Harbor Custom Development, Inc. Establishes New Banking Relationship with Washington Federal and Secures $6,383,000 in Construction Financing. Harbor Custom Development, Inc. Gig Harbor, UNITED STATES Gig Harbor, Washington , April 08, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has established a new corporate banking relationship with Washington Federal Inc. DBA “WaFd Bank” and secured $6,383,000 in construction financing for 13 single family homes at Soundview Estates, a 339 lot subdivision located in Bremerton, Washington. Sterling Griffin, President and CEO of Harbor stated, “We are excited to enter into a new banking relationship with a top tier multi-state lender like WaFd Bank. Their eight state Western U.S. footprint provides us the opportunity to grow Harbor Custom Homes in several of our target markets with conventional financing. We are currently established in the Seattle, Sacramento and Austin metro markets and look forward to potential expansion into other markets prior to year end.”