Oakland historic building owner files for bankruptcy after failed loan

Oakland historic building owner files for bankruptcy after failed loan

OAKLAND — The company that owns a historic downtown Oakland building has filed for bankruptcy in the wake of a loan default that could lead to a foreclosure of the delinquent mortgage. Lamumba Inc., which does business as Geoffrey’s Inner Circle, filed to reorganize its finances under Chapter 11 of the U.S. Bankruptcy Code. Geoffrey's Inner Circle sign at 410 14th Street and 1411 Franklin Street, a four-story, 40,000-square-foot retail, commerci…