The US Bankruptcy Court gave an order approving the sale of the certain assets of Harbor Custom Development, Inc. on March 28, 2024. The debtor has been authorized to sell its certain assets for a purchase price of $2.44 million in cash. The debtor?s assets include the 100 Honeysuckle Property (purchase price is $1.24 million) and the 104 Feathergrass Property (purchase price is $1.20 million).

The proposed buyers for the 100 Honeysuckle Property are Marcus W. Holm and Julie Hruska and for the 104 Feathergrass Property are James Gregory Condrey and Kelli Trull Condrey. Harbor Custom Development, Inc.?s broker recorded the purchase price of 100 Honeysuckle Property for $1.29 million and shall charge commission from the proposed sale is 3%. The buyer?s broker shall charge commission from the proposed sale is 3%.

Similarly, Harbor Custom Development, Inc.?s broker recorded the purchase price of the 104 Feathergrass Property for $1.31 million and shall charge commission from the proposed sale is 3%. The buyer?s broker shall charge commission from the proposed sale is 3%.