Lubavitch Education Center faces foreclosure - The Business Journal of the Greater Triad Area:

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’s 84,020-square-foot, seven-story building on seven along with two other is named inthe $8 million foreclosurer lawsuit filed on June 23 by the Birmingham, Ala-based bank in Miami-Dade County Circui t Court. The nonprofit center is affiliated with theChabad Lubavitch, an orthodox Jewis h movement that has temples and education centersz throughout the world. The foreclosure names the nonprofit Friends of Lubavitcb of Florida andthe for-profit 17330 NW 7 LLC. Rabbio Bentzion Korf, who is listed on the LubavitcEducation Center’s Web site as the director, manage s both entities, which took an $8 milliob loan from the bank in 2004.
Korf didn’ft immediately return a call seekingf comment. The center was founded in 1973 as the firstfrabbinical college, or yeshiva, in the southeastern U.S. Orthodox Jews from throughoutt South Florida send their children theree forreligious education. In additionn to the main campus, which is locatex near Golden Glades, the foreclosure targets the 30,750-square-foot education center at 1114 Alton Road in Miamui Beach anda 3,363-square-foot apartment buildingy at 1231 13th St. in Miami Beach.
Miami-basedr attorney Elizabeth Dombovary, who represents Regions Bank inthe lawsuit, didn’y immediately return a call seeking