Manhattan Bridge Capital, Inc.
- Open
- 4.27
- Day high
- 4.27
- Day low
- 4.20
- Prev close
- 4.36
- Volume
- 56K
- Mkt cap
- $48M
- P/E (TTM)
- 9.6
- EPS (TTM)
- $0.44
- P/B
- 1.1
- P/S
- 5.7
- Yield
- 10.71%
- Per share
- $0.45
Manhattan Bridge Capital, Inc. (LOAN) is a Real Estate company listed on NASDAQ. The stock is down 23% over the past year.
Manhattan Bridge Capital, Inc. (LOAN) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
LOAN earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 16, 2026 | $0.11 | $0.11 | +0.0% | $2M | +0.0% |
| Mar 27, 2026 | $0.10 | $0.10 | +0.0% | $2M | -0.3% |
| Oct 24, 2025 | $0.12 | $0.11 | -8.3% | $2M | — |
| Jul 22, 2025 | $0.12 | $0.12 | +0.0% | $2M | — |
| Apr 24, 2025 | $0.12 | $0.12 | +0.0% | $2M | — |
| Mar 12, 2025 | $0.12 | $0.11 | -8.3% | $2M | — |
| Oct 23, 2024 | $0.12 | $0.12 | +0.0% | $2M | — |
| Jul 22, 2024 | $0.12 | $0.12 | +0.0% | $2M | +68.5% |
| Mar 11, 2024 | $0.12 | $0.12 | +0.0% | $3M | — |
| Jul 20, 2023 | $0.11 | $0.12 | +9.1% | $2M | — |
| Apr 19, 2023 | $0.10 | $0.11 | +10.0% | $2M | — |
| Mar 10, 2023 | $0.11 | $0.13 | +18.2% | $2M | — |
LOAN insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Nov 19, 2025 | Bentovim Lyron Ldirector | Buy | 1,757 | $4.52 |
| Nov 18, 2025 | RAN ASSAFdirector, 10 percent owner, officer: President and CEO | Buy | 4,000 | $4.65 |
| May 12, 2023 | RAN ASSAFdirector, 10 percent owner, officer: President and CEO | Buy | 5,000 | $4.94 |
| Apr 26, 2023 | RAN ASSAFdirector, 10 percent owner, officer: President and CEO | Buy | 960 | $4.97 |
| Apr 26, 2023 | RAN ASSAFdirector, 10 percent owner, officer: President and CEO | Buy | 319 | $5.05 |
| Apr 26, 2023 | RAN ASSAFdirector, 10 percent owner, officer: President and CEO | Buy | 1,721 | $5.00 |
| Apr 24, 2023 | RAN ASSAFdirector, 10 percent owner, officer: President and CEO | Buy | 5,000 | $5.01 |
| Oct 25, 2022 | RAN ASSAFofficer: President and CEO | Buy | 8,000 | $5.42 |
| Jun 17, 2022 | JACKSON MICHAELdirector: | Buy | 1,000 | $5.35 |
| Jun 17, 2022 | JACKSON MICHAELdirector | Buy | 1,344 | $5.35 |
| May 24, 2022 | JACKSON MICHAELdirector: | Buy | 2,000 | $5.40 |
| May 23, 2022 | JACKSON MICHAELdirector: | Buy | 2,000 | $5.36 |
| Jan 3, 2022 | RAN ASSAFdirector, 10 percent owner, officer: President and CEO | Buy | 5,000 | $5.71 |
| Oct 22, 2020 | Bentovim Lyron Ldirector | Buy | 32,287 | $4.19 |
| Oct 22, 2020 | Bentovim Lyron Ldirector | Sell | 31,887 | $4.19 |
Source: LOAN SEC Form 4 filings, latest Nov 19, 2025. For informational purposes only — not investment advice.
See the full LOAN insider & 13F page →Manhattan Bridge Capital, Inc. company profile
Overview
Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) is a real estate investment trust (REIT) founded in 1989 and headquartered in Great Neck, New York. The company went public in 1999 and operates as a specialized real estate finance company that focuses on originating, servicing, and managing a portfolio of first mortgage loans. As a REIT, Manhattan Bridge Capital is required to distribute at least 90% of its taxable income to shareholders to maintain its tax-advantaged status, making it primarily an income-generating investment vehicle for shareholders seeking regular dividend distributions.
Business
Manhattan Bridge Capital operates in the private real estate lending sector, specifically focusing on bridge loans and short-term financing solutions for real estate investors. The company's core business involves originating first mortgage loans that are secured by real estate properties and typically accompanied by personal guarantees from borrowers. The company's primary service offering consists of short-term, secured, non-banking loans to real estate investors who need quick financing to acquire, renovate, rehabilitate, or enhance properties. These loans are commonly known as "bridge loans" because they provide temporary financing that "bridges" the gap between a property purchase and either a permanent mortgage or the sale of the property. Bridge loans are essential in the real estate investment ecosystem because traditional bank financing can be too slow or restrictive for investors who need to act quickly on property opportunities or who are working with properties that don't yet meet conventional lending standards. Manhattan Bridge Capital's geographic focus is concentrated in two primary markets: the New York metropolitan area (including New Jersey and Connecticut) and Florida. This geographic concentration allows the company to develop deep expertise in local real estate markets, property values, and regulatory environments, which is crucial for effective risk assessment in real estate lending. The company operates as a single business segment focused entirely on real estate lending, with virtually 100% of revenue derived from interest income on its loan portfolio. Unlike diversified financial institutions, Manhattan Bridge Capital maintains a narrow focus on this specific niche of real estate finance.
Revenue model
Manhattan Bridge Capital generates revenue primarily through interest income from its portfolio of first mortgage loans. The company's business model is straightforward: it uses its capital to originate loans to real estate investors at interest rates that provide attractive spreads above its cost of capital. Based on recent financial data, the company typically generates annual revenues in the $7-10 million range, with net income margins consistently above 50%, indicating a highly profitable lending operation. The company's customers are real estate investors and developers who require quick, flexible financing solutions that traditional banks cannot provide efficiently. These borrowers are typically willing to pay premium interest rates (often in the 10-15% range) in exchange for speed, flexibility, and the ability to finance properties that may not qualify for conventional bank loans due to condition, intended use, or timing constraints. Several factors can significantly impact Manhattan Bridge Capital's profitability margins. Interest rate environments directly affect both the company's cost of capital and the rates it can charge borrowers - rising rates generally benefit the company's spread if it can pass increases through to new loans faster than its funding costs increase. Real estate market conditions in the New York metropolitan area and Florida are crucial, as property values directly impact loan security and default risk. Competition from other private lenders and changes in traditional bank lending practices can pressure the interest rates the company can charge. Credit quality and default rates are perhaps the most critical factors, as the company's high margins can be quickly eroded by loan losses. Finally, regulatory changes affecting REIT operations or real estate lending practices could impact the company's operational flexibility and tax advantages.
Competitive moat
Manhattan Bridge Capital's competitive moat is relatively narrow and primarily based on local market expertise and established relationships rather than significant structural advantages. The company's main competitive advantages include its deep knowledge of New York metropolitan area and Florida real estate markets, which allows for better risk assessment and pricing decisions. Additionally, the company has built established relationships with real estate investors and brokers in these markets, providing a steady pipeline of loan opportunities. However, the company's moat faces several vulnerabilities. The private lending industry has relatively low barriers to entry, as other well-capitalized entities can enter the market and compete directly for the same borrowers. Traditional banks expanding their bridge lending operations represent a significant competitive threat, as they can potentially offer lower rates due to their lower cost of capital. Alternative lending platforms and fintech companies are increasingly entering the real estate lending space with technology-driven solutions that could disrupt traditional relationship-based lending models. The company's geographic concentration, while providing expertise benefits, also creates vulnerability to regional economic downturns or real estate market corrections in its core markets. Furthermore, the company's relatively small size (with assets under $70 million) limits its ability to compete for larger deals and may make it vulnerable to acquisition by larger competitors. Overall, Manhattan Bridge Capital operates in a competitive niche with modest defensive characteristics, making consistent execution and market positioning critical for maintaining its competitive position.
Risks & safety
Manhattan Bridge Capital demonstrates moderate financial safety with some areas of strength and concern. • Liquidity position: The company maintains minimal cash reserves (around $200,000 as of Q1 2025), which creates potential liquidity constraints during market stress or rapid growth periods. • Debt levels: Debt-to-equity ratio of approximately 0.48 indicates moderate leverage, which is reasonable for a lending business but requires careful management during credit cycles. • Asset quality: Total assets of $65.8 million are primarily composed of the loan portfolio, with asset quality dependent on borrower performance and underlying real estate values. • Valuation metrics: Trading at a P/E ratio of approximately 12.3x and price-to-book ratio of 1.56x, suggesting reasonable but not bargain valuations. • Profitability consistency: Strong and consistent profitability with net income margins above 50% and steady cash flow generation provides earnings stability. • Other considerations: As a REIT, the company benefits from tax advantages but is required to distribute most earnings, limiting capital retention for growth and creating dependence on external financing for expansion.
Recent development
Based on the available financial data, Manhattan Bridge Capital has maintained a steady operational approach with consistent focus on its core bridge lending business. Over the past few years, the company has demonstrated stable revenue generation with annual revenues ranging from approximately $6.8 million in 2022 to $9.7 million in 2024, showing modest growth trajectory. The company has maintained its geographic focus on the New York metropolitan area and Florida markets, continuing to leverage its local market expertise rather than expanding into new territories. This strategic consistency reflects management's belief in the strength of these core markets and their ability to generate attractive risk-adjusted returns. Profitability metrics have remained strong and consistent, with the company maintaining net income margins consistently above 50% across recent years. This demonstrates effective cost management and pricing discipline in the lending operations. The company has also maintained its dividend distribution policy as required by its REIT status, providing regular income to shareholders. Recent financial performance shows the company successfully navigating various interest rate environments while maintaining its lending spreads. The consistency in operational metrics suggests management has focused on execution within their established business model rather than pursuing major strategic pivots or new product launches.
LOAN company profile · for informational purposes only — not investment advice.
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