Miami Dolphins legend Jason Taylor and several investors are at the receiving end of a legal tackle by a bank that lent $750,000 to Taylor’s juice bar company and allegedly isn’t getting paid back.
In a foreclosure action in Broward County, the Coral Gables-based Gibraltar Private Bank & Trust claims JuiceBlendz stopped making monthly payments in April on two loans, one for $500,000 and the other for $250,000, obtained to start and expand the company in 2008 and 2010.
The popular juice bars founded by Fort Lauderdale businessman Adam Ogden with Taylor’s support serve healthy sandwiches and wraps and low-cal, high-protein smoothies. The company recently expanded to several South Florida college campuses.
Financially, however, the picture might not be so smooth, especially since, according to the lawsuit, JuiceBlendz refused to give Gibraltar its latest financial information and tax filings.
And now, Gibraltar wants to foreclose on what Juiceblendz has left to reimburse, $137,851.
The lawsuit is so fresh that Taylor, a former Dancing With the Stars runner-up, and JuiceBlendz have yet to respond.
But Ogden said the suit is thisclose to a resolution.
“The company is resolving it with Gibraltar, and it’s in the process of being settled,” said Ogden. “The company has faced challenges with the retail component and is adjusting its business model.”
A NEW MORTGAGE
Speaking of banks and loans: Big screen star Kevin James is joining the ranks of the schleppers he plays in his comedies, a regular Joe with giant mortgage payments for the next 30 years.
James, 50, just obtained a mortgage from City National Bank on his Delray Beach homestead, and he has until 2045 to reimburse it.
One difference with his fans or characters: The bank’s loaning him, like, $10.5 million!
According to the mortgage documents, the star of Zookeeper and Paul Blart: Mall Cop obtained the cash through the trust that owns the two-acre beachfronter he bought for $18.5 million cash in 2012.
James’ manager didn’t return calls for comment. James is said to be worth $80 million.
NEW HOME FOR AMAR’E
New Miami Heat enforcer Amar’e Stoudemire is looking for a pad in Miami as the new NBA season is starting later this month.
Thing is, the Orlando native lost his shirt on the local real estate game not so long ago.
Property records show Stoudemire bought a 2,300-square-foot penthouse at the W South Beach on Collins in 2009, back when he played for the Phoenix Suns. He paid $5.57 million in cash.
Then in 2011, as a New York Knick, Stoudemire lost almost $400,000 on the sale, for $5.2 million.
Better luck this time, big man.
Finally, this Thanksgiving is going to taste sweet for a special resident of the downtown Miami Federal Detention Center.
Robert Paltrow, 73, actress Gwyneth Paltrow’s favorite uncle, is set to be sprung Nov. 17. He is serving six months for tax evasion after paying the feds $5.5 million in back taxes and penalties.
Paltrow is the brother of the Iron Man actress’ deceased dad, TV series director Bruce Paltrow.