Harbor Custom Development, Inc. recently closed 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 and feature rental rates from $1,695 to $2,095 a month.
CEO Jeff Habersetzer expressed his appreciation for Sound Capital’s consistent lending opportunities: “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.”
Johnny Walker of Sound Capital also commented on their successful partnership: “We appreciate Harbor offering us these consistent lending opportunities over the years… Our company has financed single-family subdivisions townhome developments and multi-family construction loans for them.”
