Chesrown signs The Club at Black Rock on Coeur d'Alene Lake over to the bank
By Janna Scharf, Coeur d'Alene Idaho Real Estate Expert
(Keller Williams Realty Coeur d'Alene)
Janna Rankin Scharf, GRI, CLHMS, SFR - Chesrown signs The Club at Black Rock over to the bank I can't say I was surprised to read the news reports that Marshall Chesrown has signed over the assets of The Club at Black Rock to Washington Trust Bank. The Spokane bank is reported to have had $12,000,000 in outstanding loans to Chesrown's LLC. The assets of The Club at Black Rock, namely the golf course and clubhouse, are reportedly to be valued well over that amount. The Club at Black Rock is just one more casualty of the dramatic downturn in the real estate market, and follows Chesrown's recent loss of other high-end developments. Chesrown invested his own fortune in its development, and it has become renowned as a top rated golf course. One thing I do know about Marshall Chesrown is ...
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