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Prospect News home > News index > List of issuers H > Headlines for Harbor Custom Development Inc. > News item
Published on 2/23/2024 in the Prospect News Distressed Debt Daily.

Harbor Custom Development gets approval to use cash collateral

By Sarah Lizee

Olympia, Wash., Feb. 23 – Harbor Custom Development, Inc.’s motion to use cash collateral was approved Friday by the U.S. Bankruptcy Court for the Western District of Washington.

The debtors are allowed to access the cash collateral until May 31.

The order granted adequate protection to secured lenders, including Sound Capital Loans, LLC, BankUnited, NA and Buchanan Mortgage Holdings, LLC.

Harbor Custom Development is a real estate development company located in Tacoma, Wash. The company filed bankruptcy on Dec. 11 under Chapter 11 case number 23-42180.


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