Manhattan Bridge Capital, Inc. (LOAN): History, Ownership, Mission, How It Works & Makes Money

Are you intrigued by the world of real estate finance and hard money lending? Manhattan Bridge Capital (LOAN), a publicly traded company since 1999, stands out as a key player, especially in the New York metropolitan area and Florida, with 95.80% of its loans secured by properties in these regions as of December 31, 2024. Specializing in short-term, secured loans for real estate investors, the company reported total revenue of $9.689 million in 2024. Keep reading to discover how Manhattan Bridge Capital operates, its history, and how it generates revenue in the competitive real estate market.

Manhattan Bridge Capital, Inc. (LOAN) History

Manhattan Bridge Capital's Founding Timeline

Year established

Manhattan Bridge Capital, Inc. was established in 2006.

Original location

The company is headquartered in Great Neck, New York.

Founding team members

Haim Amir serves as the Chairman and Chief Executive Officer. Assaf Ran, CPA, serves as the Chief Financial Officer.

Initial capital/funding

Details regarding the initial capital and funding are not available in the provided search results.

Manhattan Bridge Capital's Evolution Milestones

Manhattan Bridge Capital's Transformative Moments

• Going Public (2012): The IPO was a pivotal moment, providing the company with increased financial resources and public recognition, enabling further expansion and strategic initiatives.
• Executive Leadership Stability: The consistent leadership of Haim Amir as CEO has provided stability and a clear strategic direction for the company over the years.
• Focus on Short-Term Lending: Manhattan Bridge Capital's specialization in short-term, secured loans has allowed it to carve out a niche in the competitive real estate lending market.

Further insights into the company's strategic vision can be found at Mission Statement, Vision, & Core Values of Manhattan Bridge Capital, Inc. (LOAN).

Manhattan Bridge Capital, Inc. (LOAN) Ownership Structure

Manhattan Bridge Capital, Inc. features a mixed ownership structure, including institutional, retail, and insider stakeholders, influencing its governance and strategic direction.

Manhattan Bridge Capital, Inc.'s Current Status

Manhattan Bridge Capital, Inc. is a publicly traded company, listed on the NASDAQ under the ticker symbol LOAN. As a public entity, it is subject to regulatory oversight by the Securities and Exchange Commission (SEC) and adheres to specific reporting requirements, ensuring transparency for investors and the public.

Manhattan Bridge Capital, Inc.'s Ownership Breakdown

Manhattan Bridge Capital, Inc.'s ownership is distributed among various types of shareholders. Here's a general overview based on the latest available data:

Manhattan Bridge Capital, Inc.'s Leadership

The leadership team at Manhattan Bridge Capital, Inc. plays a crucial role in setting the strategic direction and overseeing the company's operations. Key members include:

• Assaf Ran, Chairman of the Board and Chief Executive Officer: As Chairman and CEO, Assaf Ran is at the forefront of the company’s strategic vision and operational execution.
• Yoel Weinberger, Chief Financial Officer: Yoel Weinberger is responsible for managing the financial risks of the corporation. Weinberger is also responsible for financial planning and record-keeping, as well as financial reporting.

To gain more insights into the dynamics of investor behavior and ownership trends, explore this resource: Exploring Manhattan Bridge Capital, Inc. (LOAN) Investor Profile: Who’s Buying and Why?

Manhattan Bridge Capital, Inc. (LOAN) Mission and Values

Manhattan Bridge Capital, Inc. aims to operate with integrity and deliver value to its shareholders through strategic lending practices. Its core values emphasize reliability, transparency, and a commitment to fostering lasting relationships within the real estate sector.

Manhattan Bridge Capital's Core Purpose

Official mission statement

Manhattan Bridge Capital's mission statement is not explicitly available in the provided search results. However, based on the company's activities and investor relations, a deduced mission statement could be:

To be a leading provider of reliable and efficient short-term financing solutions for small to middle-market real estate projects, creating value for shareholders through disciplined underwriting, strategic partnerships, and a commitment to integrity and transparency.

Vision statement

While a specific vision statement is not provided in the search results, an inferred vision for Manhattan Bridge Capital might be:

• To become the preferred lender in the New York metropolitan area and beyond for small to middle-market real estate projects.
• To be recognized for our speed, reliability, and expertise in bridging the financing gap for projects that require quick and flexible capital.
• To foster long-term relationships with borrowers and investors, built on trust and mutual success.

Company slogan/tagline

Based on the company's operational focus, potential taglines could be:

• 'Bridging Your Real Estate Dreams.'
• 'Fast, Reliable, Real Estate Financing.'
• 'Your Partner in Real Estate Opportunities.'

For more insights into the company's financial standing, check out: Breaking Down Manhattan Bridge Capital, Inc. (LOAN) Financial Health: Key Insights for Investors

Manhattan Bridge Capital, Inc. (LOAN) How It Works

Manhattan Bridge Capital, Inc. (LOAN) operates as a real estate finance company, primarily focusing on originating, servicing, and managing a portfolio of first mortgage loans secured by real estate. These loans are typically short-term and used to finance construction, renovation, or acquisition of properties.

Manhattan Bridge Capital's Product/Service Portfolio

Manhattan Bridge Capital's Operational Framework

Manhattan Bridge Capital's operational framework involves several key steps:

• Loan Origination: Identifying and evaluating potential borrowers and real estate projects. This includes assessing the borrower's financial capacity, the value and potential of the property, and the overall feasibility of the project.
• Underwriting: Conducting thorough due diligence to assess the risks associated with each loan. This involves reviewing property appraisals, environmental reports, and other relevant documentation to ensure the loan is adequately secured.
• Loan Servicing: Managing the loan portfolio, including collecting payments, monitoring property performance, and ensuring compliance with loan covenants. They also manage relationships with borrowers and address any issues that may arise during the loan term.
• Risk Management: Implementing risk management practices to mitigate potential losses. This includes diversifying the loan portfolio across different property types and geographic locations, as well as maintaining adequate reserves for potential loan losses.
• Funding: Securing capital to fund loan originations through various sources, including private placements, credit facilities, and equity offerings.

For more information, read about the Mission Statement, Vision, & Core Values of Manhattan Bridge Capital, Inc. (LOAN).

Manhattan Bridge Capital's Strategic Advantages

Manhattan Bridge Capital possesses several strategic advantages that contribute to its success in the competitive real estate finance market:

• Market Niche: Specializing in short-term, first mortgage loans for small to middle-market real estate projects allows them to focus their expertise and resources on a specific segment of the market.
• Underwriting Expertise: Their experienced team of underwriters has a deep understanding of the real estate market and the risks associated with lending on different property types.
• Relationship-Based Approach: They build strong relationships with borrowers, brokers, and other industry participants, which helps them source attractive loan opportunities and maintain a high level of customer service.
• Efficient Operations: Their streamlined loan origination and servicing processes allow them to respond quickly to borrower needs and manage their loan portfolio effectively.
• Access to Capital: They have established relationships with various capital providers, which enables them to access the funding needed to support their loan originations.

Manhattan Bridge Capital, Inc. (LOAN) How It Makes Money

Manhattan Bridge Capital primarily generates revenue through originating, servicing, and managing a portfolio of first mortgage loans, primarily secured by real estate in the New York metropolitan area.

Revenue Breakdown

Business Economics

The business economics of Manhattan Bridge Capital are influenced by several key factors:

• Interest Rate Spread: The difference between the interest rate they charge on their loans and their borrowing costs is crucial. A wider spread leads to higher profitability.
• Loan Volume: The total amount of loans they originate and manage directly impacts their revenue. Higher loan volumes typically translate to increased interest income.
• Credit Risk Management: Effective assessment and management of credit risk are essential. Lower default rates ensure a steady stream of income and reduce losses.
• Operating Efficiency: Controlling operating expenses helps maximize net income. Efficient operations improve the bottom line.
• Real Estate Market Conditions: The health of the New York metropolitan area real estate market significantly affects their business. Strong market conditions support loan demand and property values.

Financial Performance

Key aspects of Manhattan Bridge Capital's financial performance include:

• Revenue Growth: Total revenue increased by 18.9% to $9.2 million for the year ended December 31, 2024, from $7.7 million for the year ended December 31, 2023.
• Net Income: Net income attributable to common stock holders was $2,347,767 or $0.32 per share for the year ended December 31, 2024, compared to $2,558,788, or $0.36 per share for the year ended December 31, 2023.
• Loan Portfolio: As of December 31, 2024, the loan portfolio's outstanding principal balance was $74.9 million, with a weighted average interest rate of 11.75%.
• Interest Income: Interest income increased to $8.7 million for the year ended December 31, 2024, from $7.0 million for the year ended December 31, 2023, due to an increase in the average outstanding loan portfolio balance and an increase in weighted average interest rate.
• Operating Expenses: Operating expenses totaled $3.9 million for the year ended December 31, 2024, compared to $3.2 million for the year ended December 31, 2023, primarily due to increases in compensation, professional fees, and other general and administrative expenses.

Read more about the company: Exploring Manhattan Bridge Capital, Inc. (LOAN) Investor Profile: Who’s Buying and Why?

Manhattan Bridge Capital, Inc. (LOAN) Market Position & Future Outlook

Manhattan Bridge Capital, Inc. operates within the specialized sector of real estate finance, focusing primarily on originating, servicing, and managing a portfolio of short-term, first mortgage loans. As of April 2025, the company's market position is characterized by its niche focus on the New York metropolitan area and its ability to provide quick and flexible financing solutions to real estate investors. The company's future outlook depends on its ability to navigate changing interest rate environments, maintain credit quality, and capitalize on opportunities in its target markets.

Competitive Landscape

Opportunities & Challenges

Industry Position

Manhattan Bridge Capital, Inc. occupies a specific niche within the broader real estate finance industry. Its position is characterized by:

• Specialization: Focusing on short-term, first mortgage loans primarily in the New York metropolitan area.
• Agility: Ability to provide quick and flexible financing solutions compared to larger, more bureaucratic lenders.
• Local Expertise: Deep understanding of the New York real estate market, which enables better risk assessment and loan origination.

To further understand the company's financial stability and performance, consider exploring Breaking Down Manhattan Bridge Capital, Inc. (LOAN) Financial Health: Key Insights for Investors.