LOAN
- Manhattan Bridge Capital, Inc.
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Overview
Company Summary
Manhattan Bridge Capital, Inc. (LOAN) is a real estate finance company that specializes in providing short-term, secured loans for real estate investors, builders, and developers.
The primary focus of Manhattan Bridge Capital is to offer real estate financing solutions to borrowers who may not qualify for traditional bank loans due to various reasons such as time constraints, credit issues, or the unique nature of their projects. The company steps in to bridge the gap between real estate professionals and the capital they need to fund their projects.
Manhattan Bridge Capital primarily offers hard money loans, which are short-term loans secured by real estate collateral. These loans typically have higher interest rates compared to traditional bank loans, but they provide borrowers with quick access to funds to seize time-sensitive investment opportunities or complete their construction projects.
The company evaluates loan requests based on the value and marketability of the underlying real estate, rather than focusing primarily on the borrower's credit history. This approach enables them to provide loans quickly and efficiently, making them an attractive option for borrowers looking for expedited funding.
Manhattan Bridge Capital's target customers include real estate investors involved in residential or commercial property acquisitions, developers undertaking construction projects, and individuals seeking to renovate or improve their properties. By leveraging their industry expertise, the company aims to support their clients' real estate ventures while generating attractive returns for their investors.
In summary, Manhattan Bridge Capital, Inc. fills the financial gaps in real estate projects by offering short-term, secured loans to borrowers who may not qualify for traditional bank financing. Their focus on speed and flexibility makes them an alternative financing option for real estate investors, builders, and developers.