Manhattan Bridge Capital (NASDAQ: LOAN) is a short-term mortgage lending company that originates, services, and manages a portfolio of first mortgage loans secured by real property. It makes money by charging interest on short-term loans extended to real estate investors, with borrowings funded partly through credit facilities with Webster Bank, Flushing Bank, and Valley National Bank. As of December 31, 2025, the company maintained up to $32.5 million available under the Webster Credit Line and up to $10.0 million under the Valley Credit Line, with $11,558,632 outstanding under the Webster facility. The company operates with a six-person internal team, headquartered at 60 Cutter Mill Road, Great Neck, New York, and relies on repeat borrowers, real estate brokers, loan initiators, and mortgage brokers to source new loans. Assaf Ran serves as President, Chief Executive Officer, and Chairman of the Board.

Revenue model

Interest income on short-term first mortgage loans secured by real property. Loans are funded through bank credit facilities and the company's own capital. The credit facilities carry floating rates tied to SOFR, at 7.3% for the Webster Credit Line and 6.7% for the Valley Credit Line as of December 31, 2025.

Products and services

Short-term first mortgage loans secured by real property, originated directly to real estate investors. Loan underwriting is based on property value assessment, borrower creditworthiness, title and lien searches, and third-party credit reports.

Customers and end markets

Real estate investors seeking short-term mortgage financing. A principal source of new transactions is repeat business from prior borrowers and their referrals, as disclosed in the FY2025 10-K filed March 27, 2026.

Value-chain role

Direct lender and loan servicer. Originates, underwrites, funds, and services its own mortgage loan portfolio. Uses outside lawyers and independent professionals for title verification, lien filing, and transaction closing.

Geographic exposure

Operations based in Great Neck, New York. Filing excerpts indicate focus on real property collateral but do not specify a broader geographic footprint beyond this.

Source: SEC 10-K, filed 2026-03-27

Industry: Real Estate Investment Trusts Peers: Acres Commercial Realty Corp Annaly Capital Management Inc Arlington Asset Investment Corp. Bimini Capital Management Inc Ellington Credit Co Western Asset Mortgage Capital Corp