UMB Bank Acquires Championship Academy Of Distinction School Building In Lauderdale Lakes For $14.5M

A Broward County charter school building, previously known as Championship Academy of Distinction High School, has been sold to UMB Bank in a $14.5 million in lieu of foreclosure sale. The property, located at 3020 Northwest 33rd Avenue in Lauderdale Lakes, was acquired by UMB Bank following Championship Academy's default on an $8.8 million UMB Bank-backed mortgage. This default led to the termination of the charter school agreements with Broward County Public Schools and a separate foreclosure lawsuit against the K-8 campus.

Summary of transaction details

• Property Type: School
• Transaction Amount: $14,500,000
• Buyer: UMB Bank - Mariner Kemper

The buyer in this transaction is UMB Bank, represented by Mariner Kemper. The sale price for the school building was $14.5 million. The property, located at 3020 Northwest 33rd Avenue in Lauderdale Lakes, holds significance due to its previous use as Championship Academy of Distinction High School. The acquisition by UMB Bank was made through a foreclosure process, triggered by Championship Academy's default on a significant mortgage backed by UMB Bank.