Manhattan Bridge

Manhattan Bridge Capital, Inc. engages in originating, servicing, and managing a portfolio of first mortgage loans. It offers short-term, secured, non-banking loans to real estate investors to fund their acquisition and construction of properties located in the New York Metropolitan area. The company was founded by Assaf N. Ran in 1989 and is headquartered in Great Neck, NY.

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GREAT NECK, N.Y., July 07, 2021 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NasdaqCM: LOAN), or Manhattan Bridge Capital, a real estate finance company specializing in originating, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real estate, today announced the pricing of its previously announced underwritten public offering. The Company is offering 1,875,000 common shares, par value $0.001 per share, at a price to the public of $7.20 per share. In connection with the offering, the Company has also granted the underwriter a 30-day option to purchase up to an additional 281,250 common shares offered in the public offering, at the same public offering price per share, less underwriting discounts and commissions, to cover over-allotments, if any.

Manhattan Bridge Capital Announces Pricing of Proposed Public Offering of Common Shares

GREAT NECK, N.Y., July 06, 2021 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NasdaqCM: LOAN), or Manhattan Bridge Capital, a real estate finance company specializing in originating, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real estate, announced today that it is proposing to offer its common shares, par value $0.001 per share, in an underwritten public offering. Manhattan Bridge Capital expects to grant the underwriter a 30-day option to purchase up to an additional 15 percent of its common shares offered in the public offering, at the same public offering price per share, less underwriting discounts and commissions, to cover over-allotments, if any. Manhattan Bridge Capital intends to use the net proceeds from the offering primarily to reduce the outstanding balance of its existing credit line, and in the event that additional proceeds remain, to increase its loan portfolio and for general corporate purposes and working capital. The final terms of the offering will depend on market and other conditions at the time of pricing, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Manhattan Bridge Capital Announces Proposed Public Offering of Common Shares

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GREAT NECK, N.Y., April 15, 2021 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN ) announced today that its board of directors has declared a quarterly dividend of $0.125 per share to be paid to all shareholders of record on July 9, 2021. The dividend will be paid on July 15, 2021.

Manhattan Bridge Capital, Inc. Increases its Quarterly Dividend to $0.125 per Share

GREAT NECK, N.Y., April 14, 2021 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN ) announced today that net income for the three months ended March 31, 2021 was approximately $1,106,000, or $0.12 per basic and diluted share (based on approximately 9.6 million weighted-average outstanding common shares), versus approximately $1,016,000, or $0.11 per basic and diluted share (based on approximately 9.7 million weighted-average outstanding common shares) for the three months ended March 31, 2020, an increase of $90,000, or 8.9%. This increase is primarily attributable to the decreases in interest expense and in general and administrative expenses.

Manhattan Bridge Capital, Inc. Reports First Quarter 2021 Results

GREAT NECK, N.Y., March 11, 2021 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN ) announced today that net income for the year ended December 31, 2020 was approximately $4,229,000, or $0.44 per share (based on approximately 9.6 million weighted-average outstanding common shares), versus approximately $4,495,000, or $0.47 per share (based on approximately 9.7 million weighted-average outstanding common shares) for the year ended December 31, 2019, a decrease of $266,000, or 5.9%. This decrease is primarily attributable to a decrease in revenue, partially offset by a decrease in interest expense.

Manhattan Bridge Capital, Inc. Reports Results for 2020

GREAT NECK, N.Y., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN ) announced today that, in accordance with the board approved dividend declared on October 26, 2020, a cash dividend of $0.11 per share will be paid to all shareholders of record on December 31, 2020. The dividend will be paid on January 15, 2021.

Manhattan Bridge Capital, Inc. Announces Payment of Quarterly $0.11 per Share Dividend

GREAT NECK, N.Y., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN ) announced today that its board of directors has declared a quarterly dividend of $0.11 per share to be paid to all shareholders of record on December 31, 2020. The dividend will be paid on January 15, 2021.

Manhattan Bridge Capital, Inc. Declares an Increased Quarterly Dividend of $0.11 per Share

Shares of Manhattan Bridge Capital (NASDAQ:LOAN) were unchanged after the company reported Q3 results. Quarterly Results Earnings per share increased 0.00% over the past year to $0.12, which beat the estimate of $0.10.

Manhattan Bridge Capital: Q3 Earnings Insights

GREAT NECK, N.Y., Oct. 20, 2020 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN ) announced today that its net income for the three months ended September 30, 2020 was approximately $1,151,000, or $0.12 per basic and diluted share (based on approximately 9.6 million weighted-average outstanding common shares), as compared to approximately $1,150,000, or $0.12 per basic and diluted share (based on approximately 9.7 million weighted-average outstanding common shares), for the three months ended September 30, 2019.

Manhattan Bridge Capital, Inc. Reports $0.12 EPS for the Third Quarter

GREAT NECK, N.Y., July  23, 2020  (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) announced today that its total revenues for the three months ended June 30, 2020 were approximately $1,741,000 compared to approximately $1,779,000 for the three months ended June 30, 2019, a decrease of $38,000, or 2.1%. The decrease in revenues was primarily attributable to lower interest rates and origination points charged on loans due to market conditions and intense competition from other lenders, as well as lower demand for new loans resulting from the COVID-19 pandemic. For the three months ended June 30, 2020 and 2019, approximately $1,490,000 and $1,487,000, respectively, of our revenues were attributable to interest income on secured commercial loans that we offer to small businesses, and approximately $251,000 and $292,000, respectively, of our revenues were attributable to origination fees on such loans.

Manhattan Bridge Capital, Inc. Reports Second Quarter 2020 Results

GREAT NECK, N.Y., March  30, 2020  (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that, in accordance with the board approved dividend declared on February 7, 2020, a cash dividend of $0.11 per share will be paid to all shareholders of record on April 10, 2020. The dividend will be paid on April 15, 2020.   

Manhattan Bridge Capital, Inc.  Announces Payment of Quarterly Dividend

GREAT NECK, N.Y., Feb.  27, 2020  (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) announced that its Board of Directors has authorized a common stock repurchase plan allowing the buyback of up to 100,000 common shares in market or off-market transactions at prevailing prices over the next twelve months.

Manhattan Bridge Capital, Inc. Announces the Buyback of its Common Shares

GREAT NECK, N.Y., Feb.  07, 2020  (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors has declared a quarterly dividend of $0.11 per share to be paid to all shareholders of record on April 10, 2020. The dividend will be paid on April 15, 2020.   

Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) Declares Quarterly Dividend

GREAT NECK, N.Y., Oct.  23, 2019  (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors has declared a quarterly dividend of $0.12 per share to be paid to all shareholders of record on December 31, 2019. The dividend will be paid on January 15, 2020.   

Manhattan Bridge Capital, Inc.  Declares Quarterly Dividend

GREAT NECK, N.Y., Oct.  21, 2019  (GLOBE NEWSWIRE) --  Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) announced today that total revenue for the three month period ended September 30, 2019 was approximately $1,917,000 compared to approximately $1,891,000 for the three month period ended September 30, 2018, an increase of $26,000, or 1.4%. The increase in revenue is the result of an increase in lending operations. For the three month periods ended September 30, 2019 and 2018, approximately $1,619,000 and $1,617,000, respectively, of our revenues were attributable to interest income on the secured commercial loans that we offer to small businesses, and approximately $298,000 and $275,000, respectively, of our revenues were attributable to origination fees on such loans.

Manhattan Bridge Capital, Inc. Reports Third Quarter 2019 Results

GREAT NECK, N.Y., Sept.  26, 2019  (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that, in accordance with the board approved dividend declared on July 30, 2019, a cash dividend of $0.12 per share will be paid to all shareholders of record on October 10, 2019. The dividend will be paid on October 15, 2019.   

Manhattan Bridge Capital, Inc. Announces Payment of Quarterly $0.12 per Share Dividend

Manhattan Bridge Capital is one of the smallest financials I have ever looked at.

Manhattan Bridge Capital Deserves Some Attention

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