Manhattan Bridge Capital is a “hard money” lender that operates in the New York metro area. The company provides short term secured financing to real estate investors through short-term loans with conservative loan to value ratios. The typical loan is anywhere from $50k to $1.5M. The loan is secured by a senior mortgage, which the company uses as collateral. The company is currently managing approximately 100 loans.
Currently, the stock is trading at almost $6.00 a share with a P/E ratio of 16.70. The company currently has a market cap of $42 million. The stock is currently trading right at its 52-week high. The stock is yielding over 6% on its current dividend of $0.085. With the recent capital appreciation of the stock, I decided to take a deeper look at it and see what I could find out…..
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