secwatch.observer — SEC 8-K summary
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Issuer:     MANHATTAN BRIDGE CAPITAL, INC (LOAN)
CIK:        0001080340
Form:       8-K
Filed at:   2025-12-16T23:59:59+00:00
Accession:  0001493152-25-027893
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080340/000149315225027893/0001493152-25-027893-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080340/000149315225027893/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-027893

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