San Francisco, California, August 05, 2021 (GLOBE NEWSWIRE) – US Capital Global has entered into termsheets to provide credit facilities totaling $ 158.4 million to Harbor Custom Development, Inc. (“Harbor”), an innovative company and market leader. real estate company involved in all aspects of the land use planning cycle. Harbor intends to use the new credit facilities to finance the construction of three condominium projects in western Washington and one in southwest Florida.
US Capital Global is a full-service private financial group with established experience in investment banking, asset management and capital formation services. The company provides sophisticated debt, equity and investment products to businesses and lower middle market investors. All securities are offered by the group through its FINRA member and SEC affiliate broker, US Capital Global Securities LLC.
“We are delighted to enter into a relationship with US Capital Global, which has the ability to provide us with nationwide construction financing. US Capital Global plays a key role in providing a one-stop-shop for our land development and vertical construction financing needs, ”said Sterling Griffin, President and CEO of Harbor Custom Homes.
“Our Corporate Capital Solutions business partners were instrumental in formalizing this new relationship with US Capital Global,” said Jeff Habersetzer, COO of Harbor Custom Development, Inc.
“Over the past three years, US Capital Global has provided over $ 1 billion in debt and equity financing to companies in the real estate and construction industries,” said Jeffrey Sweeney, President and CEO General of US Capital Global. “With extensive experience in the residential, commercial, industrial and medical real estate industries, our finance team understands the industry and the challenges developers face. We are pleased to offer our financial services to Harbor Custom Development and support them with debt financing totaling $ 158.4 million.
About Harbor Custom Development, Inc.
Harbor Custom Development, Inc. (“Harbor”) is a real estate development company involved in all aspects of the land development cycle, including land acquisition, rights, construction of project infrastructure, construction of homes, marketing, sales and project management. Harbor primarily focuses on real estate within target markets with convenient access to metropolitan areas characterized by diverse economic and employment bases and growing population, in Western Washington, Northern California, and Austin , in Texas. www.harborcustomdev.com.
About US Capital Global
Founded in 1998, US Capital Global leverages the latest FinTech and RegTech innovations to deliver sophisticated debt, equity and investment products to lower middle market companies and investors. The US Capital Global group manages direct investment funds and provides wealth management and capital formation services through its affiliates, including US Capital Global Investment Management LLC, US Capital Global Wealth Management LLC and its FINRA Member, SEC Registered Broker, US Capital Global Securities LLC. The group works closely with its peers in professional banking and investment advice. www.uscapglobal.com.
To learn more about US Capital Global, email Jeffrey Sweeney, President and CEO, at [email protected] or call +1 415-889-1010.