Gig Harbor, Wash., Aug. 23, 2022 (GLOBE NEWSWIRE) — Harbor Custom Development, Inc. 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 its closing of a home loan with Buchanan Mortgage Holdings, LLC for a maximum principal amount of $39,000,000 for the Meadowscape Apartments under construction in Lacey, Washington.

Meadowscape, formerly known as Tanglewilde, is a 177 unit garden style apartment complex ideally located five miles south of the Washington State Capitol at Olympia and a 10-15 minute drive north of Joint Base Lewis-McChord. JBLM is a major US military installation with a population of nearly 210,000, making it the fourth largest military installation in the world by population.

Harbor expects to lease the first phase of the complex beginning February 2023 and to complete construction by the end of June. Meadowscape Apartment residents have easy access to shopping, schools and recreational facilities. In addition, renters enjoy premium onsite amenities including a fitness center, party room, swimming pool and outdoor grill.

“We are pleased to announce our partnership with Buchanan Mortgage Holdings,” said Sterling Griffin, President and CEO of Harbor Custom Development, Inc. “Meadowscape Apartments is one of six projects we signed at Kidder Mathews earlier this year for $278 million listed US dollars. Our goal is to complete construction of the Meadowscape apartment complex in 2023 and to sell the project upon completion.”

More information about the Meadowscape Apartments or to Watch the construction status video of Harbour’s current projectsVisit HarborCustomDev.com.

The apartments with 177 residential units are under construction and should be completed by the end of June 2023.

Around Buchanan Mortgage Holdings, LLC
Buchanan Mortgage Holdings, LLC, is a subsidiary of Buchanan Street Partners, a…