Infamous for Hosting Adult Parties After Hours – Miami Charter School Foreclosed
Reports South Florida Business Journal reporter Brian Bandel:
The former home of a shuttered charter school is set for auction after Great Florida Bank won a $2.24 million foreclosure judgment.
The Miami-Dade County School Board voted in April to shut down the Balere Language Academy after parents complained of house parties with alcohol and distasteful promotions.
The Miami Lakes-based bank (Pink Sheets: GFLB) won the judgment againstnonprofit Balere and loan guarantors Rocka Malik and Nagib Malik over a $1.5 million mortgage, plus interest and fees. It was also awarded judgment against Strategic Empowerment for Economic Development Corp., which provided a $1.2 million second mortgage.
The 19,304-square-foot school on six acres at 10875 Quail Roost Drive in southern Miami-Dade