Manhattan Bridge Capital raises loan limits to $2M, expands into Florida

MANHATTAN BRIDGE CAPITAL, INC

Individual loan limit increased from $1M to $2M per amendment to credit agreement.
Concentration per mortgagor raised from $2.5M to $5M.
Company permitted to originate loans in Florida counties south of Palm Beach and Lee, up to $4.875M.
Amendment with lenders Webster, Flushing, and Mizrahi; Assaf Ran remains guarantor.

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