Recent news highlights include a retreat in Q1 profit, a decrease in Q2 2025 revenue with stabilized net income, and ongoing dividend declarations. Discussions of potential upcoming dividend runs have also been reported.

• Manhattan Bridge Capital announced a retreat in Q1 profit, reflecting challenges in the operating environment [N2].
• The company reported a 3.6% revenue decrease in Q2 2025 with stabilized net income, indicating some operational resilience [N3].
• Quarterly dividends of approximately $0.115 per share have been declared and paid, supporting the company’s income distribution focus [N5][N7].
• Discussions of an upcoming dividend run for LOAN have appeared, highlighting investor interest in dividend income [N1].
• The company continues to manage its loan portfolio and capital structure amid competitive and market challenges [N4].

The company’s ability to capitalize on the supply-demand imbalance for relatively small real estate loans in its target markets supports its loan origination activities. Its flexible loan structuring and quick funding capabilities appeal to small-scale developers and investors who may face challenges obtaining financing from traditional lenders. The experienced management team and disciplined underwriting culture help protect capital and generate attractive risk-adjusted returns. The company’s REIT status and consistent dividend payments provide a steady income stream to shareholders. Recent improvements in loan demand and portfolio turnover indicate operational responsiveness to market conditions [S1][N1][N2].

Manhattan Bridge Capital operates in a highly competitive market with numerous institutional and private lenders that may have greater financial resources and name recognition. Concentration risk exists due to significant exposure to a few borrowers, which could materially impact financial results if defaults occur. The company’s reliance on short-term loans with balloon payments exposes it to refinancing and credit risk, especially in volatile real estate markets. Interest rate increases have led to higher borrowing costs and slower loan origination activity, which may pressure profitability. Compliance with credit line covenants and restrictions could limit operational flexibility and dividend payments. The company’s relatively small scale and geographic concentration may also pose risks [S1][S19].

Manhattan Bridge Capital's competitive strengths include an experienced management team with expertise in hard money lending, long-standing relationships with repeat customers and referral sources, and intimate knowledge of the New York metropolitan real estate market. The company employs a disciplined lending approach with rigorous underwriting and credit evaluation, supported by a vertically integrated loan origination platform. Its ability to quickly structure flexible loan terms tailored to borrower needs provides a competitive advantage over traditional lenders. Additionally, the company has no legacy distressed assets, which helps maintain attractive returns and management focus. These factors collectively contribute to a niche position in the small real estate developer lending market [S1][S4].

• Concentration Risk: Loans to a few borrowers represent over 10% of the loan portfolio, posing a risk of material adverse impact if defaults occur.
• Market Competition: The company faces competition from banks, institutional lenders, and private equity funds with greater resources and established relationships.
• Interest Rate Risk: Rising interest rates increase borrowing costs and may reduce loan demand, affecting profitability.
• Credit and Refinancing Risk: Short-term loans with balloon payments expose the company to refinancing risk and potential credit losses.
• Credit Line Covenants: Existing credit facilities impose covenants and restrictions that may limit dividend payments and operational flexibility.

• Manhattan Bridge Capital, Inc. is a New York-based real estate finance company specializing in originating, servicing, and managing a portfolio of first mortgage loans secured by real estate in the New York metropolitan area (including New Jersey and Connecticut) and Florida [S1].
• The company offers short-term, secured, non-banking loans (hard money loans) primarily to real estate investors for acquisition, renovation, rehabilitation, or improvement of properties [S1].
• Loans typically have terms of one year, with interest rates generally fixed between 9% and 12.5%, and may include adjustable rate provisions tied to prime plus 3% [S1].
• Loan amounts range from $40,000 to a maximum of $3.6 million, with lending policy limits of the lower of 9.9% of the loan portfolio or $4 million per loan [S1].
• Loans are secured by first mortgage liens and personally guaranteed by borrower principals, sometimes with collateral pledges [S1].
• The company operates as a REIT and distributes at least 90% of taxable income to shareholders, focusing on capital preservation and attractive risk-adjusted returns primarily through dividends [S1].
• Manhattan Bridge Capital has a disciplined underwriting and credit evaluation process, with a vertically integrated loan origination platform and experienced management team [S1].
• The company has no legacy distressed assets and has rarely foreclosed on properties, with one foreclosure lawsuit filed in 2023 that was resolved with full payoff [S1].
• The loan portfolio as of December 31, 2025, included 88 loans with a principal balance of approximately $60.7 million, mostly residential properties (93.18%) [S1].
• The weighted average contractual interest rate on loans was about 11.12%, with an average term to maturity of approximately 5.5 months [S1].
• The company has credit lines totaling $42.5 million with Webster Bank, Flushing Bank, and Valley National Bank, with borrowings subject to covenants and restrictions [S1,S16].
• Financial snapshot for Q2 2026 shows revenue of $2.045 million, net income of $1.152 million, and basic and diluted EPS of $0.10 [S2].
• Liquidity ratios as of June 30, 2026, include a current ratio of 3.6 and a cash ratio of 0.02, with cash and equivalents of $129,490 [S2].
• The company reported a decrease in revenue and net income in recent quarters compared to prior periods, with Q1 2026 profit retreat noted [N2].
• Manhattan Bridge Capital regularly declares and pays quarterly dividends, with recent dividends around $0.115 per share [N5,N7].
• The company’s business benefits from repeat customers and referrals, with new business also sourced from brokers and limited advertising [S1,S6].
• The company faces competition from banks, institutional lenders, specialty finance companies, and private equity funds, but benefits from its ability to close loans quickly and structure flexible terms [S1].
• Concentration risk exists with loans to a few borrowers representing over 10% of the loan portfolio, which could materially impact results if defaults occur [S19].
• Recent news highlights include discussions of dividend runs, Q1 profit retreat, and Q2 2025 revenue decrease with stabilized net income [N1,N2,N3].