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IN RE BOULDERS ON THE RIVER, INC.

Bankruptcy No. 692-64208-aerll.

169 B.R. 969 (1994)

In re BOULDERS ON THE RIVER, INC., an Arizona corporation, Debtor-in-possession.

United States Bankruptcy Court, D. Oregon.

July 15, 1994.

Attorney(s) appearing for the Case

Wilson C. Muhlheim, Muhlheim, Palmer, Zennache & Wade, Eugene, OR, for debtor-in-possession.

James C. Lancaster, Ater, Wynne, Hewitt, Dodson & Skerritt, Portland, OR, for creditor Gentra Capital Corp.

MEMORANDUM OPINION

ALBERT E. RADCLIFFE, Bankruptcy Judge.

This matter comes before the court on the debtor's objection to claim # 3 of Gentra Capital Corporation (Gentra), formerly known as RT Capital Corporation and assignee of Pacific First Bank.

BACKGROUND

The debtor, Boulders on the River, Inc., is the developer, owner, and operator of an apartment complex in Eugene, Oregon. Pacific First Bank (Bank) provided the capital for the construction...

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