Manhattan Bridge Capital, Inc. reported a total revenue of approximately $8.67 million for the fiscal year ended December 31, 2025, a decrease of 10.6% from the $9.69 million recorded in 2024. This decline was primarily attributed to lower interest income and reduced origination fees, reflecting a slowdown in new loan originations. Interest income from secured real estate loans amounted to about $7.18 million, down from $8.05 million in the previous year, while origination fees decreased to approximately $1.49 million from $1.64 million. The company's net income also fell to approximately $5.11 million, an 8.6% decrease from $5.59 million in 2024.
In terms of operational metrics, the company originated loans totaling approximately $35.34 million in 2025, compared to $41.97 million in 2024. The number of loans outstanding at the end of 2025 was 88, with a principal amount of loans earning interest at approximately $60.67 million. The weighted average contractual interest rate for the loan portfolio was 11.12%, slightly down from 11.36% in 2024. The company maintained a strong geographic focus, with 93.18% of its loans secured by properties in the New York metropolitan area, New Jersey, Connecticut, and Florida.
Strategically, Manhattan Bridge Capital continues to focus on its core business of originating, servicing, and managing a portfolio of first mortgage loans. The company has not foreclosed on any properties since its inception in 2007, except for a recent incident in June 2023, which was resolved by receiving the full payoff amount in October 2023. The company has also been actively managing its credit facilities, with a $32.5 million credit line from Webster Bank and a $10 million line from Valley National Bank, both of which are secured by mortgage assignments. As of December 31, 2025, the company had outstanding borrowings of approximately $11.56 million under the Webster Credit Line and $6.04 million under the Valley Credit Line.
Looking ahead, Manhattan Bridge Capital aims to grow its loan portfolio while preserving capital and providing attractive risk-adjusted returns to shareholders. The company believes that the current demand for small real estate loans presents opportunities for selective origination of high-quality first mortgage loans. However, it acknowledges the challenges posed by high interest rates, which have impacted loan demand and capital deployment. The company remains committed to its disciplined lending practices and intends to leverage its expertise in the New York metropolitan area real estate market to navigate the evolving economic landscape.
About MANHATTAN BRIDGE CAPITAL, INC
Manhattan Bridge Capital, Inc. is a New York-based real estate finance company specializing in originating, servicing, and managing short-term, secured first mortgage loans on residential and commercial properties. Focused on the New York metropolitan area and Florida, it offers flexible, quick-structured loans to real estate investors, emphasizing capital preservation and attractive risk-adjusted returns through disciplined underwriting and long-standing borrower relationships.
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