The Real Deal Miami

OptimumBank forecloses loan for former hospital

The bank hasn't yet scheduled an auction of the old Parkway West Regional Medical Center

October 24, 2015 11:00AM

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The former Parkway Regional Medical Center (Credit: Miami UrbEx)

The old Parkway West Regional Medical Center in Miami Gardens. (Credit: Miami UrbEx)

Fort Lauderdale-based OptimumBank won a $2.93 foreclosure judgment after borrower defaulted twice on a mortgage loan secured by a former hospital in Miami Gardens.

The 11-story property at 17300 Northwest 7 Avenue, formerly known as Parkway West Regional Medical Center, is vacant and in poor condition.

OptimumBank filed a foreclosure suit in January against the property’s former owner, BSD of Miami Gardens LLC, and the company’s managing members Moris Schlager and Yaniv Nakash.

The bank withdrew the suit in May after modifying its mortgage loan to BSD but reopened the suit in September after BSD defaulted on the modified loan.

BSD had acquired the property for $3 million in June 2014.

OptimumBank has not yet requested a foreclosure auction date for the 136,190-square-foot building, located on a 3.6-acre site. [South Florida Business Journal] — Mike Seemuth