Manhattan Bridge Capita (MBC) Funding II Corp. | REIT Profile

CIK: 1664740
Exchange: N/A
Founded: 2015 (9 years)
HQ: Great Neck, NY, United States
Type of REIT: Mortgage REIT
Listing Status: Public, Non-Listed
REIT Sector: Mortgage

See 1664740 on SEC.gov

MBC Funding II Corp. engages in the issuance of senior secured notes. The company was founded in 2015 and is based in Great Neck, New York. MBC Funding II Corp. is a subsidiary of Manhattan Bridge Capital, Inc. Manhattan Bridge Capital offers short-term, secured, non banking or hard money loans to real estate investors in Brooklyn, Queens, Bronx, Manhattan and Staten Island as well as Long Island and Westchester county 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.