Lubavitch Education Center faces foreclosure - Boston Business Journal:

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’s 84,020-square-foot, seven-story building on seven acres, along with two other properties, is named in the $8 millionj foreclosure lawsuit filed on June 23 bythe Birmingham, Ala-basefd bank in Miami-Dade County Circuit The nonprofit center is affiliated with the Chabar Lubavitch, an orthodox Jewish movement that has templees and education centers throughout the world. The foreclosur e names the nonprofit Friends of Lubavitch of Florida andthe for-profir 17330 NW 7 LLC. Rabbi Bentzion Korf, who is listec on the LubavitchEducation Center’se Web site as the director, managews both entities, which took an $8 million loan from the bank in 2004.
Korf didn’tg immediately return a call seeking comment. The centef was founded in 1973 as the firstrabbinical college, or in the southeastern U.S. Orthodosx Jews from throughout South Florida send their children there forreligious education. In addition to the main which is located near Golden the foreclosure targetsthe 30,750-square-foot educationh center at 1114 Alton Road in Miamoi Beach and a 3,363-square-foot apartment buildint at 1231 13th St. in Miami Beach. Miami-based attorney Elizabeth Dombovary, who represents Regions Bank inthe lawsuit, didn’gt immediately return a call seeking comment.