AI filing briefs

MANHATTAN BRIDGE CAPITAL, INC (LOAN)

LOAN 8-K filings in 2025

Every material Form 8-K MANHATTAN BRIDGE CAPITAL, INC filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.

Briefs in 202513 on record in all
Latest filing in 2025Dec 16, 2025financing
High impact (4-5)0of 1 brief
ToneNeutral1
Dec 16, 8:30 AM ET

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

Neutral financing Written later 1.011.022.038.01

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.

  • $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
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