LOAN on Nasdaq

MANHATTAN BRIDGE CAPITAL, INC

MANHATTAN BRIDGE CAPITAL, INC is an American real estate investment trust, incorporated in New York.1 It is headquartered in Great Neck, New York.1 Its shares trade on Nasdaq under the symbol LOAN.1

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Last updated Oct 20, 2026.

Overview

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  • TickerLOAN on Nasdaq1
  • IndustryReal Estate Investment Trusts1
  • HeadquartersGreat Neck, New York1
  • Incorporated inNY2
  • Business address60 Cutter Mill Rd.,, Suite 205, Great Neck,, Ny 110212
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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In addition, complying with the tests for such exclusion could restrict the time at which we can acquire and sell assets.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

58.8%Operating margin4
59.0%Net margin4
-10.6%Revenue growth, 20254
11.9%Return on equity4
$4.9MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs22¢$1.9M
  • Interest19¢$1.6M
  • Income tax0¢$1.2K
  • Profit59¢$5.1M

Out of $8.7M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending0¢$418
  • Dividends paid100¢$5.3M

Out of $4.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue56784$8.7M in 2025+18% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $7.3M$7.3M20192020: $7.0M$7.0M2020−5%2021: $6.8M$6.8M2021−3%2022: $8.6M$8.6M2022+26%2023: $9.8M$9.8M2023+14%2024: $9.7M$9.7M2024−1%2025: $8.7M$8.7M2025−11%
Operating income596784$5.1M in 2025+13% since 2019
0$2.0M$4.0M$6.0M2019: $4.5M$4.5M20192020: $4.2M$4.2M2020−6%2021: $4.4M$4.4M2021+5%2022: $5.2M$5.2M2022+18%2023: $5.4M$5.4M2023+5%2024: $5.6M$5.6M2024+2%2025: $5.1M$5.1M2025−9%
Net income596784$5.1M in 2025+14% since 2019
0$2.0M$4.0M$6.0M2019: $4.5M$4.5M20192020: $4.2M$4.2M2020−6%2021: $4.4M$4.4M2021+5%2022: $5.2M$5.2M2022+18%2023: $5.5M$5.5M2023+5%2024: $5.6M$5.6M2024+2%2025: $5.1M$5.1M2025−9%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Interest income from loans$7.2M$8.0M
Origination fees$1.5M$1.6M
Total Revenue$8.7M$9.7M
Interest and amortization of deferred financing costs$1.8M$2.3M
Referral fees$3.3K$1.8K
General and administrative expenses$1.8M$1.8M
Total operating costs and expenses$3.6M$4.1M
Income from operations$5.1M$5.6M
Other income$18.0K$18.0K
Income before income tax expense$5.1M$5.6M
Income tax expense-$1.2K-$650
Net income$5.1M$5.6M
Basic$0.45$0.49
Diluted$0.45$0.49
Basic11.4M shares11.4M shares
Diluted11.4M shares11.4M shares

Compare MANHATTAN BRIDGE CAPITAL, INC with another company

What it owns

What MANHATTAN BRIDGE CAPITAL, INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$101.2K4 Dec 31, 2025$154.0K4 Dec 31, 2024−34.3%

Properties, in its own words

Our executive and principal operating office is located in Great Neck, New York. We use this space for all of our operations. This space is occupied under a lease, as amended, that expires November 30, 2027. The current monthly rent is $5,475, including electricity and real estate taxes. We believe this facility is adequate to meet our requirements at our current level of business activity.

Item 2 of the 10-K filed Mar 27, 2026.3

Leadership

Who has led MANHATTAN BRIDGE CAPITAL, INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Assaf Ran2006–now

President

  1. Assaf Ran2006–now

Chief financial officer

  1. Inbar Evron-Yogev2006–2008
  2. Vanessa Kao2011–2020
2010201520202025
Board members and other officers (4)

Former names

  • DAG MEDIA INCMay 13, 1999 to Jun 25, 20082

Timeline

  1. Oct 9, 20268-K Other events18
  2. Jun 18, 20268-K Shareholder vote19
  3. Feb 25, 20268-K Entered a material agreement20
  4. Nov 20, 20258-K Other events21
  5. Jun 18, 20258-K Shareholder vote22
  6. Jun 20, 20248-K Shareholder vote23
  7. Nov 29, 20238-K Executive or director change24
  8. Jun 21, 20238-K Shareholder vote25
  9. Apr 12, 20238-K Other events26
  10. Feb 3, 20238-K Entered a material agreement27
  11. Jun 14, 20228-K Shareholder vote28
  12. Apr 25, 20228-K Entered a material agreement29
  13. Mar 17, 2006New chief executive Assaf Ran becomes CEO12

Calendar

Coming up

  1. Oct 23, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.11 a share, on Oct 24, 2025.30

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

56 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 12 major events, 11 insider forms, 13 other. The latest 20:

  1. Oct 9, 20268-K EDGAR
  2. Jul 28, 20264 EDGAR
  3. Jul 23, 202610-Q EDGAR
  4. Jun 18, 20268-K EDGAR
  5. May 8, 2026ARS EDGAR
  6. May 8, 2026DEFA14A EDGAR
  7. May 8, 2026DEF 14A EDGAR
  8. Apr 16, 202610-Q EDGAR
  9. Mar 27, 202610-K EDGAR
  10. Feb 25, 20268-K EDGAR
  11. Nov 20, 20258-K EDGAR
  12. Nov 19, 20254 EDGAR
  13. Nov 18, 20254 EDGAR
  14. Oct 24, 202510-Q EDGAR
  15. Jul 22, 202510-Q EDGAR
  16. Jun 18, 20258-K EDGAR
  17. May 7, 2025ARS EDGAR
  18. May 7, 2025DEFA14A EDGAR
  19. May 7, 2025DEF 14A EDGAR
  20. Apr 24, 202510-Q EDGAR

The 56 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

13 open-market trades by officers, directors and large owners since October 2021: 13 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 28, 2026RAN ASSAFPresident and CEOBuy8,000$3.99$31.9KForm 4
Nov 19, 2025Bentovim Lyron LDirectorBuy1,757$4.52$7.9KForm 4
Nov 17, 2025RAN ASSAFPresident and CEOBuy4,000$4.65$18.6KForm 4
May 12, 2023RAN ASSAFPresident and CEOBuy5,000$4.94$24.7KForm 4
Apr 26, 2023RAN ASSAFPresident and CEOBuy319$5.05$1.6KForm 4
Apr 25, 2023RAN ASSAFPresident and CEOBuy2,681$4.99$13.4KForm 4
Apr 24, 2023RAN ASSAFPresident and CEOBuy5,000$5.01$25.1KForm 4
Oct 21, 2022RAN ASSAFPresident and CEOBuy8,000$5.42$43.4KForm 4
Jun 17, 2022JACKSON MICHAELDirectorBuy1,000$5.35$5.3KForm 4
Jun 16, 2022JACKSON MICHAELDirectorBuy1,344$5.35$7.2KForm 4
May 23, 2022JACKSON MICHAELDirectorBuy2,000$5.40$10.8KForm 4
May 20, 2022JACKSON MICHAELDirectorBuy2,000$5.36$10.7KForm 4
Dec 30, 2021RAN ASSAFPresident and CEOBuy5,000$5.71$28.6KForm 4

From Forms 4 filed with the SEC.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Assaf Ran60$365.4K$406.8K31
2025Vanessa Kao48$185.0K$250.5K31
2024Chief Executive Officer and President$365.0K$445.9K31
2024Chief Financial OfficerVice President, Treasurer and Secretary$177.5K$227.5K31

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 45. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Melia Wealth LLC436,642$2.0M1.1%−4,588
Vanguard Capital Management LLC355,312$1.6M0.0%+12,406
Shufro Rose & Co LLC215,785$975.3K0.1%−2,000
Frazier Financial Advisors, LLC214,700$970.4K0.5%+10,834
Renaissance Technologies LLC186,628$843.6K0.0%−9,390
Geode Capital Management, LLC112,145$507.0K0.0%−13,630
Cary Street Partners Financial LLC321,838$321.8K0.0%+47,181
LPL Financial LLC57,374$259.3K0.0%−7,904
Schneider Downs Wealth Management Advisors, LP48,350$218.5K0.0%New
Vanguard Fiduciary Trust Co46,149$208.6K0.0%+351
BlackRock, Inc.43,878$198.3K0.0%+7,251
Morgan Stanley40,256$182.0K0.0%+1
Mariner, LLC36,843$166.5K0.0%No change
State Street Corp32,300$146.0K0.0%No change
Susquehanna International Group, Llp29,343$132.6K0.0%+16,235
International Assets Investment Management, LLC27,462$126.0K0.0%+196
Kestra Advisory Services, LLC23,877$107.9K0.0%−2,000
Beese Fulmer Investment Management, Inc.107,881$107.9K0.0%−14,579
Moneta Group Investment Advisors LLC22,997$103.9K0.0%−4,321
Northern Trust Corp21,407$96.8K0.0%+6,167
James Investment Research, Inc.21,186$95.8K0.0%No change
NewEdge Advisors, LLC21,186$95.8K0.0%No change
Bridgeway Capital Management, LLC15,416$69.7K0.0%−4,100
OLIO Financial Planning59,563$59.6K0.0%−3,421
RW Investment Management LLC12,959$58.6K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How MANHATTAN BRIDGE CAPITAL, INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMANHATTAN BRIDGE CAPITAL, INC1
  • CIK0001080340
  • Employer ID (EIN)11-34748313
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inNew York3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6798 Real Estate Investment Trusts1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address60 Cutter Mill Rd.,, Suite 205, Great Neck,, NY 110211
  • Phone(516) 444-34001
  • Shares outstanding11,425,509 as of Jul 23, 202611
  • Public float$47.2M as of Jun 30, 20253
  • AuditorHoberman & Lesser, CPA’s LLP, New York, New York PCAOB ID 694; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceMar 10, 19991
  • Filings547 in all: 4 (182), 8-K (85), 10-Q (57), DEF 14A (28), 10QSB (26), 10-K (18), 3 (14), ARS (14)1
    All 38 form types

    SC 13D/A (14), CORRESP (12), 10KSB (7), 4/A (7), 424B5 (6), EFFECT (6), S-11/A (6), 5 (5), DEFA14A (5), UPLOAD (5), 10KSB/A (4), 424B4 (4), 8-K/A (4), FWP (4), S-3 (4), SC 13D (4), PRE 14A (3), S-8 (3), SB-2/A (3), 10KSB40 (2), 10QSB/A (2), 144 (2), 424B2 (2), S-11 (2), S-3/A (2), 10-Q/A (1), 424B3 (1), 8-A12G (1), NT 10-Q (1), SB-2 (1)

  • Latest filingsAnnual report (10-K) Mar 27, 2026
    Quarterly report (10-Q) Jul 23, 2026
    Proxy statement (DEF 14A) May 8, 2026
    Latest 8-K (8-K) Oct 9, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.001 per shareLOANNasdaq

From the cover page of the 10-K filed Mar 27, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks MANHATTAN BRIDGE CAPITAL, INC names in Item 1A of its 10-K filed Mar 27, 2026: 56 risks under these headings, as written.3

  • Risks Relating to Our Business
  • Risks Related to Our Portfolio
  • Risks Related to Financing Transactions
  • Risks Related to REIT Status and Investment Company Act Exemption
  • Risks Related to Our Common Shares
  • Risks Related to Our Organization and Structure
  • General Risk Factors
  • Risks Related to Our Business
  • Our loan origination activities, revenues and profits are limited by available funds. If we do not increase our working capital, we will not be able to grow our business.
  • We operate in a highly competitive market and competition may limit our ability to originate loans with favorable interest rates.
  • We may change our investment, leverage, financing and operating strategies, policies or procedures without shareholder consent, which may adversely affect the market value of our common shares and our ability to make distributions to shareholders.
  • Management has broad authority to make lending decisions. If management fails to generate attractive risk-adjusted loans on a consistent basis, our revenue and income could be materially and adversely affected and the market price of a share of our common shares is likely to decrease.
The other 52 risks
  • Our Chief Executive Officer and Chief Financial Officer are each critical to our business and our future success may depend on our ability to retain them. In addition, as our business grows we will need to hire additional personnel.
  • Terrorist attacks and other acts of violence or war may affect the real estate industry generally and our business, financial condition and results of operations.
  • Our existing credit lines have numerous covenants. If we are unable to comply with these covenants, or obtain necessary waivers, the outstanding amount of our loans could become due and payable.
  • Our indebtedness could adversely affect our financial flexibility and our competitive position.
  • We may incur additional debt, which could exacerbate the risks associated with our leverage.
  • While we are implementing protocols to prevent future cyber-security incidents, these protocols may not prevent future incidents and any significant similar future incidents could expose us to liability and have a negative impact on our business and our reputation.
  • Interest rate fluctuations could reduce our ability to generate income and may cause losses.
  • Rising, declining, or volatile interest rates may reduce our profitability and may cause losses.
  • If we overestimate the yields on our loans or incorrectly value the collateral securing the loan, we may experience losses.
  • Difficult conditions in the markets for mortgages and mortgage-related assets as well as the broader financial markets have resulted in a significant contraction in liquidity for mortgages and mortgage-related assets, which may adversely affect the value of the assets that we intend to originate.
  • Loans on which the maturity date has been extended may involve a greater risk of loss than traditional mortgage loans.
  • We may be subject to “lender liability” claims. Our financial condition could be materially and adversely impacted if we were to be found liable and required to pay damages.
  • An increase in the rate of prepayment of outstanding loans may have an adverse impact on the value of our portfolio as well as our revenue and income.
  • The lack of liquidity in our portfolio may adversely affect our business.
  • The geographic concentration of our loan portfolio may make our revenues and the values of the mortgages and real estate securing our portfolio vulnerable to adverse changes in economic conditions around the New York metropolitan area.
  • A prolonged economic slowdown, a lengthy or severe recession or declining real estate values could impair our investments and harm our operations.
  • We evaluate expected credit losses under Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (ASU Topic 326), and our allowance for credit losses was zero as of December 31, 2025. If we are required to record credit losses or write off all or a portion of any loan in our portfolio, our net income will be adversely impacted.
  • Our due diligence may not reveal all of a borrower’s liabilities and may not reveal other weaknesses in its business.
  • Our loans are usually made to entities to enable them to acquire, develop or renovate residential or commercial property, which may involve a greater risk of loss than loans to individual owners of residential real estate.
  • Volatility of values of residential and commercial properties may adversely affect our loans and investments.
  • Our inability to promptly foreclose on defaulted loans could increase our costs and/or losses.
  • Our loans are typically not funded with interest reserves and our borrowers may be unable to pay the interest accruing on the loans when due, which could have a material adverse impact on our financial condition.
  • Liability relating to environmental matters may impact the value of properties that we may acquire or the properties underlying our investments.
  • Defaults on our loans may cause declines in revenues and net income.
  • Our revenues and the value of our portfolio may be negatively affected by casualty events occurring on properties securing our loans.
  • Borrower concentration could lead to significant losses, which could have a material adverse impact on our operating results and financial condition.
  • Our existing credit lines have numerous covenants with which we must comply. If we are unable to comply with these covenants, the outstanding amounts of our loans could become due and payable and we may have to sell off a portion of our loan portfolio to pay off the debt.
  • Our use of leverage may adversely affect the return on our assets and may reduce cash available for distribution to our shareholders, as well as increase losses when economic conditions are unfavorable.
  • Our investments in construction loans require us to make estimates about the fair value of land improvements that may be challenged by the IRS.
  • Complying with REIT requirements may hinder our ability to maximize profits, which would reduce the amount of cash available to be distributed to our shareholders. This could have a negative impact on the value of our securities.
  • Our failure to remain qualified for taxation as a REIT would subject us to U.S. federal income tax and applicable state and local income taxes, which would reduce the amount of cash available for distribution to our shareholders.
  • REIT distribution requirements could adversely affect our ability to execute our business plan and may require us to incur debt or sell assets to make such distributions.
  • Even if we remain qualified for taxation as a REIT, we may face tax liabilities that reduce our cash flow.
  • Our qualification for taxation as a REIT may depend on the accuracy of legal opinions or advice rendered or given and the inaccuracy of any such opinions, advice or statements may adversely affect our REIT qualification and result in significant corporate-level tax.
  • We may choose to make distributions in shares of our capital stock, in which case you may be required to pay income taxes in excess of the cash dividends you receive.
  • Dividends paid by REITs do not qualify for the reduced tax rates on dividend income from regular corporations, which could adversely affect the value of our common shares.
  • Liquidation of our assets may jeopardize our qualification for taxation as a REIT.
  • The ownership restrictions set forth in our restated certificate of incorporation may not prevent five or fewer shareholders from owning 50% or more of our outstanding shares of capital stock causing us to lose our status as a REIT, which may inhibit market activity in our common shares and restrict our business combination opportunities.
  • Legislative or other actions affecting REITs could materially and adversely affect us and our shareholders.
  • We may be unable to generate sufficient cash flows from our operations to make distributions to our shareholders at any time in the future.
  • We could be materially and adversely affected if we are deemed to be an investment company under the Investment Company Act.
  • Our largest shareholder’s interests may not always be aligned with the interests of our other shareholders.
  • There is limited trading in our common shares, which could make it difficult for you to sell your common shares.
  • Certain provisions of New York law could inhibit changes in control.
  • Our authorized but unissued common and preferred shares may prevent a change in our control.
  • Our rights and the rights of our shareholders to take action against our directors and officers are limited, which could limit your recourse in the event of actions not in your best interests.
  • Our bylaws contain provisions that make removal of our directors difficult, which could make it difficult for our shareholders to effect changes to our management.
  • Our access to financing may be limited and, thus, our ability to maximize our returns may be adversely affected.
  • The market prices of our common shares may be adversely affected by future events.
  • The price of our common shares is volatile, and purchasers of our common shares could incur substantial losses.
  • Common shares eligible for future sale may have adverse effects on our share price.
  • Future offerings of debt or equity securities, which would rank senior to our common shares, may adversely affect the market price of our common shares.

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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