MANHATTAN BRIDGE CAPITAL Business Summary

Manhattan Bridge Capital, Inc. (LOAN) operates as a specialized real estate investment trust (REIT) that generates revenue primarily through interest income and origination fees derived from short-term, first-mortgage loans, commonly referred to as "hard money" or bridge financing. The company’s business model focuses on providing senior secured capital to real estate investors for the acquisition, renovation, and development of residential and commercial properties, with a primary geographic concentration in the New York metropolitan area and Florida. LOAN distinguishes itself by prioritizing the underlying collateral value and speed of execution over traditional borrower credit scores, maintaining a conservative portfolio characterized by low loan-to-value (LTV) ratios. In the competitive landscape of mortgage REITs, the company competes directly with firms such as Sachem Capital Corp. (SACH), Arbor Realty Trust (ABR), and Ladder Capital Corp (LADR), positioning itself as a niche, risk-averse lender that emphasizes underwriting discipline and consistent dividend distributions over aggressive asset growth. The company is led by its founder, Assaf Ran, who has served as Chairman, President, and Chief Executive Officer since the firm’s inception in 1989, bringing over 37 years of senior management experience to the organization. Supporting the executive leadership is Vanessa Kao, who has served as Chief Financial Officer, Treasurer, and Secretary since 2011 and was appointed to the Board of Directors in late 2023. The firm’s governance is marked by exceptional stability, with an average board tenure exceeding 20 years. Key board members include Lyron Bentovim, a seasoned executive and CEO of The Glimpse Group, and Michael J. Jackson, who serves as the Audit Committee Chair. As of March 2026, Manhattan Bridge Capital maintains strong insider alignment, with founder Assaf Ran holding an equity stake of approximately 22%, ensuring that management’s strategic objectives remain closely aligned with long-term shareholder interests.