The estate of Edward J. Boesen sought today to transfer more assets to help satisfy bank debt the late businessman had incurred in business ventures across Central Iowa and in other Midwestern states.

Boesen committed suicide July 15. Since that time, banks and other lenders have filed claims in probate court seeking to recover $25 million in debts. Today’s hearing was the second in which the estate has asked to transfer assets to creditors.

James Monroe, representing the Boesen estate, asked to transfer about $2.5 million worth of property in Omaha owned by Boesen-Omaha LLC to Freedom Financial to help cover an outstanding $3.5 million mortgage. The bank has already filed a lawsuit to foreclose on that property.

Monroe noted that due to tough economic times and a weakening in the real estate market, this property, along with other assets, could garner “substantially less” money than they could have been sold for a year ago.

The estate also sought to turn over a lot in the Napa Valley development in Dallas County, which Boesen bought for $180,000 a couple of years ago and is now assessed at $78,000, to Community State Bank, which is seeking to foreclose on the property to cover two notes worth $310,000. Community State Bank agreed to the offer and said it had a purchase agreement expected to close in late December for $173,000.

The Woodland West condominium project in West Des Moines also is at a standstill, with BBC Investments LLC, in which Boesen had an interest, having a 50 percent stake in the project. Community State Bank is owed $3.3 million on the project to convert the building from apartments to condominiums, and Monroe said it could take more than $2 million to complete renovations. When complete, the project is expected to have a value of $7.9 million.

Monroe noted that BBC Investments does not have the money to complete the project and seeks to transfer that property to Community State Bank. The bank said it wants to continue with the foreclosure process due to mechanic’s liens on the property totaling more than $200,000.

The Boesen estate also sought to transfer a Clear Lake lakefront home Boesen bought for $260,000 in 2003 and could now sell for more than $600,000 after extensive remodeling to MetaBank to cover a $2.5 million loan secured with the property. MetaBank agreed to the transfer and wanted to take possession in time to winterize the home before winter. It would be responsible for a first mortgage on the property to Manufacturers Bank & Trust Co. in Forest City of $188,000.

Metabank also expressed interest in taking possession of a Milwaukee florist owned by Boesen Milwaukee LLC and sell its assets on a guarantee on a liability of $2.5 million.

The hearing also touched upon two projects Boesen had a stake in, a Marshalltown golf course and Red Rock Marina, both of which are still under construction. Monroe asked the court to give Marshalltown Golf Course LLC permission to work out an agreement with First National Bank of Omaha to cover $4.5 million in debt owed by Boesen Marshalltown LLC, which has a one-third stake in the golf course project. The other two investors hope to salvage that project by bringing in another investor and ending Boesen’s ownership stake.

The Red Rock project will likely be discussed in more detail at an Oct. 21 hearing. The judge had yet to make a decision on any of the transfer requests.