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Manhattan Bridge Capital Inc

LOANUSD
3.43-28.1%1Y · USD

Manhattan Bridge Capital, Inc. is a real estate finance company that originates, services, and manages a portfolio of first mortgage loans in the United States. It provides short-term, secured, non-banking loans to real estate investors for the acquisition, renovation, rehabilitation, or development of residential or commercial properties. These loans are secured by real estate collateral and personal guarantees from the borrowers' principals. The company has elected to be taxed as a real estate investment trust, meaning it would not be subject to corporate income tax on the portion of its net income distributed to shareholders. Founded in 1989, it is headquartered in Great Neck, New York.

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Manhattan Bridge Capital Raises Buyback Limit to 250,000 Shares

Manhattan Bridge Capital increased the share repurchase limit under its existing buyback program to 250,000 common shares from 100,000. The company also extended the program by 12 months. The buyback covers common stock of Manhattan Bridge Capital, which trades under the symbol LOAN.
LOAN · Capital · Positive Manhattan Bridge Capital raised its buyback limit to 250,000 shares and extended the program by 12 months.
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