Detail akcie Manhattn Bridge online

Business Summary: Manhattan Bridge Capital, Inc. is a real estate finance company 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 in Florida. 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 2024, Manhattan Bridge Capital Inc revenues decreased 1% to $9.7M. Net income increased 2% to $5.6M. Revenues reflect Origination Fees decrease of 10% to $1.6M. Net income reflects Interest and amortization of debtservice decrease of 7% to $2.3M (expense), General and administrative expenses decrease of 3% to $1.8M (expense), Referral fees decrease of 14% to $2K (expense).