Harbor Custom Development, Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on March 8, 2024. The debtor seeks the Court?s approval for the sale of 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%. The next hearing shall be occurred on April 2, 2024.