Manhattan Bridge Capital (LOAN) investor relations material

Executive summary

• Specializes in short-term, secured, non-banking loans to real estate investors in NY, NJ, CT, and FL, focusing on first mortgage liens and personal guarantees from borrowers.

• Revenue for Q2 2026 was $2.05M, down 13.2% year-over-year, despite higher loan origination and capital deployment, due to lower interest rates and origination fees amid increased competition.

• Net income for Q2 2026 was $1.15M ($0.10/share), an 18.4% decrease from Q2 2025, mainly from lower revenue, partially offset by reduced interest expense.

• No credit losses recorded to date; one Florida loan ($935,000) in default, but collateral value deemed sufficient and full recovery of principal and interest is expected within 1-2 years.

Financial highlights

• Total revenue for Q2 2026 was $2.05M, down 13.2% year-over-year; six-month revenue was $4.11M, down 11.1%.

• Q2 2026 net income was $1.15M, down 18.4% year-over-year; six-month net income was $2.43M, down 12.9%.

• Interest and amortization of deferred financing costs decreased 21.1% in Q2 and 20.5% for six months, reflecting lower average borrowings and SOFR rates.

• General and administrative expenses increased 13.0% in Q2 and 3.9% for six months, mainly due to higher payroll and legal costs.

• Interest income for Q2 2026 was $1.74M (vs. $1.90M in Q2 2025); origination fees were $307K (vs. $456K).

Outlook and guidance

• Management expects current cash, available credit, and operating cash flows to be sufficient for at least the next 12 months.

• Loan origination and capital deployment increased, with a growing pipeline, but competition is expected to keep interest rates and origination fees lower.

• Working capital requirements are expected to rise as growth opportunities are pursued.

• Management anticipates continued intense competition and potential for further fee and rate pressure.