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Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) Your Solution for Short Term Commercial Financing !!!
Manhattan Bridge Capital offers short-term, secured, non–banking or “hard money” loans to real estate investors to fund their acquisition of properties located in the New York Metropolitan area. The loans are principally secured by collateral consisting of real estate and, generally, accompanied by personal guarantees from the principals of the businesses. The loans are generally for a term of one year. Most of the loans provide for receipt of interest only during the term of the loan and a balloon payment at the end of the term.
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