of Lubavitch of Florida andthe for-profitg 17330 NW 7 LLC. Rabbj Bentzion Korf, who is listee on the LubavitchEducation Center’ Web site as the director, manages both entities, whicjh took an $8 million loan from the bank in 2004.
Korf didn’ t immediately return a call seeking The center was foundeed in 1973 as the firsrabbinical college, or yeshiva, in the southeasterj U.S. Orthodox Jews from throughout Soutg Florida send their childre n there forreligious education. In addition to the main which is located near Golden the foreclosure targetsthe 30,750-square-foot education center at 1114 Alton Road in Miamii Beach and a 3,363-square-foot apartmeng building at 1231 13th St. in Miami Miami-based attorney Elizabeth who represents Regions Bank inthe didn’t immediately return a call seeking comment.

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