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

Margaret H.

Vice President, Special Assets for First Merchants Bank, N.A.