Manhattan Bridge Capital subsidiary secures $10M credit line, redeems $6M notes

MANHATTAN BRIDGE CAPITAL, INC

MBC Funding II entered into $10M credit facility with Valley National Bank, maturing Dec 12, 2027.
Interest: Term SOFR (floor 3%) + 2.95%; upfront fee 0.20%, unused line fee 0.25%.
CEO Assaf Ran provided limited guaranty capped at $500,000.
MBC Funding II redeemed all $6M outstanding 6% Senior Secured Notes at par plus accrued interest as of Dec 15, 2025.
Company entered Amendment No. 8 to existing credit agreement with Webster Bank to permit new facility.

item 1.01 item 1.02 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MANHATTAN BRIDGE CAPITAL, INC incurred credit facility of up to $10,000,000 with Valley National Bank at Term SOFR (subject to a floor of 3.00%), as defined in the Note, plus 2.95% per maturing December 12, 2027.

Instrument: credit facility
Principal: up to $10,000,000
Counterparty: Valley National Bank
Rate: Term SOFR (subject to a floor of 3.00%), as defined in the Note, plus 2.95% per
Maturity: December 12, 2027
Event: incurrence

Exact text from the filing

“ Letter Agreement ”) with Valley National Bank (“ Valley ”), pursuant to which Valley agreed to provide MBC Funding II with a line of credit in the principal amount of up to $10,000,000 (the “ Credit Facility ”). In connection with the Credit Facility, MBC Funding II executed a Line of Credit Note (the “ Note ”), which evidences the advances available under the

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Source: SEC EDGAR

accession 0001493152-25-027893

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