MANHATTAN BRIDGE CAPITAL, INC (LOAN) Latest Filing Signal

Based on earningsVibe SuperAnalyst™ synthesis of the latest 10-K, MANHATTAN BRIDGE CAPITAL, INC's filing signal continuing negative.

Manhattan Bridge Capital, Inc. is a real estate finance company that specializes in originating, servicing, and managing a portfolio of short-term, secured, non-banking loans, often referred to as 'hard money' loans. These loans are provided to real estate investors for property acquisition, renovation, rehabilitation, or improvement, primarily within the New York metropolitan area, including New Jersey and Connecticut, and also in Florida. The company operates as a Real Estate Investment Trust (REIT), distributing at least 90% of its taxable income to shareholders annually. Its lending policy limits individual loans to the lesser of 9.9% of the total loan portfolio or $4 million, with typical interest rates ranging from 9% to 12.5% per annum, often with an adjustable rate provision.

Revenue is primarily generated from interest earned on its portfolio of secured real estate loans. Additional revenue is derived from origination fees and other fees associated with underwriting and funding these loans.