Manhattan Bridge Capital, Inc (LOAN): Microscopic company: 100 Loans, accordin...

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bar1080

Re: None

Sunday, 09/04/2016 11:53:15 AM

Sunday, September 04, 2016 11:53:15 AM

Microscopic company: 100 Loans, according to one SA article, is nothing. I don't see what LOAN offers that just about any other lender can't match or beat except closing speed which won't look like an advantage in a real estate crash. Four-employee business with all loans in NYC area is about the ultimate in NON-diversification.

IMO, the 6%-7% yield is WAY too low for the risk.

"Manhattan Bridge Capital (NASDAQ:LOAN) is a "hard money" lender that operates in the New York metro area. The company provides short term secured financing to real estate investors through short-term loans with conservative loan to value ratios. The typical loan is anywhere from $50k to $1.5M. The loan is secured by a senior mortgage, which the company uses as collateral. The company is currently managing approximately 100 loans."

http://seekingalpha.com/article/3989165-manhattan-bridge-capital-deal

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