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AI brief of an SEC Form 8-K · MANHATTAN BRIDGE CAPITAL, INC (LOAN)

Manhattan Bridge Capital gets $10 million Valley National credit line, redeems 6% notes

Neutral Impact 3 of 5 financing Written later

On December 12, 2025, subsidiary MBC Funding II entered a letter agreement with Valley National Bank for a credit line of up to $10 million, maturing December 12, 2027 or earlier upon acceleration after a default. On December 15, 2025, the company redeemed all $6 million of its 6.00% Senior Secured Notes at 100% of principal plus accrued interest, so none remain outstanding; the new facility adds secured borrowing with financial covenants that shareholders should weigh.

Key points

  • $10 million line of credit from Valley National Bank, dated December 12, 2025, maturing December 12, 2027 or upon acceleration after an event of default
  • Floating rate of Term SOFR (3.00% floor) plus 2.95% per annum; upfront fee of 0.20% of commitment and unused line fee of 0.25% per annum
  • Secured by all assets; the company and CEO Assaf Ran provided guaranties, with Ran's liability capped at $500,000
  • All $6,000,000 of 6.00% Senior Secured Notes due April 22, 2026 redeemed on December 15, 2025 at 100% of principal plus accrued interest

The filing

CompanyMANHATTAN BRIDGE CAPITAL, INC (LOAN)
Form8-K, current report
Filed with the SECDec 16, 2025, 8:30 AM ET
Accession number0001493152-25-027893

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 16, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.