LOAN (US5628031065)
Manhattan Bridge Capital, Inc. (MBC) is a real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. The Company offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area. Its primary business objective is to grow its loan portfolio while protecting and preserving capital in a manner that provides for risk-adjusted returns to its shareholders over the long term through dividends.
Average yearly return: 41%
Yield: 9.6%
Outperformer
Manhattan Bridge Capital, Inc. (MBC) is a real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. The Company offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area. Its primary business objective is to grow its loan portfolio while protecting and preserving capital in a manner that provides for risk-adjusted returns to its shareholders over the long term through dividends.
Market: Nasdaq
Fair value: $ 6.50
Discount: N.A.
Fair value: $ 6.50
Average yearly return: 41%
Yield: 9.6%
Outperformer
Aug. 09, 2016 Manhattan Bridge Capital, Inc. announced the pricing of an underwritten public offering of 672,269 common shares, par value $0.001 per share, at a price to the public of $5.95 per share.
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