[COMMUNICATED] The revolutionary campaign to save Orlando Torah Academy’s building has seen incredible success in the past few weeks. Close to $1.3 million has been raised through loans and donations with only a little over $500k remaining to hit the goal of $1.8 million necessary to secure the facility. With the deadline of March 15th looming, the campaign is moving into the homestretch.

Lakewood’s Mr. Ira Zlotowitz, President of Eastern Union Funding and the creative genius behind the innovative campaign that originated from just one Shabbos in Orlando says, “This is the first time Klal Yisroel got together-in small amounts from $1,200-$40,000-to lend money to help save a school and buy their building.”

While the majority of the funds collected already are from individuals who have loaned or donated $1,200 or less, nineteen ambassadors (people committed to lending $40,000 or more) have made the commitment to keep this vital institution alive along with numerous other loans and donations from across the globe and spectrum of Judaism who have brought the campaign to this point.

Security for this loan is of critical importance. When dealing with Klal Yisroel’s money every “i” must be dotted and every “t” must be crossed. To that end, this loan has been arranged with all of the regular structures of any other loan. Legal documents have been prepared by prominent attorney Jeffrey Zwick; title insurance is in place; the appraisal process is almost complete; environmental and engineering reports have been completed and the loan is being administered by Cross River Savings Bank. What makes this loan really unique is that the building, and not the school, is the collateral. The building is cash-flowing from the school and from other tenants as well.

Says Rabbi Zvi Bloom of Torah Umesorah, “Every Tzedaka project involving Klal money needs two people to oversee each and every dollar. We are thrilled that Ralph and Yisroel have agreed to oversee every payment.”

The pieces are now in place and with your help we will bridge the last $500k!

History is being made; seize your part today and visit www.orlandotorah.com or call Rabbi Avrohom Wachsman at 407.864.3375