---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-003560"
form_type: "8-K"
ticker: "LOAN"
cik: "0001080340"
company_name: "MANHATTAN BRIDGE CAPITAL, INC"
filed_at: "2023-02-03T23:59:59+00:00"
generated_at: "2026-06-20T00:49:04.878887+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Manhattan Bridge Capital amends credit line: maturity extended to 2026, loan limits raised

## Summary
- Extended $32.5M credit line maturity by three years to February 28, 2026.
- Transitioned benchmark from LIBOR to SOFR; adjusted margins for Base Rate and SOFR loans.
- Increased individual loan limit from $2M to $3M and mortgagor concentration limit from $5M to $6M.
- Eliminated requirement to pledge additional mortgage loans of $2.5M as collateral.
- Capped personal guaranty by CEO Assaf Ran at $1M plus enforcement costs.

## SEC filing metadata
- accession: 0001493152-23-003560
- form_type: 8-K
- ticker: LOAN
- cik: 0001080340
- company_name: MANHATTAN BRIDGE CAPITAL, INC
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1080340/000149315223003560/0001493152-23-003560-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1080340/000149315223003560/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-003560
- JSON: https://secwatch.observer/filing/0001493152-23-003560.json
- Plain text: https://secwatch.observer/filing/0001493152-23-003560.txt

## Key facts
- Material Agreements
  MANHATTAN BRIDGE CAPITAL, INC amended Amendment with Webster Business Credit, a division of Webster Bank, N.A. (effective 2023-01-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Webster Business Credit, a division of Webster Bank, N.A.
  - Effective: 2023-01-31
  source text: On January 31, 2023, Manhattan Bridge Capital, Inc. (the “ Company ”) entered into an amendment (the “ Amendment ”), effective as of January 2, 2023, to its Amended and Restated Credit and Security Agreement, as amended (the “ Agreement ”), among the Company, Webster Business Credit, a division of Webster Bank, N.A., successor in interest to Webster Business Credit Corporation (“ Webster ”), the other lenders from time to time party thereto (the “ Lenders ”), Webster, as agent for the Lenders (in such capacity, the “ Agent ”), and Assaf Ran, as guarantor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1080340/000149315223003560/0001493152-23-003560-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.