Harbor Custom Development, Inc. filed a joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on March 5, 2023. As per the plan filed, administrative claims, United States Trustee Fees, Professional Fee Claims, Priority Tax Claims shall be paid in full in cash. Secured Claims of Sound Capital Loans, LLC ?

HCDI CA Properties, Secured Claims of Mandalay Income Fund, I, LP. -- HCDI CA, Secured Claims of Sound Capital Construction Fund ? HCDI TX, Secured Claims of Sound Capital High Income Debt Funds ?

HCDI, Secured Claims of Oakhurst Income Fund II ? HCDI TX Properties, Secured Claim of 222, LLC et al. ?

HCDI (Division 3), Secured Claim of Buchanan Mortgage Holdings ?Tanglewilde, Secured Claim of Sound Equity High Income Debt Fund LLC?Belfair Phase 1, Secured Claim of Oakhurst Income Fund II?Belfair Phase II, Secured Claim of Benaroya Holdings ? Bridgeview, Secured Claim of Sound Capital Construction Fund ? Pacific Ridge, Secured Claim of 222, LLC et al.

? Pacific Ridge, Secured Claim of Fratelli?s LLC ?Semiahmoo, Secured Claim of Oakhurst Opportunity Lending Fund I?Punta Gorda, Secured Claim of BankUnited, N.A.? Punta Gorda shall be paid in pro rata basis in cash.

Convenience Claims ? HCDI is unimpaired and shall be paid in cash. General Unsecured Claims ?

HCDI shall receive 51% of new interests and Preferred Equity Interests ? HCDI shall receive 49% of new interests post effective of plan. General Unsecured Claims ?

Tanglewilde, General Unsecured Claims ? Belfair View Phase I and Phase II, General Unsecured Claims ? Bridgeview, General Unsecured Claims ?

Pacific Ridge, General Unsecured Claims ? Semiahmoo, General Unsecured Claims ? Punta Gorda shall be paid in pro rata basis in cash.

Warranty Claims shall receive no distribution and hence, cancelled. Common Equity Interests ? HCDI shall be cancelled.

Equity Interests ? Tanglewilde, Equity Interests ? Belfair, Equity Interests ?

Bridgeview, Equity Interests ? Pacific Ridge, Equity Interests ? Semiahmoo, Equity Interests ?

Punta Gorda are unimpaired classes and shall be paid in cash. The plan shall be funded through cash in hand, sale of assets and issuance of interests.