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Harbor Custom Development, Inc. Establishes New Banking Relationship with Washington Federal and Secures $6,383,000 in Construction Financing.


Harbor Custom Development, Inc. Establishes New Banking Relationship with Washington Federal and Secures $6,383,000 in Construction Financing.
Harbor Custom Development, Inc.
Gig Harbor, UNITED STATES
Gig Harbor, Washington , April 08, 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 established a new corporate banking relationship with Washington Federal Inc. DBA “WaFd Bank” and secured $6,383,000 in construction financing for 13 single family homes at Soundview Estates, a 339 lot subdivision located in Bremerton, Washington.
Sterling Griffin, President and CEO of Harbor stated, “We are excited to enter into a new banking relationship with a top tier multi-state lender like WaFd Bank.  Their eight state West ....

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Harbor Custom Development, Inc. Establishes New Banking Relationship with Washington Federal ...


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Harbor Custom Development, Inc. Establishes New Banking Relationship with Washington Federal .
Harbor Custom Development, Inc.April 8, 2021 GMT
Gig Harbor, Washington , April 08, 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 established a new corporate banking relationship with Washington Federal Inc. DBA “WaFd Bank” and secured $6,383,000 in construction financing for 13 single family homes at Soundview Estates, a 339 lot subdivision located in Bremerton, Washington. ....

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Lennar Corporation Purchases 38 Lots from Harbor Custom Development, Inc.


Lennar Corporation Purchases 38 Lots from Harbor Custom Development, Inc.
Contracts to Purchase an Additional 50 at Soundview Estates
Gig Harbor, Washington , Dec. 22, 2020 (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 closed on the phase 5 sale of 38 residential lots at Soundview Estates in Bremerton, Washington to Lennar Northwest, Inc., a subsidiary of the Lennar Corporation (“Lennar”), for $4,750,000, and has contracted to sell Lennar an additional 50 lots in Phase 6.
Harbor has now announced the completion of infrastructure improvements on 190 lots at Soundview Estates, of which 165 were purchased by Lennar for single family home construction. Lennar had previously closed on phases 1, 2, and 3 totaling 127 lots during the last 12 months. ....

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