Manhattan Bridge Capital, Inc. Reports First Quarter Results for 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2025
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Source: Newsfilter
Financial Performance: Manhattan Bridge Capital, Inc. reported a net income of approximately $1,373,000 for Q1 2025, a decrease from $1,476,000 in Q1 2024, primarily due to reduced interest income from loans and total revenues falling by 11.6% year-over-year.
Market Outlook: CEO Assaf Ran expressed concerns about the real estate market's recovery amid global economic uncertainty and delays in interest rate reductions, while emphasizing the company's strong position due to low leverage and solid borrower relationships.
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About LOAN
Manhattan Bridge Capital, Inc. is a real estate finance company focused on originating, servicing, and managing a portfolio of first mortgage loans. It offers short-term, secured, and non-banking loans initial term expires, to real estate investors to fund their acquisition, renovation, rehabilitation, or improvement of properties located in the New York metropolitan area, including New Jersey, Connecticut, and in Florida. Its real estate lending activities involve originating, funding, servicing, and managing short-term loans, which is loans with an initial term of not more than one year; secured by first mortgage liens on real estate property located in the New York metropolitan area. Borrowers use the proceeds from its loans for one of three purposes: to acquire and renovate existing residential, including single, two or three-family, real estate properties; to acquire vacant land and construct residential real properties; and to purchase and hold income-producing properties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Rocket Companies Stock Rises 9.65% to $23.29 Amid Mortgage-Bond Purchase Proposal
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