secwatch.observer — SEC 8-K summary
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Issuer:     Harbor Custom Development, Inc. (—)
CIK:        0001784567
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001493152-23-043906
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

Harbor Custom Development defaults on $22M in loans; obligations accelerated
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- Default on $8M principal + $55,555.56 interest due Nov 25 to Fratelli's LLC; 18% default rate applies.
- BankUnited accelerated $14,197,706.88 principal plus $111,992.10 interest due Dec 4; default rate is contract+3%.
- Both defaults reported via Item 2.04; all amounts are due and payable immediately.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784567/000149315223043906/0001493152-23-043906-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784567/000149315223043906/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-043906

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