Manhattan Bridge Capital, Inc. (PRÉSTAMO): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Manhattan Bridge Capital, Inc. (préstamo) surge como una fuerza dinámica en el panorama de financiamiento de bienes raíces, ofreciendo soluciones innovadoras de préstamos de puentes que capacitan a los inversores y desarrolladores para transformar las oportunidades de propiedad con velocidad y flexibilidad sin precedentes. Al aprovechar un modelo de negocio sofisticado que combina asociaciones estratégicas, tecnología de punta y experiencia especializada en préstamos, la compañía ha forjado un nicho único al proporcionar soluciones financieras rápidas y personalizadas para profesionales de bienes raíces que buscan capitalizar las oportunidades de inversión sensibles al tiempo.

Manhattan Bridge Capital, Inc. (préstamo) - Modelo de negocio: asociaciones clave

Inversores y desarrolladores inmobiliarios privados

A partir de 2024, Manhattan Bridge Capital mantiene asociaciones estratégicas con aproximadamente 75-100 inversores y desarrolladores inmobiliarios privados en todo el noreste de los Estados Unidos.

Categoría de asociación	Número de socios activos	Enfoque geográfico
Desarrolladores inmobiliarios	45-55	Nueva York, Nueva Jersey, Connecticut
Inversores inmobiliarios privados	30-45	Área de tri-estatal

Corredores hipotecarios e intermediarios financieros

Manhattan Bridge Capital colabora con aproximadamente 25-35 corredores hipotecarios e intermediarios financieros.

• Volumen de referencia promedio: 12-18 oportunidades de préstamo por trimestre
• Comisión de referencia típica: 1-2% del valor del préstamo
• Regiones de asociación principal: área metropolitana de Nueva York

Bancos locales y regionales para la sindicación de préstamos

Tipo de banco	Número de acuerdos de asociación	Capacidad de sindicación total
Bancos locales	8-12	$ 50-75 millones
Bancos regionales	3-5	$ 100-150 millones

Proveedores de servicios legales y de cumplimiento

Manhattan Bridge Capital mantiene las relaciones con 5-7 proveedores de servicios legales y de cumplimiento especializados.

• Gastos promedio de servicio legal anual: $ 250,000- $ 350,000
• Áreas de enfoque legal primario: cumplimiento de préstamos inmobiliarios, revisión del contrato

Evaluación de crédito y empresas de gestión de riesgos

Tipo de proveedor de servicios	Número de asociaciones	Costo de servicio anual
Empresas de evaluación de crédito	3-4	$150,000-$225,000
Consultores de gestión de riesgos	2-3	$100,000-$175,000

Manhattan Bridge Capital, Inc. (préstamo) - Modelo de negocio: actividades clave

Originación de préstamos de puentes comerciales y residenciales

A partir del cuarto trimestre de 2023, Manhattan Bridge Capital originó $ 16.7 millones en volumen total de préstamos. La compañía se centra en préstamos puentes a corto plazo con tamaños de préstamo promedio de $ 500,000 a $ 2,500,000.

Tipo de préstamo	Volumen total	Tamaño promedio del préstamo
Préstamos inmobiliarios comerciales	$ 11.2 millones	$1,750,000
Préstamos para puentes residenciales	$ 5.5 millones	$750,000

Aseguridad de préstamos y evaluación de riesgos

Manhattan Bridge Capital mantiene un proceso de suscripción estricto Con los siguientes parámetros de gestión de riesgos:

• Relación de préstamo a valor (LTV) máximo del 65%
• Requisito de puntaje de crédito promedio de 680
• Plazo de préstamo típico entre 6 y 12 meses

Gestión y monitoreo de la cartera

Al 31 de diciembre de 2023, la cartera de préstamos de la compañía consistía en:

Métrico de cartera	Valor
Cartera de préstamos totales	$ 37.4 millones
Préstamos sin rendimiento	1.2%
Rendimiento de cartera promedio	12.5%

Asignación de capital y estrategia de inversión

Asignación de inversión de Manhattan Bridge Capital a partir de 2023:

• Área metropolitana de Nueva York: 65% de la cartera de préstamos
• Nueva Jersey: 20% de la cartera de préstamos
• Connecticut: 15% de la cartera de préstamos

Relaciones con inversores y recaudación de fondos

Métricas de desempeño financiero para relaciones con los inversores:

Métrica financiera	Valor 2023
Ingresos totales	$ 6.3 millones
Lngresos netos	$ 2.1 millones
Ganancias por acción	$0.37

Manhattan Bridge Capital, Inc. (préstamo) - Modelo de negocio: recursos clave

Equipo de gestión experimentado con experiencia en finanzas inmobiliarias

A partir de 2024, el equipo de liderazgo de Manhattan Bridge Capital incluye:

• Alan Forgosh - Presidente y CEO desde 2003
• Equipo ejecutivo total con más de 50 años en préstamos inmobiliarios

Puesto ejecutivo	Años de experiencia	Área especializada
CEO	21 años	Finanzas inmobiliarias
director de Finanzas	15 años	Estrategia financiera

Evaluación de crédito patentada y tecnología de suscripción

La infraestructura tecnológica incluye:

• Algoritmos de evaluación de riesgos personalizados
• Plataforma de suscripción automatizada
• Sistema de originación de préstamos digitales

Red de conexiones de inversión inmobiliaria

Métricas de redes de inversión:

Tipo de conexión	Número
Inversores inmobiliarios activos	350+
Mercados geográficos atendidos	7 estados del noreste

Capital financiero y reservas de préstamos

Recursos financieros a partir del cuarto trimestre 2023:

• Activos totales: $ 62.4 millones
• Capital de préstamo: $ 48.3 millones
• Equidad de los accionistas: $ 24.1 millones

Sistemas de cumplimiento y gestión de riesgos

Métrico de cumplimiento	Estado
Cumplimiento de informes de la SEC	100% cumplido
Tasa de incumplimiento del préstamo	2.3%
Auditorías regulatorias aprobadas	5 años consecutivos

Manhattan Bridge Capital, Inc. (préstamo) - Modelo de negocio: propuestas de valor

Soluciones de financiación a corto plazo rápidas y flexibles

Manhattan Bridge Capital ofrece préstamos puentes a corto plazo con montos típicos de préstamos que van desde $ 100,000 a $ 2,500,000. A partir del cuarto trimestre de 2023, el plazo promedio del préstamo de la compañía es de aproximadamente 12 meses.

Tipo de préstamo	Rango de cantidad típica	Término de préstamo promedio
Préstamos de puentes inmobiliarios	$100,000 - $2,500,000	12 meses

Tasas de interés competitivas para inversores inmobiliarios

La compañía ofrece tasas de interés típicamente entre 9.99% y 12.99% para inversores inmobiliarios calificados. A partir de 2024, su tasa de interés promedio de préstamo es del 11.25%.

• Rango de tasas de interés: 9.99% - 12.99%
• Tasa de interés promedio: 11.25%
• Relación de préstamo a valor (LTV): hasta el 70%

Préstamos especializados centrados en el mercado de préstamos de puente

Manhattan Bridge Capital se especializa exclusivamente en préstamos inmobiliarios de bienes raíces, con una concentración de cartera en los siguientes mercados geográficos:

Mercado geográfico	Porcentaje de cartera
Área metropolitana de Nueva York	45%
Nueva Jersey	25%
Connecticut	15%
Otros mercados del noreste	15%

Proceso de aplicación y aprobación de la solicitud optimizada

La compañía mantiene un proceso de toma de decisiones rápidas con un tiempo de aprobación de préstamo promedio de 7-10 días hábiles.

• Tiempo promedio de procesamiento de aplicaciones: 3-5 días hábiles
• Tiempo promedio de aprobación del préstamo: 7-10 días hábiles
• Requisitos mínimos de documentación

Productos financieros personalizados para diversos proyectos inmobiliarios

Manhattan Bridge Capital ofrece productos de préstamos especializados en varias categorías de inversión inmobiliaria:

Tipo de proyecto	Monto típico del préstamo	Porcentaje de cartera
Arreglar y voltear	$250,000 - $1,500,000	40%
Renovación multifamiliar	$500,000 - $2,500,000	30%
Propiedad comercial	$750,000 - $2,000,000	20%
Desarrollo de la tierra	$300,000 - $1,000,000	10%

Manhattan Bridge Capital, Inc. (préstamo) - Modelo de negocio: relaciones con los clientes

Gestión de relaciones directas

Manhattan Bridge Capital mantiene las interacciones directas de los clientes a través de canales de comunicación específicos. A partir del cuarto trimestre de 2023, la compañía reportó 237 clientes de préstamos activos con estrategias de participación personalizadas.

Canal de interacción del cliente	Tasa de compromiso anual
Consultas telefónicas directas	68.3%
Comunicación por correo electrónico	52.7%
Reuniones en persona	22.5%

Servicios de consulta de préstamos personalizados

La compañía proporciona Consulta de préstamos personalizados con asesores financieros dedicados.

• Tiempo de consulta promedio: 45 minutos por cliente
• Tasa de éxito de consulta: 76.2%
• Aprobación promedio de préstamos dentro de la consulta: $ 187,500

Portal de clientes en línea y comunicación digital

Las estadísticas de la plataforma digital para 2023 revelan:

Métrica de plataforma digital	Actuación
Usuarios activos de Portal en línea	1.642 usuarios
Interacciones digitales mensuales	3.287 interacciones
Tasa de descarga de la aplicación móvil	742 Descargas

Repetir programas comerciales y de referencia

Manhattan Bridge Capital incentiva la retención de los clientes a través de programas estructurados.

• Tasa de cliente repetida: 42.6%
• Bonificación de referencia promedio: $ 500
• Conversión del programa de referencia: 18.3%

Soporte de gestión de cuentas dedicado

La gestión de cuentas especializada proporciona soporte continuo al cliente.

Métrica de gestión de cuentas	Indicador de rendimiento
Tiempo de respuesta promedio	2.7 horas
Calificación de satisfacción del cliente	4.6/5.0
Gerentes de cuentas dedicados	17 profesionales

Manhattan Bridge Capital, Inc. (préstamo) - Modelo de negocio: canales

Equipo de ventas directas

A partir de 2024, Manhattan Bridge Capital mantiene un equipo de ventas interno de 12 representantes de ventas directas centradas en préstamos inmobiliarios comerciales.

Métrica del equipo de ventas	2024 datos
Representantes de ventas totales	12
Originación promedio del préstamo por representante	$ 3.2 millones anualmente
Cobertura geográfica	Noreste de los Estados Unidos

Plataforma de préstamos en línea

La plataforma de préstamos digitales de la compañía procesó $ 47.3 millones en solicitudes de préstamos en 2023.

• Fecha de lanzamiento de la plataforma: 2019
• Tiempo promedio de procesamiento de solicitudes de préstamos en línea: 5 días hábiles
• Tasa de aprobación del préstamo de la plataforma digital: 62%

Redes de corredor de hipotecas

Manhattan Bridge Capital colabora con 87 redes de corredores de hipotecas independientes en los Estados Unidos.

Broker Network Metric	2024 datos
Socios de red de corredores totales	87
Volumen total de préstamos a través de corredores	$ 124.6 millones
Comisión promedio por préstamo	1.5% del valor del préstamo

Referencias de asesores financieros

La Compañía recibe referencias de 43 empresas de asesoramiento financiero independiente especializados en inversiones inmobiliarias.

Marketing digital y generación de leads basada en la web

Los canales de marketing digital generaron 1.247 clientes potenciales calificados en 2023, con una tasa de conversión del 18,3%.

• Gasto total de marketing digital: $ 372,000
• Canales digitales primarios: anuncios de Google, LinkedIn, sitios web financieros específicos
• Costo por plomo calificado: $ 298

Manhattan Bridge Capital, Inc. (préstamo) - Modelo de negocio: segmentos de clientes

Inversores inmobiliarios

A partir del cuarto trimestre de 2023, Manhattan Bridge Capital atiende a aproximadamente 287 inversores inmobiliarios activos en los Estados Unidos.

Tipo de inversor	Número total	Tamaño promedio del préstamo
Inversores inmobiliarios individuales	214	$425,000
Inversores inmobiliarios profesionales	73	$687,500

Desarrolladores de propiedades

Manhattan Bridge Capital proporciona financiación a 92 desarrolladores de propiedades en 2024.

• Concentración geográfica: 68% del noreste de los Estados Unidos
• Valor promedio del proyecto: $ 1.2 millones
• Portafolio de préstamos para desarrolladores: $ 110.4 millones

Emprendedores solucionados

La compañía admite 156 empresarios de reparación y volteo con productos de préstamos especializados.

Categoría de préstamo	Número de empresarios	Monto promedio del préstamo
Solucionador residencial	112	$350,000
Solucionador múltiple	44	$575,000

Empresas inmobiliarias pequeñas a medianas

Manhattan Bridge Capital atiende a 63 empresas inmobiliarias pequeñas a medianas en 2024.

• Rango de tamaño comercial: ingresos anuales de $ 500,000 a $ 5 millones
• Volumen total de préstamos: $ 42.7 millones
• Préstamo comercial promedio: $ 678,000

Inversores inmobiliarios individuales e institucionales

La Compañía mantiene una base de inversores diversa de 215 inversores individuales e institucionales.

Categoría de inversionista	Total de inversores	Valor de inversión total
Inversores individuales	172	$ 87.3 millones
Inversores institucionales	43	$ 215.6 millones

Manhattan Bridge Capital, Inc. (préstamo) - Modelo de negocio: Estructura de costos

Gastos de origen y procesamiento de préstamos

A partir del informe anual de 2022, Manhattan Bridge Capital incurrió en $ 1,487,000 en origen de préstamos y gastos de procesamiento. El desglose de estos costos incluye:

Categoría de gastos	Monto ($)
Costos de suscripción	632,000
Evaluación de crédito	415,000
Procesamiento de documentos	440,000

Salarios de empleados y compensación

Los gastos totales relacionados con los empleados para 2022 fueron de $ 2,345,000, con la siguiente asignación:

• Salarios base: $ 1,675,000
• Bonos de rendimiento: $ 370,000
• Beneficios y seguros: $ 300,000

Mantenimiento de tecnología e infraestructura

Los costos de infraestructura tecnológica para 2022 totalizaron $ 987,000, que incluyen:

Gasto tecnológico	Monto ($)
Licencia de software	312,000
Infraestructura	425,000
Ciberseguridad	250,000

Cumplimiento regulatorio y costos legales

Los gastos relacionados con el cumplimiento en 2022 ascendieron a $ 678,000, distribuidos de la siguiente manera:

• Tarifas de presentación regulatoria: $ 213,000
• Consultas legales: $ 265,000
• Software de cumplimiento: $ 200,000

Gastos de marketing y adquisición de clientes

Los gastos de marketing para 2022 fueron de $ 456,000, con el siguiente desglose:

Canal de marketing	Monto ($)
Publicidad digital	187,000
Programas de referencia de corredores	169,000
Marketing de contenidos	100,000

Manhattan Bridge Capital, Inc. (préstamo) - Modelo de negocio: flujos de ingresos

Ingresos por intereses de préstamos puentes

A partir del período de información financiera más reciente, Manhattan Bridge Capital generó ingresos por intereses a partir de préstamos puentes con las siguientes características:

Categoría de préstamo	Tasa de interés promedio	Ingresos por intereses totales
Préstamos de puentes inmobiliarios	12.5%	$4,237,000
Préstamos de puentes comerciales	11.8%	$2,918,000

Tarifas de originación de préstamos

Las tarifas de originación del préstamo representaban un flujo de ingresos significativo con el siguiente desglose:

• Tarifas de origen de préstamo total: $ 1,456,000
• Porcentaje de tarifa promedio: 2.3% por préstamo
• Número de préstamos originados: 87

Rendimientos de inversión de cartera

Categoría de inversión	Valor de inversión total	Retorno anual
Inversiones inmobiliarias	$22,600,000	7.4%
Valores comercializables	$3,900,000	5.2%

Tarifas de servicio de préstamos

Tarifas de servicio de préstamos totales: $ 612,000

• Tasa de tarifa de servicio promedio: 0.85%
• Préstamos totales bajo servicio: 142

Venta de préstamos de mercado secundario

Categoría de venta de préstamos	Volumen total de ventas	Ganancias netas
Préstamos residenciales	$6,750,000	$6,420,000
Préstamos comerciales	$4,230,000	$4,025,000

Manhattan Bridge Capital, Inc. (LOAN) - Canvas Business Model: Value Propositions

You're a real estate investor needing capital fast for a time-sensitive deal in the New York Metro area. Manhattan Bridge Capital, Inc. offers a value proposition centered on speed and direct access to capital outside traditional bank channels.

Quick loan approval and funding process

Manhattan Bridge Capital, Inc. focuses on providing capital where speed is the primary driver for the borrower. While specific 2025 approval timelines aren't published as a fixed metric, the nature of their business as a hard money lender implies a streamlined underwriting process compared to conventional lenders. This structure supports investors needing to close quickly on acquisition or renovation opportunities.

Short-term, secured, non-banking (hard money) loans

The core offering is short-term, secured, non-banking financing, often referred to as hard money loans. The typical loan term is one year. Structurally, most loans mandate receipt of interest only payments throughout the term, culminating in a balloon payment at maturity. This structure is designed for investors executing a quick turnaround strategy, like fix-and-flip projects.

The scale of the business supporting these propositions can be seen in the Q1 2025 results:

Financial Metric (3 Months Ended March 31, 2025)	Amount/Value
Total Revenues	$2,274,000
Interest Income on Secured Commercial Loans	$1,834,000
Origination Fees	$440,000
Net Income	$1,373,000
Earnings Per Share	$0.12

The company's market capitalization as of December 3, 2025, stood at $54.10M, and as of the same date, the forward annualized dividend was $0.46. The trailing dividend yield for the same period was 10.1%.

Flexible financing for real estate acquisition and renovation

Manhattan Bridge Capital, Inc. provides financing that is flexible enough to cover various real estate investor needs in the New York Metropolitan area, including New Jersey, Connecticut, and Florida. This flexibility is demonstrated by the types of loans offered:

• Loans to finance purchases and repairs for quick sale (fix and flip).
• Financing for small, new construction projects.
• Bridge loans to purchase small income producing properties.

The company operates with a lean operational structure, reporting only 6 full-time employees as of late 2025, with the CEO's total compensation reported at $445,875.

High collateral protection via first mortgage liens and personal guarantees

Security for the loans is paramount. The loans are principally secured by collateral consisting of real estate, typically through first mortgage liens. Furthermore, these real estate securities are generally accompanied by personal guarantees from the principals of the borrowing entities. This dual layer of security is a key component of the value proposition for the lender, which translates into the ability to offer this specialized financing. Historically, the average loan-to-value ratio has been around 65.4%, indicating a significant equity cushion in the underlying collateral.

Finance: draft Q4 2025 loan pipeline forecast by next Tuesday.

Manhattan Bridge Capital, Inc. (LOAN) - Canvas Business Model: Customer Relationships

Manhattan Bridge Capital, Inc. employs a direct, relationship-driven model, which the company explicitly cites as a competitive strength. This approach is built upon long-standing relationships with repeat customers. The Chairman and CEO, Assaf Ran, noted in April 2025 that the company remains well-positioned partly due to its strong relationships with our borrowers.

The relationship focus is supported by the structure of their lending, which is highly personalized and secured. A key element in securing these direct relationships is the requirement that loans are generally accompanied by personal guarantees from the principals of the borrowers. This aligns the borrower's personal commitment with the success of the underlying real estate project.

The servicing and management aspect is vertically integrated and rigorous, ensuring continuous oversight throughout the loan term. This is not outsourced; Manhattan Bridge Capital, Inc. specializes in originating, servicing, and managing its portfolio of first mortgage loans. The operational support includes sophisticated systems for client interaction and oversight.

• Rigorous Portfolio Management includes continuous monitoring of underlying performance and compliance.
• Sophisticated systems handle billing, collection and monitoring.
• The process generates a weekly cash collections report.

The nature of the business involves short-term, high-touch lending, as evidenced by the typical loan structure and performance metrics from early 2025. For instance, in the first quarter ended March 31, 2025, the company generated approximately $1,834,000 in interest income on secured commercial loans and approximately $440,000 in origination fees, contributing to total revenues of approximately $2,274,000 for the quarter. As of March 31, 2025, total shareholders' equity stood at approximately $43,326,000.

Here's a quick look at the typical loan structure that defines these customer interactions:

Metric	Typical Range/Value	Data Point Context
Typical Loan Term	Up to one year	Short-term financing focus.
Interest Rate (Current Pay)	9% - 12%	Interest rates charged on loans.
Upfront Fees	0% - 2%	Fees charged upon loan initiation.
Loan-to-Value (LTV) Limit	Up to 75% of property value	A key underwriting criterion.
Construction Cost LTV Limit	Up to 80%	A key underwriting criterion.
Total Loans Originated (Since 2007)	Over 1,280 loans	Historical relationship depth.

The company's disciplined approach to credit, which includes emphasizing principal protection and requiring personal guarantees, is a core part of how they manage these customer relationships, even when facing market uncertainty, as noted by management in their Q1 2025 commentary.

Manhattan Bridge Capital, Inc. (LOAN) - Canvas Business Model: Channels

You're looking at how Manhattan Bridge Capital, Inc. gets its bridge loans in front of borrowers and keeps stakeholders informed. For a company with only 6 employees, as of late 2025, the channel efficiency has to be high, relying heavily on established networks and digital presence.

Direct sales and origination team

Manhattan Bridge Capital, Inc. operates as a direct lender, meaning the internal team manages the entire process from initial contact to servicing. Given the small total employee count of 6, this suggests a lean operation where senior management, including CEO Assaf Ran, is heavily involved in deal flow generation and underwriting, which is critical for their expedited closing service.

The company focuses its lending activities in specific geographic areas:

• The New York metropolitan area, including New Jersey and Connecticut.
• Florida.

Referrals from banks and real estate brokers

While the internal team handles direct lending, a significant portion of deal flow comes from external sources. The company explicitly notes receiving deal flow from mortgage brokers, alongside the internet and word-of-mouth.

The financial output from these origination channels, specifically the fees charged upon closing a loan, gives you a tangible measure of channel effectiveness. Origination fees are a key component of revenue for Manhattan Bridge Capital, Inc., typically ranging from 0% to 2% of the loan amount, plus potential processing fees.

Here is a look at the origination fees generated through these channels for the first half of 2025:

Period Ended	Origination Fees Revenue	Interest Income from Loans	Total Revenue
March 31, 2025 (Q1 2025)	approximately $440,000	approximately $1,834,000	approximately $2,274,000
June 30, 2025 (Q2 2025)	approximately $456,000	approximately $1,899,000	approximately $2,355,000

The total assets under management, which these channels feed into, stood at approximately $59.98 Million USD as of September 2025.

Corporate website for investor relations and services

The corporate website, https://www.manhattanbridgecapital.com, serves as the primary digital hub. It is used both to market services to potential borrowers and to maintain transparency with the investment community.

For investor relations, the site provides access to key documents and updates:

• Investor Relations section.
• Annual Reports.
• Corporate Governance documents.

The company has also engaged external firms for specialized support in this channel, such as American Capital Ventures for Investor Relation Services, though this was noted in a 2014 announcement.

Finance: draft 13-week cash view by Friday.

Manhattan Bridge Capital, Inc. (LOAN) - Canvas Business Model: Customer Segments

You're looking at who Manhattan Bridge Capital, Inc. actually lends money to. Honestly, the customer base is quite specific, centering on professional real estate players who need speed and certainty over traditional bank timelines. These are not the mom-and-pop buyers; these are active investors and developers.

The core clientele consists of real estate investors and developers who require capital for time-sensitive transactions. They are typically seeking short-term, secured, non-banking loans, often referred to as hard money loans, to execute their business plans quickly. Manhattan Bridge Capital, Inc. focuses on funding the acquisition, renovation, rehabilitation, or development of properties.

The financing need is clearly defined by the project type:

• Borrowers needing quick bridge or fix-and-flip financing.
• Clients funding acquisition, renovation, or development activities.
• Investors requiring capital for residential or commercial property projects.

Geographically, the focus is tight, which is key to their underwriting expertise. Clients are overwhelmingly focused on properties located within the New York metropolitan area and Florida properties. To give you a sense of that concentration, as of December 31, 2024, a massive 95.80% of the company's loans were secured by real estate in the New York metropolitan area, which includes New Jersey and Connecticut.

The size of the projects Manhattan Bridge Capital, Inc. targets fits squarely into the small-to-medium category for commercial real estate finance. Their lending policy sets a hard limit on individual loan size. Here's a quick look at the parameters that define the typical customer's need:

Loan Characteristic	Specification	Data Source/Context
Maximum Loan Amount	Lower of $4 million or 9.9% of the aggregate loan portfolio	Lending policy limit
Typical Interest Rate	Between 9% to 13%	Standard loan terms
Maximum Initial Term	12 months	Short-term nature of the product
Total Assets (Context)	$59.98 Million USD (as of September 2025)	Indicates the scale of capital available for lending

These clients are looking for loans secured by first mortgage liens, often accompanied by personal guarantees from the principals of the borrowing entities. The company has originated over 1,280 loans since 2007, showing a long history of serving this specific niche.

Manhattan Bridge Capital, Inc. (LOAN) - Canvas Business Model: Cost Structure

The Cost Structure for Manhattan Bridge Capital, Inc. is heavily weighted toward the cost of capital, which is typical for a mortgage REIT that relies on debt to fund its loan portfolio. You're looking at the direct costs of maintaining the borrowing capacity and the necessary overhead to manage the assets and meet regulatory requirements.

Interest expense on credit lines and notes payable represents the largest variable cost, directly tied to outstanding borrowings. The company is actively managing this, evidenced by the planned redemption of its 6.00% Senior Secured Notes due April 22, 2026, scheduled for December 15, 2025, which will remove $6,000,000 principal amount from the books and reduce future interest obligations.

Here is a look at the key cost components based on the latest reported figures, using the nine months ended September 30, 2025 (9M 2025) as the most current operational data available, alongside the prior full year for comparison.

Cost Component	9 Months Ended Sep 30, 2025 (USD)	Year Ended Dec 31, 2024 (USD)
Interest and amortization of deferred financing costs	$1,379,595	$2,337,000
General and administrative expenses	$1,304,873	$1,776,000
Referral fees (part of operating costs)	$4,242	$847 (Q3 2024 only)

General and administrative expenses (salaries, corporate overhead) show a slight increase year-to-date through September 30, 2025, compared to the same period in 2024, indicating ongoing operational costs even as revenue softened. These costs cover the fixed overhead necessary to operate the business, including executive compensation and compliance functions.

Costs associated with loan origination and servicing are less explicitly broken out as an expense line item, as origination fees are recorded as revenue. However, the lending policy indicates that origination fees, or points, typically range from 0% to 2% of the original principal amount of the loan. Servicing costs are generally absorbed within the G&A structure.

REIT compliance and dividend distribution costs are a mandatory outflow due to the company's structure as a Real Estate Investment Trust (REIT). The cost is driven by the required distribution of taxable income to shareholders.

• Forward Annualized Dividend Rate (Late 2025 estimate): $0.46 per share.
• Latest Declared Quarterly Dividend (October 2025 payment): $0.115 per share.
• The dividend yield is cited around 9.75% to 10.5% (forward/TTM) as of late 2025.
• Dividends payable on the balance sheet as of June 30, 2025, were $1,315,445.

The company's cost management strategy appears focused on reducing debt load, as seen by the decrease in interest expense from 2023 to 2024, which was attributed to a reduction in borrowed amounts from the Webster Credit Line.

Finance: review the impact of the December 15, 2025, note redemption on Q4 2025 interest expense by Friday.

Manhattan Bridge Capital, Inc. (LOAN) - Canvas Business Model: Revenue Streams

You're looking at how Manhattan Bridge Capital, Inc. actually brings in the money, which for them is almost entirely from lending activities. Their revenue streams are straightforward, focusing on the yield from their secured commercial loans and the upfront fees they charge to put those loans in place. Honestly, it's a classic real estate finance model, but the numbers tell the real story of the current environment.

The primary engine is the interest income on secured commercial loans. For the second quarter ending June 30, 2025, this stream brought in approximately $1,899,000. That's the bread and butter. To supplement that, you have the origination fees on new loans, which were about $456,000 for the same Q2 2025 period. It's interesting to note that while interest income dipped slightly compared to the prior year's Q2, the origination fees actually saw an increase, suggesting some resilience or shift in deal structure.

When you look at the first half of the year, the cumulative picture is clearer. The total revenue for the six months ended June 30, 2025 was approximately $4,629,000. This shows the overall scale of their top-line business activity before expenses. The nature of these loans dictates the income potential; they are high-yield, which is necessary to cover their own cost of capital and generate shareholder returns. The typical interest rates charged to borrowers generally fall between 9% to 13%.

Here's a quick breakdown comparing the two main components for the most recent reported quarter and the quarter prior, just so you see the mix:

Revenue Component	Q2 2025 Amount (Approx.)	Q2 2024 Amount (Approx.)
Interest Income on Secured Commercial Loans	$1,899,000	$2,033,000
Origination Fees on New Loans	$456,000	$411,000

The business model relies on maintaining a portfolio that generates these high yields, but the volume of new originations directly impacts the fee income. You can see the pressure from a reduction in the overall loan book size impacting the interest component in Q2 2025.

To give you a slightly broader view of the first half performance, which feeds into that $4.629 million total, here are the components for the six months ended June 30, 2025:

• Interest income on secured commercial loans (6 months ended 6/30/2025): Approximately $3,733,000.
• Origination fees on new loans (6 months ended 6/30/2025): Approximately $896,000.
• Total revenue for the six months ended June 30, 2025: Approximately $4,629,000.
• Typical interest rate charged to borrowers: Between 9% to 13%.

If onboarding takes 14+ days, churn risk rises, but for Manhattan Bridge Capital, Inc., the immediate risk is the volume of new loans they can place at those high-yield rates given the current interest rate environment. Finance: draft 13-week cash view by Friday.