Columns

Banco Popular Forecloses on Hialeah Mayor Julio Robaina's Property

Pobrecito Julito. Hialeah's mayor can't catch a break these days. He is battling the city unions over pensions and the city budget. He is dodging questions about his business relationship with $40 million Ponzi schemer Luis Felipe Perez, as well as inquiries about personal deals he has made with city vendors. And now Banco Popular is foreclosing on a property he owns with his wife and several other business partners.

The New York-based bank filed a notice of lis pendens this past July 29 against the Robainas and their partners in a company called Majo V LLC. According to court records, Majo took out a $2 million loan from Banco Popular (when it was Kislak National Bank) in 2004. The collateral is an 11-unit Miami Lakes office building Majo owns.

KEEP MIAMI NEW TIMES FREE... Since we started Miami New Times, it has been defined as the free, independent voice of Miami, and we'd like to keep it that way. With local media under siege, it's more important than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" program, allowing us to keep offering readers access to our incisive coverage of local news, food and culture with no paywalls.
Francisco Alvarado was born in Nicaragua and grew up in Miami, giving him unique insight into the Magic City and all its dark corners. An investigative reporter with a knack for uncovering corruption, Alvarado made his bones as a staff writer at Miami New Times and remains in dogged pursuit of the next juicy story.