Pegasus Mercantile Inc. (LOAN)

Overview

Manhattan Bridge Capital, Inc., operates as a real estate finance company within the United States, specializing in the origination, servicing, and management of first mortgage loans. Its primary focus is on providing short-term, secured, and non-banking loans to real estate investors, facilitating the acquisition, renovation, rehabilitation, or development of residential or commercial properties. Through collateral, primarily in the form of real estate and the personal guarantees of borrowers' principals, the company ensures the security of its loans. Opting to be taxed as a real estate investment trust enables Manhattan Bridge Capital, Inc., to avoid corporate income tax, provided it distributes a portion of its net income to shareholders. Established in 1989 with its headquarters in Great Neck, New York, the company leverages its experience in real estate finance to offer tailored lending solutions.

Products and Services

• Short-term Loans

Manhattan Bridge Capital, Inc. offers short-term financing options to real estate investors, aiming to support projects that require prompt funding. These loans are designed to help with the acquisition, renovation, or development of properties, ensuring that investors can move quickly on real estate opportunities.

• Secured Loans

Emphasizing security for its investments, the company provides loans that are backed by tangible real estate collateral. This ensures a layer of protection for the loaned capital, aligning the company's lending practices with the secured lending market standards.

• Non-banking Loans

By operating outside traditional banking channels, Manhattan Bridge Capital, Inc. offers more flexible and accessible financing options to real estate investors. This approach caters to clients who may not meet the rigid criteria of conventional banks or who require faster, more responsive loan processes.

• Services for Real Estate Investors

The company caters specifically to the needs of real estate investors by providing products and services tailored to the nuanced demands of property investment, renovation, and development. By focusing on this niche, Manhattan Bridge Capital, Inc. ensures that its offerings are directly aligned with the goals and requirements of its clientele.