Harbor Custom Development closes on $4.48M land sale to Noffke Homes in Blaine, Washington
"We're excited to work with Noffke on this project, and it couldn't come at a better time,” Harbor president and CEO Sterling Griffin said
Company
Harbor Custom Development Inc.
NASDAQ:HCDI
Harbor Custom Development, Inc. is a real estate development company involved in all aspects of the land development cycle including land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects in Western Washington's Puget Sound region; Sacramento, California; Austin, Texas and Punta Gorda, Florida. As a land developer and builder of apartments, condominiums, single-family homes and luxury homes, Harbor Custom Development's business strategy is to acquire and develop land strategically based on an understanding of population growth patterns, entitlement restrictions, infrastructure development, and geo-economic forces. Harbor focuses on acquiring land with scenic views to develop and sell residential lots, new home communities, and multi-story condominium and apartment properties within a 20 to 60-minute commute of the nation's fastest-growing metro employment corridors. Harbor is leading the real estate industry as the first national land developer and home builder accepting payment in the form of cryptocurrency for its listed land, developed lots, residential homes, condominiums, and apartments.
71 stories · page 3 of 4
ThinkEquity sees Harbor Custom Development building on its 2021 successes in 2022
'Harbor remains focused on strengthening its current market position and has a strong foundation to accelerate growth and market reach during 2022 and beyond,' analysts said in a note
Harbor Custom Development reports strong top-line revenue growth in its first year as a public company
The real estate company, which is involved in all aspects of the land development cycle, said it had generated net sales of $72.4 million in the year to end December 31, 2021, compared to $50.4 million in 2020
Harbor Custom Development posts record 4Q earnings as its ‘distinct’ business model gains momentum
"We are confident that momentum from the fourth quarter provides a strong platform for us to reach our financial targets in 2022,” the company’s president and CEO Sterling Griffin said
Harbor Custom Development completes new senior secured revolving credit facility of $25M
"The closing of this $25 million facility provides the company with additional liquidity and financial flexibility to pursue further growth initiatives," said Harbor Custom CEO Sterling Griffin
Harbor Custom Development enters into preliminary commitment with Washington Federal Bank for $29,750,000 construction loan
The financing is for the 177-unit Tanglewilde apartment complex located in Lacey, Washington, which is ideally located for tenants employed at Washington State's Capitol in Olympia or military personnel commuting to Joint Base Lewis-McChord
Harbor Custom Development enters into preliminary commitment for $15,715,000 in construction financing with Marquee Funding Group
The financing is for the 75 unit Wyndstone apartment complex located in Yelm, Washington, which is conveniently located only 22 miles from Washington State's capital of Olympia to the south and 24 miles to Joint Base Lewis-McChord, a major
Harbor Custom Development to accept Bitcoin and 12 other digital currencies as payment for its real estate
The company also accepts Ethereum, USD Coin, XRP, Dogecoin, SHIBA INU, Binance USD, Wrapped Bitcoin, Litecoin, Dai, Bitcoin Cash, Pax Dollar, and Gemini Dollar
Harbor Custom Development closes $1.5M purchase of a 138-unit apartment site in Washington State
The company said it anticipates generating about $46 million from the sale of the project when construction is completed
Harbor Custom Development closes on $19,129,000 construction loan with Broadmark Realty Capital for first phase of its Olympic Sunset View Apartment project
Located in North Mason County, Washington the 228-unit garden-style apartment complex currently under construction is conveniently situated adjacent to highway SR 3 and provides views of Puget Sound and the Olympic Mountain
Harbor Custom Development enters contract to buy 60-acre townhome site in Tampa Bay metro area
The company is paying $7.4 million for the property to support 325 rental units
Harbor Custom closes on sale of 30 developed lots in the Summit Rock golf course development in Horseshoe Bay Texas
“We continue to execute on our stated business objectives by monetizing our real estate assets early in the development cycle,” said Sterling Griffin, president and CEO of Harbor Custom Development
Harbor Custom Development closes $4.8M sale of 24 developed lots in Washington to MainVue Homes
The transaction includes 71 developed lots near the Semiahmoo Resort and award-winning golf course
Harbor Custom Development enters contract with Laughlin Development for the purchase of 66 undeveloped lots for $2.9M in Poulsbo, Washington state
"This acquisition allows Harbor to continue expanding the company's footprint in Kitsap County, where we have had great success," commented Sterling Griffin, president and CEO of Harbor
Harbor Custom Development announces acceptance of Bitcoin and 12 other digital currencies for its real estate
“Acceptance of digital currencies for our real estate offerings is a logical step for Harbor and demonstrates our flexible business model that separates us from our industry peers,” its COO Jeff Habersetzer said
Harbor Custom Development closes on $3.87M sale of 27 developed lots in Washington to Century Communities
"We are thrilled to add Century Communities as one of the selected builders for the Horizon at Semiahmoo project and look forward to working with their team,” Harbor president and CEO Sterling Griffin said
Harbor Custom Development closes $3.8M sale of 20 developed lots in Washington to Noffke Homes
Noffke Homes is the first builder to close in Phase 1 of Horizon and anticipates pre-sales to begin in the first quarter of 2022
Harbor Custom Development acquires 438-acre master planned community near Vancouver, B.C. for $14M
A mix of residential housing with up to 997 single and multi-family housing units and around 48,000 square feet of neighborhood commercial space will be added with the new acquisition
Harbor Custom Development enters preliminary commitment with Broadmark Realty Capital for $19.1M construction loan
The company said the project, currently under construction, is conveniently situated adjacent to highway SR 3 and provides views of the Puget Sound and the Olympic Mountains
Harbor Custom Development sees its 3Q sales surge to $18M on land sale, fee build revenue
The company also recorded third-quarter net income of $3.7 million, or $0.21 per share, compared with a net loss of $0.4 million, or $0.10 per share, during the same period last year