 GREAT NECK, N.Y., July 09, 2021 GLOBE NEWSWIRE -- Manhattan Bridge Capital, Inc. NasdaqCM: LOAN, or Manhattan Bridge Capital, a real estate finance company specializing in originating, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real estate, today announced the closing of its previously announced underwritten public offering of 1,875,000 common shares, par value 0.001 per share, at a price to the public of 7.20 per share. In connection with the offering, the Company has also granted the underwriter a 30-day option to purchase up to an additional 281,250 common shares offered in the public offering, at the same public offering price per share, less underwriting discounts and commissions, to cover over-allotments, if any. The Company intends to use the net proceeds from the offering primarily to reduce the outstanding balance of its existing credit line, and in the event that additional proceeds remain, to increase its loan portfolio and for general corporate purposes and working capital. 