New Land Loan Financing - The Morgan Tract (Savannah, SC MSA)
Harvest Capital announces the successful closing of a new Land Loan financing; The Morgan Tract
Harvest Capital has closed a $5,000,000 loan in Hardeeville, South Carolina, facilitating HIC LAND’s acquisition of The Morgan Tract; a premier property in the Savannah / Hilton Head submarket. This phase-1 financing marks Harvest Capital's first transaction with HIC LAND, and the beginning of our partnership in the acquisition and development of single-family projects across the south Atlantic region.
Harvest is an industry leader in residential real estate investment & asset management with over $787m in capital exposure managed, $317m+ in new capital investments, $1.4B in gross project revenues, and 14,300+ lots financed, managed, and developed over 61 unique real estate projects.
Through our exclusive partnership with TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, we strive to address the lack of A&D financing available in the market today. We are deeply committed to empowering residential land development projects that create a positive impact in their respective community landscapes. By investing in strategic, programmatic lending relationships, we believe we can help our development partners scale their businesses while also contributing to the growth of the local economies in which we operate by helping address the shortage of attainable housing in these regions.
For more information, please visit our website at www.harvest-realestate.com or email us directly at: info@harvest-realestate.com