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Community Housing Capital President Announces Retirement

Jack Gilbert, President and CEO of Community Housing Capital Announces Retirement

DECATUR, Ga. (PRWEB) February 27, 2018

After serving for the past eighteen years as the founding President and Chief Executive Officer of Community Housing Capital (CHC), Jack Gilbert has announced his retirement at the end of 2018.

According to CHC's Board of Directors Chair, Jim Paley, "Jack has been a true visionary in the community development financing industry. Under Jack's leadership, Community Housing Capital has become an extremely efficient and progressive lender that has made available much-needed financing to NeighborWorks® programs from coast to coast. His vision has set a gold standard for Community Development Financial Institutions nationwide."

"We started Community Housing Capital with the idea that a national community development financial institution (CDFI) intermediary could efficiently leverage scarce grant resources to secure significant private sector investments to make flexible loans to NeighborWorks organizations for the development and preservation of affordable housing. And it worked," said Jack Gilbert. The model has been quite successful. Since inception, CHC has originated more than 433 loans totaling $639 million to 139 NeighborWorks organizations in 42 states plus the District of Columbia, financing 17,915 units of affordable housing and facilitating more than $2.1 billion in real estate development. Loan losses-to-date, even during the Great Recession, have totaled only 53 basis points on nearly $639 million in lending.

Comparing Manhattan Bridge Capital (NASDAQ:LOAN) and Invesco Mortgage Capital (IVR)

About Manhattan Bridge Capital

Manhattan Bridge Capital, Inc. (MBC) is a real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. The Company offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area. Its primary business objective is to grow its loan portfolio while protecting and preserving capital in a manner that provides for risk-adjusted returns to its shareholders over the long term through dividends. It intends to achieve this objective by continuing to selectively originate, fund loans secured by first mortgages on residential real estate held for investment located in the New York metropolitan area, and to manage and service its portfolio in a manner designed to generate risk-adjusted returns across a range of market conditions and economic cycles. Its loan portfolio includes various construction loans.

Does Capital One have a loan that I can use to pay off another credit card, besides a home loan?

I do not own a home. My Capital One interest rate is about half of my other credit card.

They offer personal unsecured loans, but make sure your credit is good before applying.