PUBLISHED RESERVE: $1,100,0002019 PEND OREILLE COUNTY ASSESSED VALUE: $4,049,000SIZE: 14.5±Acres ZONING: RS (Resort District)PROPERTY INSPECTION: Please contact Auction Information Office 1-800-845-35 4 or info rmnw-auctions.com FINANCING: Sub ect to Seller approval of Purchaser s credit: 35 down payment, calling for monthly payments of interest only at 6 - all due and payable in yearsDESCRIPTION: Eagle Landing RV Park, located along Pend Oreille River, is possibly one of the largest bank-owned investment opportunities in Northeast Washington. It has strategic location along 280-mile International Selkirk Loop, North America s only multi-national scenic drive that connects Northeast Washington, British Columbia, and Northern Idaho. Nearly all the route is along rivers and lake shores. It was voted the West s best scenic drive by Sunset Maga ine. Eagle Landing is within a 75-minute drive of Spokane, Washington and I-90, with proximity to four-season recreation. It is located on the west shore of Pend Oreille River, and has direct access to over 55 miles of boatable waters. The 14.5± acre site has frontage along River Road, and excellent access to Highway 20, two miles northeast of the site. Kalispel Casino, operated by Kalispel Tribe of Indians, is nearby.The property was developed in 2009 for 150 deeded RV spaces with clubhouse and 38-slip marina. The original developer planned to market the spaces under condominium ownership, similar to Skookum Rendezvous RV Resort, located three miles north of Eagle Landing. Resale lots at Skookum Rendezvous RV Resort start at $59,000. Seller acquired 135 deeded RV spaces, clubhouse, marina, excess land, and 5.43± acres of common land in 2012. RV spaces range in size from 2,618 to 10,673 square feet, with the average lot being 3,901 square feet. Water, sewer and power serve each space, and large RVs and Fifth Wheels can be accommodated. There is a two story, 5,544 square foot clubhouse above grade, with spectacular views of Pend Oreille River Valley and Selkirk Mountains. Clubhouse main level is 3,496 square feet with large reception area, fireplace, full kitchen and restrooms. Lower level of ,048 square feet is unfinished but is configured to accommodate showers and additional guest services.

Bank-Owned Eagle Landing RV Park along Pend Oreille River near Casino, with 135 Deeded Spaces, Clubhouse, 38-Slip Marina and Excess Land - Cusick, Washington

119

44

Clubhouse

MarinaRiver Road

CusickMonumental Way

To Hwy 20 andKalispel Casino

Additional 1.5 acres for development Not part of sale

South Baldy Mt.Cee Cee Ah Peak

FOR SUPPLEMENTAL INFORMATION, CALL 1-800-845-3524

The 38-slip marina is located across River Road. The marina has 10 x 30 foot docks, a 10 x 200 foot trunk dock, and aluminum ramp. There is a lease with Washington Department of Natural Resources that can be assigned to the new owner. Annual lease payment, with state taxes, is $3,471. Please see Supplemental Information Package for detail. 1.59± acres of excess land is located within the northwest corner of the property and could accommodate tiny homes, park models, additional RV spaces or facilities to support Eagle Landing. An estimated $600,000 to complete the RV park will be needed for paving and roadways, installment of power pedestals and RV pads, finishing lower level of clubhouse, and bringing sewer and water systems into compliance. Please see Supplemental Information Package for detail. Buyer to complete due diligence prior to submi ing a bid. Acquisition of Eagle Landing RV Park with 135 deeded spaces, clubhouse, 38-slip marina and excess land is a rare recreational development investment opportunity with pricing of less than $8,200 per space, and added incentive of special short-term seller financing. It provides the new owner with option to finish the development, and either sell the 135 deeded RV spaces or retain ownership and operate as a commercial RV park and resort. In addition, there could be added value with development of excess land. Sealed bid auction is being conducted in affiliation with Keenan Partners.LOCATION: 949 River Road, Cusick, Washington

SEALED BIDS DUE NO LATER THAN 5:00 PM, JULY 10, 2020

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Conceptual Sketch Plan

Tiny homes and a playground are outlined on 1.5 acres of excess land

Two-story, 5,400 square foot clubhouse has reception area, great room, full kitchen. Lower level is unfinished but configured for showers and additional guest services

River Road

KokaneeGlacier

ProvincialPark

IDAHOWASHINGTON

KaniksuNational Forest

Priest Lake

Lake Pend Oreille

CusickSandpointPonderay

Colburn

Naples

Bonners Ferry

Creston

Wynndel

Kuskonook

SelkirkMountains

Boswell

Kootenay Bay

Balfour

Nelson

Porto Rico

Ymir

Salmo

NelwayCANADA

USA

Metaline Falls

Ione

Jared

Blueslide

Porthill

31

6

3A

31

20

3A

195

2

2

Kootenay Lake

Selkirk Loop is North America’s only multi-national scenic drive, with nearly entire route along rivers and lake shores

2

2

211

Diamond Lake

CountryHomes

Newport

Spokane Coeur d’ AleneSpokaneValley

Post Falls

Pend Oreille River

395

395

Eagle Landing

Deer ParkClayton

Chewelah

Addy

Valley

20

ColivilleNational Forest

Tiger

Colville

Kettle Falls

Boyds

395

Please Note: Sketch plan is conceptual only. Neither Seller nor its agents have submitted plan or made application to a public agency

OR E-MAIL info@rmnw-auctions.com

Concept Sketch Plan