Share:
Gig Harbor, Washington , March 17, 2021 (GLOBE NEWSWIRE) Harbor Custom Development, Inc. ( Harbor, Harbor Custom Homes®, or the Company ), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has secured $7,683,000 in financing from Sound Capital for the acquisition of 30 lots in Horseshoe Bay, Texas, and construction loans for nine lots in Dripping Springs, Texas.
Harbor Custom Homes® previously announced contracting to acquire the 30 Horseshoe Bay, Texas lots which the Company anticipates commencing home construction on in the third quarter of 2021. The lots are located near the destination resort, The Club at Horseshow Bay, (clubhsbresort.com). Anticipated pricing for the 4 and 5 bedroom homes will range from $600,000 to $1,000,000. Harbor also anticipates beginning construction on the nine lots in the La Ventana subdivision in Dripping Springs, Texas beginning i