Manhattan Bridge Capital, Inc. filings document the public-company disclosures of a real estate finance lender with common stock listed under LOAN. Form 8-K reports cover credit and security agreements, revolving credit notes, lines of credit, guarantees, and other financing arrangements used by the company and its wholly owned subsidiary, MBC Funding II Corp.
Its regulatory record also includes disclosures on senior secured notes issued by MBC Funding II, share repurchase authorization, annual meeting voting results, auditor ratification, executive-compensation votes, and definitive proxy materials covering board elections and shareholder governance matters.
Manhattan Bridge Capital, Inc. (LOAN) President and CEO Assaf Ran, a director and 10% owner, purchased 10,000 shares of common stock in six direct transactions on October 22, 2026. No Rule 10b5-1 plan is reported for these purchases.
Manhattan Bridge Capital, Inc. (LOAN) reported third-quarter revenue of $2,053,558 versus $2,035,753 and net income of $1,238,462 versus $1,202,180. For the first nine months, revenue fell to $6,166,405 from $6,664,702, and net income to $3,665,433 from $3,988,282. Management attributed the nine-month revenue decline mainly to lower loan rates and origination fees amid increased competition.
Outstanding loans were $60,072,315 as of September 30, 2026; $4,882,283 of construction-loan commitments could be drawn when certain conditions are met. Nine-month operating cash flow was $4,026,477 versus $3,806,024. On October 8, the board raised repurchase authorization to 250,000 shares for a new 12-month period; a $0.11-per-share dividend totaling $1,250,834 was paid October 15.
One Florida borrower had approximately $935,000 in principal outstanding and remained delinquent on interest. Foreclosure proceedings were pending; management said no allowance for credit losses was required as of September 30, while ultimate recovery remained uncertain.
Manhattan Bridge Capital, Inc. increased the aggregate number of shares authorized for repurchase under its existing program from 100,000 to 250,000 common shares and extended the program for an additional 12 months. The company may purchase up to 250,000 common shares in aggregate from time to time through open-market, privately negotiated or other transactions. The program does not obligate the company to buy shares and expires 12 months from the Board’s approval of the extension. The Board may terminate, increase or decrease the authorization at any time.
MANHATTAN BRIDGE CAPITAL, INC reporting person Ran Assaf, who is a director, President and CEO, and more-than-10% owner, purchased 8,000 shares of Common Stock on July 28, 2026 at $3.99 per share in an open-market or private transaction.
After this purchase, he directly owns 1,235,000 shares of Common Stock and indirectly holds 1,383,000 shares through a wholly owned corporation.
Manhattan Bridge Capital, Inc. reported lower results for the quarter and six months ended June 30, 2026. Q2 2026 revenue was $2,045,203, down 13.2% year over year, and net income was $1,152,647, down 18.4%, mainly due to lower loan interest rates, reduced origination fees, and discretionary payoff credits amid increased competition.
For the first half of 2026, revenue was $4,112,847 and net income $2,426,971, both below 2025 levels, though interest expense declined as average borrowings and SOFR rates fell. Loans receivable, net, were $61,772,768, with total assets of $63,993,524. One Florida borrower with about $935,000 outstanding is delinquent; foreclosure counsel has been engaged, but management believes collateral value substantially exceeds the balance and recorded no credit loss allowance.
The company finances its portfolio primarily through a $32.5 million Webster Credit Line (maturing February 28, 2029) and a $10.0 million Valley Credit Line (maturing December 12, 2027), with borrowings of $13,266,966 and $6,042,500, respectively, at rates of roughly 6.9% and 6.6%. As a REIT, it continues to pay regular dividends, including a $0.11 per share cash dividend (aggregate $1,256,806) paid July 15, 2026, and has repurchased 13,142 shares under a 100,000-share buyback authorization.
Manhattan Bridge Capital, Inc. reported the results of its 2026 Annual Meeting of Shareholders held on June 18, 2026. Shareholders elected six directors, with support ranging from 4,831,640 to 4,890,307 votes in favor for each nominee and 3,339,438 broker non-votes recorded.
Shareholders also gave advisory approval to appoint Hoberman & Lesser, LLP as independent auditors for the fiscal year ending December 31, 2026, with 8,255,336 votes for, 79,715 against, and 103,252 abstentions.
Manhattan Bridge Capital, Inc. plans its 2026 annual shareholder meeting on June 18, 2026 in New York. Shareholders will vote to elect six directors and give advisory approval to the appointment of Hoberman & Lesser CPA’s, LLP as independent auditors for the fiscal year ending December 31, 2026.
Shareholders of record on April 24, 2026, when 11,429,351 common shares were outstanding, are entitled to one vote per share. The proxy explains voting procedures, board and committee structure, and independence, as well as the company’s code of ethics and insider trading and anti-hedging policies.
It also details 2025 executive pay: CEO Assaf Ran received total compensation of $406,785 and CFO Vanessa Kao received $250,545. A pay-versus-performance table shows compensation alongside total shareholder return and net income, which was about $5.1 million in 2025, slightly lower than 2024. The proxy includes director compensation, outstanding restricted stock held by the CEO, beneficial ownership data, and audit fees.
Manhattan Bridge Capital reported modestly softer results for the three months ended March 31, 2026. Total revenue was about $2.07 million, down from roughly $2.27 million a year earlier, as interest income and origination fees both declined. Net income slipped to approximately $1.27 million, or $0.11 per basic and diluted share, compared with about $1.37 million, or $0.12 per share, in the prior-year quarter.
Loans receivable, net, increased to roughly $61.9 million from $60.2 million at year-end 2025, while total assets reached about $64.3 million. Borrowings on credit lines rose to approximately $19.4 million, supporting continued lending activity. The company extended its primary $32.5 million Webster revolving credit facility to February 28, 2029 and remained in covenant compliance. It also continued returning cash to shareholders, declaring and paying quarterly cash dividends of $0.11 per share, and repurchasing a small number of shares under its authorized buyback program. Management reported no loan impairments and continues to operate as a single real estate lending segment.
Manhattan Bridge Capital is a New York-based real estate finance company and REIT focused on short-term, first-mortgage "hard money" loans to small real estate investors in the New York metropolitan area, New Jersey, Connecticut and Florida. It targets acquisition, renovation and construction projects, usually lending up to 75% of property value or 80% of construction costs.
For 2025, the company originated $35.3 million of loans and had $60.7 million of interest-earning loans across 88 positions, with a weighted average contractual rate of 11.12%. Mortgage lending revenues were $8.7 million, with most loans secured by residential properties and 93% in the New York metro region. Capitalization included $17.6 million drawn on bank credit lines and $43.1 million of equity.
As a REIT, Manhattan Bridge Capital must distribute at least 90% of its taxable income and enforces a 4.0% ownership limit (excluding its CEO) to help preserve REIT status. Key risks include funding availability, interest-rate sensitivity, geographic and borrower concentration, leverage covenants, credit losses, cybersecurity, and maintaining exemptions from the Investment Company Act.