Manhattan Bridge SEC Filings

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.

Manhattan Bridge Capital, Inc. entered into an amendment to its Amended and Restated Credit and Security Agreement. The amendment extends the term of the credit facility through March 31, 2026, keeping the company’s revolving line of credit in place for a longer period.

The changes also reflect the departure of Mizrahi Tefahot Bank Ltd. as a lender and a reallocation of commitments among the remaining lenders. In connection with this, the company issued a Second Amended and Restated Revolving Credit Note in favor of Webster Bank, increasing the note’s original principal amount from $15,000,000 to $22,500,000. The detailed terms are set out in the amendment and the new Webster note attached as exhibits.

Manhattan Bridge Capital, Inc., through its wholly owned subsidiary MBC Funding II Corp., entered into a new revolving credit facility with Valley National Bank for up to $10,000,000. The line of credit is secured by an all-assets security agreement and is supported by guarantees from the company and from Assaf Ran, whose personal liability is capped at $500,000.

Borrowings under the note mature on the earlier of December 12, 2027 or an event of default and bear interest at a floating rate equal to Term SOFR, with a 3.00% floor, plus 2.95% per year. MBC Funding II will also pay a 0.20% upfront fee on the total commitment and a 0.25% annual fee on the average unused portion of the facility. The agreement includes customary covenants, reporting requirements and events of default.

Separately, MBC Funding II completed the redemption of all $6,000,000 principal amount of its 6.00% Senior Secured Notes due April 22, 2026 at 100% of principal plus accrued and unpaid interest on December 15, 2025, and no such notes remain outstanding. The company also entered into Amendment No. 8 to its existing credit and security agreement to permit the new facility and related guarantees.

Manhattan Bridge Capital, Inc. and its subsidiary MBC Funding II Corp. announced a full redemption of MBC Funding II’s 6.00% Senior Secured Notes due April 22, 2026. These Notes, originally issued with an aggregate principal amount of $6,000,000 and trading on NYSE American under the symbol LOAN/26, carry interest at 6.00% per year, paid monthly on the 15th of each month.

All outstanding Notes are scheduled to be redeemed on December 15, 2025 at a price equal to 100% of the outstanding principal plus accrued and unpaid interest up to, but excluding, the redemption date. After this redemption is completed, no Notes will remain outstanding and they will be removed from listing on NYSE American.

Manhattan Bridge Capital, Inc. announced that its Board of Directors has authorized a share buyback program allowing the company to repurchase up to 100,000 shares of its common stock. The company may carry out these repurchases through open market purchases, privately negotiated transactions or other methods, providing flexibility in how the program is executed. The authorization runs for 12 months and does not require the company to buy any specific number of shares, and the Board may terminate, increase or decrease the program at its discretion.

Manhattan Bridge Capital, Inc. (LOAN) reported an insider share purchase by a company director. On 11/19/2025, the reporting person bought 1,757 shares of common stock in an open market transaction coded "P" (purchase) at a price of $4.52 per share. After this transaction, the director beneficially owns 41,044 common shares, held as a direct ownership position.

Manhattan Bridge Capital, Inc. insider Assaf Ran, who serves as President, CEO, Director, and a 10% owner, reported a purchase of common stock. On 11/17/2025, he acquired 4,000 shares of LOAN common stock at a price of $4.65 per share. Following this transaction, he directly owns 1,227,000 shares and indirectly owns 1,383,000 shares through a wholly owned corporation. This filing documents a personal open-market purchase by a senior executive and significant shareholder.