In 5744, the yeshiva moved to settle into a large and spacious facility, which until then had been the Rakefet Hotel. Eventually, the yeshiva purchased the property.
At a certain stage, the yeshiva became entangled in financial problems and had difficulties meeting the mortgage payments – something that threatened the yeshiva’s continued existence.
In this critical moment, the yeshiva administration turned to one of its friends and supporters. He agreed to participate in covering the cost of purchasing the building and continuing to make the outstanding mortgage payments, on the condition that the property would be registered in the name of the company he owned.
For more than ten years, the yeshiva operated at this location without any complaints or objections, until the donor had his own financial problems, making it difficult for him to maintain control over his company and its assets. Exercising their authority, the shareholders decided to sell the yeshiva building in order to save their money and evade all responsibility for maintaining the building, despite the donor’s declaration that the yeshiva would not be evacuated and an order issued by the Jerusalem Rabbinical Court for Financial Disputes.
With no alternative, the yeshiva tried to advance a substitute deal for purchasing the building, but the shareholders claimed that there was nothing that could be done about it. At this point, when the “buyers” turned to the court and called for the yeshiva’s eviction, the yeshiva responded with a counterclaim on the property’s ownership and a cancellation of the deal on the building’s sale.
For more than a decade, the yeshiva fought in the courts through one of the leading legal offices in Israel, but to no avail. It should be noted that even the courts remarked that the registration of the yeshiva in the donor’s company’s name was questionable and problematic. Nevertheless, the courts unjustly ordered the rejection of the yeshiva’s claims.
In light of the court ruling and considering the actual difficulty of finding an alternative location to house four hundred students, the yeshiva was forced to enter into negotiations with the new buyers, who set irrational conditions and demanded exorbitant sums of money.
Then, at the last minute, just when it appeared that an agreement was being reached, the yeshiva was shocked to receive a court order for the students to (G-d forbid) evacuate the premises by the third of Teves, the day after Chanukah 5778…
When this matter became public knowledge, it created a firestorm that aroused great interest and activities by friends and others throughout Eretz Yisroel and the world to join the yeshiva’s efforts in saving the building.
And so, it was with tremendous effort and despite the court order that had not yet been rescinded, the yeshiva managed to get the negotiations back on track, advance them, and reach – thank G-d – an agreement on a fair deal for the yeshiva to purchase the building, including a surrounding area of about six dunams (1.48 acres).
In the near future, immediately after the completion of the purchase, the yeshiva will begin to renovate the building, expanding and upgrading the facility to enable the absorption of more than a hundred additional students in a spacious and larger environment befitting the Rebbe’s army.