Detail akcie Manhattn Bridge online

Business Summary: Manhattan Bridge Capital, Inc. is a real estate finance company, which is focused on originating, servicing, and managing a portfolio of first mortgage loans. It offers short-term, secured, and non-banking loans initial term expires, to real estate investors to fund their acquisition, renovation, rehabilitation, or improvement of properties located in the New York metropolitan area, including New Jersey, Connecticut, and others. Its real estate lending activities involve originating, funding, servicing, and managing short-term loans, which is loans with an initial term of not more than one year; secured by first mortgage liens on real estate property located in the New York metropolitan area. Borrowers use the proceeds from its loans for one of three purposes: to acquire and renovate existing residential, including single, two or three-family, real estate properties; to acquire vacant land and construct residential real properties; and to purchase and hold income-producing properties.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Manhattan Bridge Capital Inc revenues increased 14% to $9.8M. Net income increased 5% to $5.5M. Revenues reflect Interest income from loans increase of 18% to $8M, Origination Fees increase of 1% to $1.8M. Net income was partially offset by Interest and amortization of debtservice increase of 39% to $2.5M (expense), General and administrative expenses increase of 18% to $1.8M (expense).