I found some background on the property:
owners - Wesley H. Haffner Revocable Living Trust & Juanita R. Haffner Revocable Living Trust
And the 2007 court order allowing subdivison of the property:
http://www.courts.oregon.gov/Lane/docs/haffnervlanecounty.pdf
StarTrekAngel: What could the WT have to do in funding residential development?
I wonder if the WTS was actually funding the property development or if the property was being held in trust for the WTS. Could the land have been willed or given to the WTS in some way through the Haffner's Revocable Living Trusts? Such that the WTS was actually the owners of the property at the time that they were named as "funding" the development?
* adding more thoughts:
The land ended up being divided up into 9 parcels of land that sold for around 200-250,000 each. Which would make the total sale of all the land parcels right up there around the same as the 'loan" from the Watchtower was claimed to be. I think the "loan" is just the value of the property and the WTS was willed or given the land by the Haffners. This looks like it could be a scheme to transform an estate or trust, that is a land holding, into a cash amount for the WTS.