3 customers — 10.3% of receivables (At December 31, 2025)
“At December 31, 2025, we have made loans to three different entities in the aggregate amount of $6.2 million or representing 10.3% of our loan portfolio.”
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Manhattan Bridge Capital reported nine-month net income of approximately $3,665,000, down 8.1%, while quarterly net income rose 3.0% to approximately $1,238,000. A borrower with an approximately $935,000 loan remains in foreclosure, and the share repurchase authorization increased to 250,000 shares.
Manhattan Bridge Capital’s Board increased authorized share repurchases from 100,000 common shares to 250,000 common shares and extended the Share Buyback Program for an additional 12 months.
