Elks Lodge in Waterloo in court over missed loan payments - KWWL - Eastern Iowa Breaking News, Weather, Closings

Elks Lodge in Waterloo in court over missed loan payments

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WATERLOO (KWWL) -

A first notice of foreclosure has been filed against the Waterloo Elks Lodge #290.

The lodge located in downtown Waterloo at Park and Mulberry is a popular spot for weddings, receptions, and other events.

Community National Bank filed papers in District Court earlier this month stating the club owes more than $2.3 million on a loan taken out in 2007 and refinanced in 2011.

That's when the Elks made renovations to its building.

Elks leaders say this is the first step in a long process that they say their attorneys are working to resolve.

They say it's business as usual at the lodge and there is no effect to any planned events now or in the future.

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