Miami, FL – A Jewish education center in Miami faces foreclosure by Regions Bank.
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The Lubavitch Education Center’s 84,020-square-foot, seven-story building on seven acres, along with two other properties, is named in the $8 million foreclosure lawsuit filed by the Birmingham, Ala-based bank in Miami-Dade County Circuit Court.
The nonprofit center is affiliated with the Chabad Lubavitch, an orthodox Jewish movement that has temples and education centers throughout the world.
The foreclosure names the nonprofit Friends of Lubavitch of Florida and the for-profit 17330 NW 7 LLC. Rabbi Bentzion Korf, who is listed on the Lubavitch Education Center’s Web site as the director, manages both entities, which took an $8 million loan from the bank in 2004.
Korf didn’t immediately return a call seeking comment.
The center was founded in 1973 as the first rabbinical college, or yeshiva, in the southeastern U.S. Orthodox Jews from throughout South Florida send their children there for religious education.
In addition to the main campus, which is located near Golden Glades, the foreclosure targets the 30,750-square-foot education center at 1114 Alton Road in Miami Beach and a 3,363-square-foot apartment building at 1231 13th St. in Miami Beach.
Miami-based attorney Elizabeth Dombovary, who represents Regions Bank in the lawsuit, didn’t immediately return a call seeking comment.
SInce Chabad centers function like franchise operations some fail.
finally, an unbiased piece of reporting on Chabad.
there over 800 students at stake here. are you guys crazy!!!!!! besides, this schools is not mishichist i teach there
Great, this is my kid’s school. 🙁
Could one of you sunny South Florida residents care to tell why the property and the LLC went belly up and if there is any chance of saving it?
The large school in North Miami may be new, but the Yeshiva and apartment buildings on Miami Beach have been there for decades and decades. Apparently they refinanced those properties. I am mispalel they don’t lose the properties and are able to refinance them again in a workout. Their supporters must have lost a lot of money and are unable to donate to keep the loans current. Sad. Let’s be mispallel that all frum Yidden make money to give tzedukah. Amen.
why did the need an 8 million dollar loan when the building was donated.. and what did they do with all that money they borrowed
they are a tremendous asset to the entire florida community
they need the community to rally behind them and let a group of people assist rabb korf to manage the facility
in addition they dont scare parents like y e by threatening to become a charter school if parents dont pay while the YE owners hold 30 million of property and cover up alleged family abuses
My son learnt this year in the yeshiva. He had B”H a great year in learning with R. Schapiro and R. Lipsker. They were very accomodating with the tuition when I explained them my matzav and how much I can afford. I hope they work this out and continue their good works.
All the Yeshivas in South Florida have the same problem. They need $5-$8 Million building to keep up with the Jones’.
We the parents get stuck with paying for their poor spenind habbits and nepotism. It’s about time the parents start a united front to make them show some accountability.
“Let’s be mispallel that all frum Yidden make money to give tzedukah. Amen.”
Let’s be mispallel that all yidden earn a living and do not have to rely on Tzedoko.
reply to #16
kollelim are community builders. Look at the places that host kollelim and see for yourself the great effect that it has had on the families and the children and the raising levels of the schools. yungeleit are not “kids”,they are young men who have devoted their lives to study torah day and night and to teach torah to any and every member of the community at all hours of the day. They chose to forego the comforts of life. they lead model torah lives and serve as impeccable role models for men,women and children. I am quite certain that aside from not supporting your local kollel, you probably do not help your local mosdos. You just use this forum to air your gripes against torah
Amen to 19, 20, and 21!!!!!!!