Manhattan Bridge Capital, Inc. (empréstimo): Modelo de negócios Canvas [Jan-2025 Atualizado]

A Manhattan Bridge Capital, Inc. (empréstimo) surge como uma força dinâmica no cenário de financiamento imobiliário, oferecendo soluções inovadoras de empréstimos de ponte que capacitam investidores e desenvolvedores a transformar oportunidades de propriedade com velocidade e flexibilidade sem precedentes. Ao alavancar um modelo de negócios sofisticado que combina parcerias estratégicas, tecnologia de ponta e experiência em empréstimos especializados, a empresa criou um nicho único ao fornecer soluções financeiras rápidas e adaptadas para profissionais do setor imobiliário que buscam capitalizar as oportunidades de investimento sensíveis ao tempo.

Manhattan Bridge Capital, Inc. (empréstimo) - Modelo de negócios: Parcerias -chave

Investidores e desenvolvedores de imóveis privados

A partir de 2024, a Manhattan Bridge Capital mantém parcerias estratégicas com aproximadamente 75 a 100 investidores e desenvolvedores de imóveis privados no nordeste dos Estados Unidos.

Categoria de parceria	Número de parceiros ativos	Foco geográfico
Promotores imobiliários	45-55	Nova York, Nova Jersey, Connecticut
Investidores imobiliários privados	30-45	Área Tri-Estado

Corretores hipotecários e intermediários financeiros

A Manhattan Bridge Capital colabora com aproximadamente 25-35 corretores hipotecários e intermediários financeiros.

• Volume médio de referência: 12-18 Oportunidades de empréstimo por trimestre
• Comissão de Referência Típica: 1-2% do valor do empréstimo
• Regiões de Parceria Primária: Área Metropolitana de Nova York

Bancos locais e regionais para a sindicação de empréstimos

Tipo de banco	Número de acordos de parceria	Capacidade total de sindicação
Bancos locais	8-12	US $ 50-75 milhões
Bancos regionais	3-5	US $ 100-150 milhões

Provedores de serviços legais e de conformidade

A Manhattan Bridge Capital mantém relacionamentos com 5-7 provedores especializados de serviços legais e de conformidade.

• Despesas médias de serviços legais anuais: US $ 250.000 a US $ 350.000
• Áreas de foco jurídico primário: conformidade com empréstimos imobiliários, revisão do contrato

Avaliação de crédito e empresas de gerenciamento de riscos

Tipo de provedor de serviços	Número de parcerias	Custo de serviço anual
Empresas de avaliação de crédito	3-4	$150,000-$225,000
Consultores de gerenciamento de riscos	2-3	$100,000-$175,000

Manhattan Bridge Capital, Inc. (empréstimo) - Modelo de negócios: Atividades -chave

Origem de empréstimo para pontes comerciais e residenciais

A partir do quarto trimestre de 2023, a Manhattan Bridge Capital originou US $ 16,7 milhões em volume total de empréstimos. A empresa se concentra em empréstimos pontes de curto prazo, com tamanhos médios de empréstimos de US $ 500.000 a US $ 2.500.000.

Tipo de empréstimo	Volume total	Tamanho médio do empréstimo
Empréstimos imobiliários comerciais	US $ 11,2 milhões	$1,750,000
Empréstimos de ponte residencial	US $ 5,5 milhões	$750,000

Subscrição de empréstimos e avaliação de risco

Manhattan Bridge Capital mantém um processo de subscrição estrita Com os seguintes parâmetros de gerenciamento de risco:

• Índice de empréstimo / valor (LTV) máximo de 65%
• Requisito de pontuação de crédito médio de 680
• Termo de empréstimo típico entre 6 a 12 meses

Gerenciamento e monitoramento de portfólio

Em 31 de dezembro de 2023, a carteira de empréstimos da empresa consistia em:

Métrica do portfólio	Valor
Portfólio total de empréstimos	US $ 37,4 milhões
Empréstimos não-desempenho	1.2%
Rendimento médio de portfólio	12.5%

Alocação de capital e estratégia de investimento

Alocação de investimentos da Manhattan Bridge Capital a partir de 2023:

• Área metropolitana de Nova York: 65% da carteira de empréstimos
• Nova Jersey: 20% da carteira de empréstimos
• Connecticut: 15% da carteira de empréstimos

Relações com investidores e captação de recursos

Métricas de desempenho financeiro para relações com investidores:

Métrica financeira	2023 valor
Receita total	US $ 6,3 milhões
Resultado líquido	US $ 2,1 milhões
Ganhos por ação	$0.37

Manhattan Bridge Capital, Inc. (empréstimo) - Modelo de negócios: Recursos -chave

Equipe de gestão experiente com experiência em finanças imobiliárias

A partir de 2024, a equipe de liderança da Manhattan Bridge Capital inclui:

• Alan Forgoosh - Presidente e CEO desde 2003
• Equipe executiva total com mais de 50 anos em empréstimos imobiliários

Posição executiva	Anos de experiência	Área especializada
CEO	21 anos	Finanças imobiliárias
Diretor Financeiro	15 anos	Estratégia Financeira

Avaliação de crédito proprietária e tecnologia de subscrição

A infraestrutura tecnológica inclui:

• Algoritmos de avaliação de risco personalizado
• Plataforma de subscrição automatizada
• Sistema de Originação de Empréstimos Digital

Rede de conexões de investimento imobiliário

Métricas de rede de investimentos:

Tipo de conexão	Número
Investidores imobiliários ativos	350+
Mercados geográficos servidos	7 estados do nordeste

Capital financeiro e reservas de empréstimos

Recursos Financeiros a partir do quarto trimestre 2023:

• Total de ativos: US $ 62,4 milhões
• Capital empréstimo: US $ 48,3 milhões
• Equidade dos acionistas: US $ 24,1 milhões

Sistemas de conformidade e gerenciamento de riscos

Métrica de conformidade	Status
SEC Relatórios conformidade	100% compatível
Taxa de inadimplência de empréstimo	2.3%
Auditorias regulatórias aprovadas	5 anos consecutivos

Manhattan Bridge Capital, Inc. (empréstimo) - Modelo de negócios: proposições de valor

Soluções de financiamento de curto prazo rápidas e flexíveis

A Manhattan Bridge Capital fornece empréstimos a pontes de curto prazo com valores típicos de empréstimos que variam de US $ 100.000 a US $ 2.500.000. A partir do quarto trimestre de 2023, o prazo médio de empréstimo da empresa é de aproximadamente 12 meses.

Tipo de empréstimo	Faixa de quantidade típica	Termo médio de empréstimo
Empréstimos de ponte imobiliários	$100,000 - $2,500,000	12 meses

Taxas de juros competitivas para investidores imobiliários

A empresa oferece taxas de juros tipicamente entre 9,99% e 12,99% para investidores imobiliários qualificados. A partir de 2024, sua taxa média de juros de empréstimo é de 11,25%.

• Faixa de taxa de juros: 9,99% - 12,99%
• Taxa de juros média: 11,25%
• Índice de empréstimo / valor (LTV): até 70%

Empréstimos especializados focados no mercado de empréstimos em ponte

A Manhattan Bridge Capital é especializada exclusivamente em empréstimos de ponte imobiliária, com uma concentração de portfólio nos seguintes mercados geográficos:

Mercado geográfico	Porcentagem de portfólio
Área metropolitana de Nova York	45%
Nova Jersey	25%
Connecticut	15%
Outros mercados do nordeste	15%

Processo de aplicação e aprovação simplificado

A empresa mantém um Processo de tomada de decisão rápida com um tempo médio de aprovação de empréstimo de 7 a 10 dias úteis.

• Tempo médio de processamento de aplicativos: 3-5 dias úteis
• Tempo médio de aprovação do empréstimo: 7-10 dias úteis
• Requisitos mínimos de documentação

Produtos financeiros personalizados para diversos projetos imobiliários

A Manhattan Bridge Capital oferece produtos de empréstimos especializados em várias categorias de investimento imobiliário:

Tipo de projeto	Valor típico do empréstimo	Porcentagem de portfólio
Corrija e vire	$250,000 - $1,500,000	40%
Renovação multifamiliar	$500,000 - $2,500,000	30%
Propriedade comercial	$750,000 - $2,000,000	20%
Desenvolvimento da terra	$300,000 - $1,000,000	10%

Manhattan Bridge Capital, Inc. (Empréstimo) - Modelo de Negócios: Relacionamentos do Cliente

Gerenciamento de relacionamento direto

A Manhattan Bridge Capital mantém as interações diretas do cliente por meio de canais de comunicação direcionados. A partir do quarto trimestre 2023, a empresa relatou 237 clientes de empréstimos ativos com estratégias de engajamento personalizadas.

Canal de interação do cliente	Taxa de engajamento anual
Consultas por telefone direto	68.3%
Comunicação por e -mail	52.7%
Reuniões pessoais	22.5%

Serviços de consulta de empréstimos personalizados

A empresa fornece Consulta de empréstimo personalizada com consultores financeiros dedicados.

• Tempo médio de consulta: 45 minutos por cliente
• Taxa de sucesso da consulta: 76,2%
• Aprovação média de empréstimo dentro da consulta: US $ 187.500

Portal de clientes on -line e comunicação digital

Estatísticas da plataforma digital para 2023 revelam:

Métrica da plataforma digital	Desempenho
Usuários ativos do portal online	1.642 usuários
Interações digitais mensais	3.287 interações
Taxa de download de aplicativos móveis	742 Downloads

Repita programas de negócios e referência

A Manhattan Bridge Capital incentiva a retenção de clientes por meio de programas estruturados.

• Repetir taxa do cliente: 42,6%
• Bônus de referência média: $ 500
• Conversão do programa de referência: 18,3%

Suporte dedicado ao gerenciamento de contas

O gerenciamento de contas especializado fornece suporte contínuo ao cliente.

Métrica de gerenciamento de contas	Indicador de desempenho
Tempo médio de resposta	2,7 horas
Classificação de satisfação do cliente	4.6/5.0
Gerentes de conta dedicados	17 profissionais

Manhattan Bridge Capital, Inc. (Empréstimo) - Modelo de Negócios: Canais

Equipe de vendas diretas

A partir de 2024, a Manhattan Bridge Capital mantém uma equipe de vendas interna de 12 representantes de vendas diretas focadas em empréstimos imobiliários comerciais.

Métrica da equipe de vendas	2024 dados
Total de representantes de vendas	12
Origem média de empréstimo por representante	US $ 3,2 milhões anualmente
Cobertura geográfica	Nordeste dos Estados Unidos

Plataforma de empréstimos online

A plataforma de empréstimos digitais da empresa processou US $ 47,3 milhões em pedidos de empréstimo em 2023.

• Data de lançamento da plataforma: 2019
• Tempo médio de processamento de solicitação de empréstimo on -line: 5 dias úteis
• Taxa de aprovação de empréstimo da plataforma digital: 62%

Redes de corretores hipotecários

A Manhattan Bridge Capital colabora com 87 redes independentes de corretores de hipotecas nos Estados Unidos.

Broker Network Metric	2024 dados
Total Broker Network Partners	87
Volume total de empréstimos através de corretores	US $ 124,6 milhões
Comissão média por empréstimo	1,5% do valor do empréstimo

Referências de consultores financeiros

A empresa recebe referências de 43 empresas de consultoria financeira independentes especializadas em investimentos imobiliários.

Marketing digital e geração de leads baseados na Web

Os canais de marketing digital geraram 1.247 leads qualificados em 2023, com uma taxa de conversão de 18,3%.

• Gastes de marketing digital total: US $ 372.000
• Canais digitais primários: anúncios do Google, LinkedIn, sites financeiros direcionados
• Custo por lead qualificado: US $ 298

Manhattan Bridge Capital, Inc. (empréstimo) - Modelo de negócios: segmentos de clientes

Investidores imobiliários

A partir do quarto trimestre de 2023, a Manhattan Bridge Capital atende a aproximadamente 287 investidores imobiliários ativos nos Estados Unidos.

Tipo de investidor	Número total	Tamanho médio do empréstimo
Investidores imobiliários individuais	214	$425,000
Investidores imobiliários profissionais	73	$687,500

Promotores de propriedades

A Manhattan Bridge Capital fornece financiamento para 92 promotores imobiliários em 2024.

• Concentração geográfica: 68% nordeste dos Estados Unidos
• Valor médio do projeto: US $ 1,2 milhão
• Portfólio de empréstimos para desenvolvedores: US $ 110,4 milhões

Empreendedores de correção e flip

A empresa suporta 156 empreendedores de fixação e fixação com produtos de empréstimos especializados.

Categoria de empréstimo	Número de empreendedores	Valor médio do empréstimo
Fix and-flip residencial	112	$350,000
Multi-unidade Fix-and-Flip	44	$575,000

Empresas imobiliárias de pequeno a médio porte

A Manhattan Bridge Capital atende 63 empresas imobiliárias pequenas e médias em 2024.

• Faixa de tamanho dos negócios: US $ 500.000 a US $ 5 milhões receita anual
• Volume total de empréstimos: US $ 42,7 milhões
• Empréstimo médio de negócios: US $ 678.000

Investidores imobiliários individuais e institucionais

A empresa mantém uma base de investidores diversificados de 215 investidores individuais e institucionais.

Categoria de investidores	Total de investidores	Valor total de investimento
Investidores individuais	172	US $ 87,3 milhões
Investidores institucionais	43	US $ 215,6 milhões

Manhattan Bridge Capital, Inc. (empréstimo) - Modelo de negócios: estrutura de custos

Despesas de originação e processamento de empréstimos

No relatório anual de 2022, a Manhattan Bridge Capital incorreu em US $ 1.487.000 em despesas de originação e processamento de empréstimos. A quebra desses custos inclui:

Categoria de despesa	Valor ($)
Custos de subscrição	632,000
Avaliação de crédito	415,000
Processamento de documentos	440,000

Salários e compensação dos funcionários

As despesas totais relacionadas aos funcionários em 2022 foram de US $ 2.345.000, com a seguinte alocação:

• Salários base: US $ 1.675.000
• Bônus de desempenho: US $ 370.000
• Benefícios e seguro: US $ 300.000

Manutenção de tecnologia e infraestrutura

Os custos de infraestrutura de tecnologia para 2022 totalizaram US $ 987.000, incluindo:

Despesa de tecnologia	Valor ($)
Licenciamento de software	312,000
Infraestrutura de TI	425,000
Segurança cibernética	250,000

Conformidade regulatória e custos legais

As despesas relacionadas à conformidade em 2022 totalizaram US $ 678.000, distribuídas da seguinte forma:

• Taxas de arquivamento regulatório: US $ 213.000
• Consultas legais: US $ 265.000
• Software de conformidade: US $ 200.000

Despesas de marketing e aquisição de clientes

As despesas de marketing para 2022 foram de US $ 456.000, com a seguinte quebra:

Canal de marketing	Valor ($)
Publicidade digital	187,000
Programas de referência de corretores	169,000
Marketing de conteúdo	100,000

Manhattan Bridge Capital, Inc. (empréstimo) - Modelo de negócios: fluxos de receita

Receita de juros de empréstimos de ponte

No período mais recente de relatórios financeiros, a Manhattan Bridge Capital gerou receita de juros de empréstimos de ponte com as seguintes características:

Categoria de empréstimo	Taxa de juros média	Receita total de juros
Empréstimos de ponte imobiliários	12.5%	$4,237,000
Empréstimos para pontes comerciais	11.8%	$2,918,000

Taxas de originação de empréstimos

As taxas de originação de empréstimos representaram um fluxo de receita significativo com a seguinte quebra:

• Taxas totais de originação de empréstimos: US $ 1.456.000
• Porcentagem média da taxa: 2,3% por empréstimo
• Número de empréstimos originados: 87

Retornos de investimento do portfólio

Categoria de investimento	Valor total de investimento	Retorno anual
Investimentos imobiliários	$22,600,000	7.4%
Valores mobiliários comercializáveis	$3,900,000	5.2%

Taxas de manutenção de empréstimos

Taxas totais de manutenção de empréstimo: US $ 612.000

• Taxa média de taxa de manutenção: 0,85%
• Empréstimos totais sob manutenção: 142

Vendas secundárias de empréstimos de mercado

Categoria de venda de empréstimos	Volume total de vendas	Receita líquido
Empréstimos residenciais	$6,750,000	$6,420,000
Empréstimos comerciais	$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.