Posted August 27, 2026

Blackacre Management LLC previously published a page at this address concerning litigation captioned Loft Holdings, LLC v. USC 28 Saginaw, LLC, No. 2:23-cv-12904 (E.D. Mich.). That page has been removed. Blackacre issues the following corrections to the record.

Blackacre Management LLC is not a party to that action and has never been a party to it. Blackacre is not a party to the arbitration in which the matter now proceeds. The good faith deposit described on the prior page was not made by Blackacre and no claim regarding that deposit belongs to Blackacre. The prior page stated or implied otherwise, and that was incorrect.

The prior page described specific categories of expenditure said to have been charged against the deposit. Those descriptions were not supported by the record and are withdrawn.

The prior page stated a figure for an additional capital contribution said to have been requested. That figure was inaccurate as stated.

The prior page reported that the matter would proceed to discovery in federal court following the Court's order of September 9, 2024. The matter is proceeding in arbitration. The prior statement is no longer accurate.

The prior page referred to concerns regarding lending practices generally and to borrowers other than the plaintiff in the referenced action. Blackacre has no basis for any statement concerning any transaction other than the one described in the referenced filings, and those references are withdrawn.

The prior page referred to the status of settlement discussions and to potential class treatment. Both references are withdrawn.

The metadata associated with the prior page, including its description tags, has been deleted.