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Harbor Custom Development Secures $19M Loan with Sound Capital for MF Project
Harbor Custom Development, Inc. closed on a $19.95 million loan with Sound Capital to refinance phase one of the 126-unit Belfair View Apartment multi-family project in Belfair, Washington.
Located at 81 NE Ridge Point Boulevard along Highway SR 3 in Mason County, the property’s units range from 724 to 986 square feet, with rental rates from $1,695 to $2,095 a month.
“We are pleased to announce the continuation of our lending relationship with Sound Capital. Over the past five years, they have been a trusted partner for our Company, providing financing for numerous communities in Western Washington, as well as projects in our Sacramento and Austin metro markets,” said Jeff Habersetzer, CEO at Harbor Custom Development, Inc.
“We appreciate the consistent lending opportunities Harbor has offered us over the years. Our company has financed single-family subdivisions, townhome developments, and multi-family construction loans for the Company.,” said Johnny Walker, Principal at Sound Capital.
