SACH - Manhattan Bridge Capital: Update On This 7.3% Yielding REIT
About six months ago, I penned a note on a hard money lender, Manhattan Bridge Capital. As the firm isn't widely followed, I figured I would post an update with their newly released December 31, 2018 financials and my thoughts on the company now.
As a reminder,
Manhattan Bridge Capital (LOAN) is a New York-based real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. LOAN offers short-term, secured, non-banking loans (sometimes referred to as “hard money” loans), which they may (at their option) renew or