For Sale: Boise Hole
Lake Tahoe Home Builder Robert Capps who acquired the Boise Hole after the courts liquidated Gary Rogers’ holdings in the project, has listed the site at Eighth and Main for $3.95 million dollars.
To recap:
- CCDC purchased the property for about $560,000
- It sold the property for about $260,000
- The property is appraised at about $960,000
- Capps bought a note secured by the property, from Alpha Lending, for $2.4 million
If Capps gets the $3.95 mm for the property, he’ll have pulled off the greatest coup yet.
Tags: Boise Hole
Development | admin June 30, 2009
