- The New York hard money lender continued expanding its loan book by 5% QoQ.
- With semi-fixed interest expenses, the recent increase in interest rates has improved the company's interest margin.
- LOAN is still one of the lowest leveraged lenders in the market.
- The main short-term risk is the spike in mortgage rates, which could affect LOAN's borrower's solvency or willingness to borrow.
- For the long term, risks include expansion to Florida, the long-term trend of interest margins, and key-man risks.
For further details see:
Manhattan Bridge Offers An 8% Yield If You Can Handle The Risk