Case Study: First Merchants Bank achieves a successful property auction and timely closing with Bradley Company

First Merchants Bank completes property auction and closes in 3 weeks with Bradley Company

First Merchants Bank, N.A. faced the challenge of liquidating a multi-tenant office condominium through a sheriff's sale. The bank appointed Bradley Company's Vice President, Mitch Doner, to handle the asset resolution and seller representation due to his specific expertise in conducting property auctions.

Bradley Company implemented a comprehensive strategy that involved navigating the legal process, marketing the property, managing existing tenants, and conducting the auction. This resulted in a successful sale to a third party at an acceptable price, with a timely closing accomplished within three weeks. Bradley Company's service effectively resolved the asset for the bank without them needing to exercise their right to bid.

First Merchants Bank, N.A