GREAT NECK, N.Y., May 17, 2019 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN)
On May 16, 2019, the Board of Directors of Manhattan Bridge Capital, Inc. authorized its management to take all necessary actions to permit the Company to explore expanding its lending operations in the States of Florida, New Jersey and Connecticut.
Assaf Ran, Chairman of the Board and CEO, stated, “As we believe that conditions matured, the Company will begin to explore funding opportunities in Florida, New Jersey and Connecticut. Rest assured that our conservative standards will not be compromised and that we will take all measures in order to continue our impressive track record of no defaults.”
“On another note: this week on Monday the Company celebrated its 20thListing Anniversary with the Nasdaq Stock Market. I want to take the opportunity to thank the Nasdaq team for the dedicated and warm relationships,” added Mr. Ran.
About Manhattan Bridge Capital, Inc.
Manhattan Bridge Capital, Inc. offers short-term secured, non–banking loans (sometimes referred to as ‘‘hard money’’ loans) to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area. We operate the web site: https://www.manhattanbridgecapital.com.
