Manhattan Bridge Capital Inc

Manhattan Bridge Capital Inc. a real estate finance company originates services and manages a portfolio of first mortgage loans in the United States. The company offers short-term secured and non-banking loans to real estate investors to fund their acquisition renovation rehabilitation or development of residential or commercial properties in the New York metropolitan area including New Jersey and Connecticut and in Florida. Its loans are primarily secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the borrowers. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1989 and is headquartered in Great Neck New York.