But running a bar where musicians like Justin Bieber
According to the lawsuit (which the South Florida Business Journal first reported), the landlord, Kodrenyc LLC, which has an address in Aventura, took over the mortgage of the infamous property just off I-95 at 179th Street in 2014. At the time, one of the club's founders, Disco Rick, told New Times he "put a deal together to keep King of Diamonds going" and sold the business for $6 million to Kodrenyc. The LLC entered into a $4 million mortgage that year.
In March 2017, $1.3 million in accrued and unpaid interest was added to the total. And now it looks like that deal might not have worked out as planned.
"Borrower defaulted on first loan payment on the Amended Note," says the suit, which was filed in Miami-Dade County court August 14. "Borrower is in default of its obligations by failing to make full monthly payments of principal and interest due May 1, 2017, and Loan payments thereafter." The suit says the strip club's landlord was first warned May 12 that it was defaulting on its mortgage. The plaintiff, a shell company called 17800 State Road 9 Lender LLC,
Though it's easy to celebrate KOD as a bastion of hip-hop culture, recent lawsuits suggest the club's dancers might not be treated all that well. Last year, strippers sued the club for unpaid wages and overtime.
Miami-Dade County also sued the club last year for operating without a valid license and modifying the building without a proper permit.
A lawyer for the plaintiff, Jeffrey Wertman, did not immediately respond to a call from New Times. KOD's landlords do not have an attorney listed online. King of Diamonds did not respond to a phone message left at the club this afternoon.
Any sort of
Perhaps a few emergency infusions of Bieber cash are in order. Maybe someone should call him — or Floyd Mayweather, who once dropped $100,000 at the club in one night.
More recently, KOD played host to Lil Wayne and 2 Chainz, who filmed a video for their single "MFN Right" at the club. (Video linked above.)
