Real estate finance company that originates, services, and manages a portfolio of short-term, secured loans.
Manhattan Bridge Capital, Inc. operates as a real estate finance company specializing in originating, servicing, and managing a portfolio of first mortgage loans across the United States. The company provides short-term, secured, and non-bank loans to real estate investors seeking financing for property acquisitions, renovations, rehabilitations, and enhancements. Its lending activities are concentrated in the New York metropolitan area, encompassing New Jersey and Connecticut, as well as extending into Florida.
The loans offered by Manhattan Bridge Capital are predominantly secured by collateral in the form of real estate properties and are supported by personal guarantees from the principals of the borrowing entities. This dual-layered security approach helps mitigate risks associated with lending in the real estate sector, ensuring prudent risk management practices.
As a qualified real estate investment trust (REIT) for federal income tax purposes, Manhattan Bridge Capital enjoys tax advantages by distributing at least 90% of its taxable income to its shareholders annually. This tax-efficient structure enables the company to maximize returns for investors while adhering to regulatory requirements.
Founded in 1989 and headquartered in Great Neck, New York, Manhattan Bridge Capital has established a strong reputation for reliability and expertise in real estate finance. The company's enduring commitment to providing flexible and responsive financing solutions has positioned it as a preferred partner for real estate investors navigating dynamic market conditions and seeking timely capital solutions.