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 Pete, chief executive officer of Lamumba Inc., had previously staged a lengthy battle to thwart the development of a 40-story housing tower next door to the building his company owns at 410 14th St. and 1411 Franklin St. City officials eventually approved the tower.

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In April, property lender Tellone Mortgage Fund filed a notice of default with the Alameda County Recorder’s Office that the $4.25 million loan Tellone had provided to Lamumba i

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