Harvest Capital closed on an acquisition and development loan to finance 100 townhome lots located in Port St. Joe, Florida. Port St. Joe is the county seat of Gulf County, FL. Median home prices in Gulf County have increased by 46% since 2020, and the population is expected to remain relatively stable over the next 5 years, averaging around 1% growth/year. The site is located 2.5 miles from downtown Port St. Joe which has many highly rated restaurants, and is also less than 10 miles away is access to public white-sand beaches. This loan was finalized in December 2024.
December 2024
100 Townhome Lots
$3,800,000
