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Manhattan Bridge Capital, Inc. is a New York-based real estate finance company operating as a real estate investment trust (REIT). The company specializes in originating, servicing, and managing short-term, secured loans, commonly known as "hard money" loans, for real estate investors. These loans are primarily secured by first mortgage liens on residential and commercial properties, and the company generates revenue mainly from interest income and origination fees.
- Interest Income from Loans - Provides short-term, secured loans to real estate investors, earning interest on these loans as the primary revenue source.
- Origination Fees - Charges fees for originating loans, contributing significantly to the company's revenue.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Assaf Ran ExecutiveBoard | Chief Executive Officer | Assaf Ran has served as the Chief Executive Officer of Manhattan Bridge Capital, Inc. (LOAN) since its inception in 1989. He is also the Founder, Chairman of the Board, and President, with a strong track record of initiating and managing businesses. | View Report → | |
Vanessa Kao ExecutiveBoard | Chief Financial Officer, Vice President, Treasurer, and Secretary | Consultant at Jewish Marketing Solutions LLC since April 2016 | Vanessa Kao has served as CFO, Vice President, Treasurer, and Secretary at LOAN since June 2011 and joined the Board in November 2023, bringing extensive financial expertise from her roles at multiple companies. | |
Eran Goldshmit Board | Director | President of the New York Diamond Center | Eran Goldshmit is a Director at Manhattan Bridge Capital, Inc. (ticker: LOAN) since March 1999. He also serves as the president of the New York Diamond Center since August 2001. | |
Lyron Bentovim Board | Director | President and Chief Executive Officer of The Glimpse Group, Inc.; Managing Partner at Darklight Partners | Lyron Bentovim has been a member of LOAN's Board of Directors since December 2008 and serves on its Audit Committee. He brings over 25 years of management experience from roles including CFO and COO positions at various companies. | |
Michael J. Jackson Board | Member of the Board of Directors | Member of the Board of Directors at AvenueZ, Inc. | Michael J. Jackson has served on LOAN's Board of Directors since July 2000 and is the chairman of the Audit Committee. He has extensive experience serving as CFO and Executive Vice President in various companies including iCrossing, AGENCY.COM, and Radius Global Market Research. | |
Phillip Michals Board | Member of the Board of Directors | CEO and Executive Chairman of A.G.P./Alliance Global Partners; Co-Founder, Chairman of the Board and Director of A.G.P. Canada; Partner at RG Michals | Phillip Michals has served on the Board of Directors of Manhattan Bridge Capital, Inc. since June 2019 and actively participates in the Audit, Compensation, and Corporate Governance and Nominating Committees. Outside LOAN, he serves as the CEO and Executive Chairman of A.G.P./Alliance Global Partners since 2018, demonstrating extensive experience in business development. |
- Given your plans to deploy the newly raised funds along with the added borrowing capacity, can you provide specific details on the expected timeline and potential challenges in quickly closing new deals under varying market liquidity conditions?
- You announced a dividend of $0.28 per share despite modest Q2 earnings; what specific measures are in place to ensure that this payout is sustainable if deal flow or borrower quality deteriorates?
- With growth in capital from $6.7 million to $9.4 million and the increased capacity from the recent offering, how do you plan to balance aggressive expansion with maintaining your low leverage and strict underwriting standards in a volatile market?
- Your process emphasizes rigorous due diligence and personal guarantees, yet faster closings are a competitive advantage; in what ways might this thorough approach hinder your ability to capture time-sensitive opportunities, and how would you address that trade-off?
- The expansion of your credit line with Sterling National Bank has been positive, but as you scale your loan portfolio, how do you plan to mitigate counterparty risk and what contingency strategies do you have if Sterling or other private lenders alter their terms?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Four Entities (common individual interest) | Borrowers | Lending | $7.225 million (11.0% of total loan portfolio) |
No recent press releases or 8-K filings found for LOAN.