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Manhattan Bridge Capital, Inc (LOAN) RSS Feed

Followers
4
Posters
19
Posts (Today)
0
Posts (Total)
211
Created
01/26/14
Type
Free
Moderators
Manhattan Bridge Capital offers short-term, secured, non–banking or “hard money” loans to real estate investors in Brooklyn, Queens, Bronx, Manhattan and Staten Island as well as Long Island and Westchester county to fund their acquisition of properties located in the New York Metropolitan area. The loans are principally secured by collateral consisting of real estate and, generally, accompanied by personal guarantees from the principals of the businesses. The loans are generally for a term of one year. Most of the loans provide for receipt of interest only during the term of the loan and a balloon payment at the end of the term. "Rated #1 Hard Money Lender in NYC" The Company Established in 1989 by Assaf Ran, Manhattan Bridge Capital, Inc. (Nasdaq – “LOAN”) has been a publicly traded company since 1999. MBC is a "hard money" lender in New York Metropolitan area and is known to close its deals in a very short period of time. In most cases the client will have cash in his/her possession in 3-10 business days. We offer very competitive rates, professional services and flexibility to accommodate unique situations. We are motivated by integrity and reliability. Lending Strategies Our strategy is to generate above average, consistent returns while maintaining low risk We pay careful attention to asset and cash flow protection and the high net worth of principals in order to generate consistent and stable returns Disciplined underwriting, due diligence, deal structuring and portfolio management provide downside protection We seek unique and time sensitive opportunities that are underserved by existing lenders Capital preservation is of greatest importance to us through all steps of the investment and asset management process Hard Money Lender in Queens, Brooklyn, Bronx, SI, Manhattan Manhattan Bridge Capital specializes in hard money loans to professional real estate investors, focusing on three types of properties: Loans to finance purchases and repairs for the purpose of quick sales (also knows as fix and flip) Loans for new construction of one to three family homes Bridge loans to purchase small income producing properties Loans typically range from $50,000 to $1,100,000, and mature in less than one year. Borrowers are required to pay interest only on a monthly basis and the principal at maturity. We insist on a first mortgage position and personal guarantees from the principals of the borrower. In addition, we request, as added collateral, the equity position of the borrower’s principals in the borrower. We will lend up to 65% of the appraised value of asset collateral. We have never had a loan default. Mr. Assaf Ran, CEO and Chairman of the Board Ms. Vanessa Kao, CFO Mr. Ronen Shiponi Esq., Legal Adviser Mr. Arie Goren, Certified Appraiser Mrs. Sagit Mamanne, Loans Initiator Mr. Mark Alhadeff, Member of the Board Mr. Phillip Michaels, Member of the Board Mr. Michael Jackson, Member of the Board Mr. Eran Goldshmit, Member of the Board Mr. Lyron Bentovim, Member of the Board Accounting auditing firm, Hoberman, Goldstein & Lesser CPA PC SEC and Corporate Legal advisers, Morse, Zelnick, Rose & Lender
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  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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