Harbor Custom Development, Inc. Enters Preliminary Commitment With Broadmark Realty Capital For $19,129,000 Construction Loan

Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative and market leading real estate company involved in all aspects of the land development cycle, announced today that it has entered into a preliminary commitment for $19,129,000 in construction financing with Broadmark Realty Capital for 126 units of the first phase of Harbor’s 228-unit Apartment complex located in Belfair, Washington.