Manhattan Bridge Capital, Inc · NASDAQ:LOAN
Manhattan Bridge Capital — Investor Presentation (May 2023)
13 slides from Manhattan Bridge Capital's investor presentation, May 2023
Slide 1: Manhattan Bridge Capital - NASDAQ: LOAN
— MANHATTAN BRIDGE CAPITAL NASDAQ: LOAN May 2023
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations
Slide 3: Overview
Overview • A leading “hard money lender” in the New York metropolitan market • Provide short-term secured financing to real estate investors in the New York metropolitan area, including New Jersey and Connecticut, and in Florida • Higher rates than conventional banks for faster approval • Typical lo
Slide 4: Business Model
Business Model • Generate above average, consistent returns with low risk • Rigorous due diligence comparable to a conventional bank but with quick approval • Focused on asset and cash flow protection and net worth of principals • Disciplined underwriting, deal structuring and portfolio management •
Slide 5: Existing Loan Portfolio
Existing Loan Portfolio Deal Types Purchase, Fix and Flip Small/New Construction Projects – single and multi-units Income Producing Properties 5
Slide 6: Lending Process
Lending Process - Generate deal flow Origination - Opportunity is matched with lending criteria Conservative - Thorough due diligence process Discipline - Emphasize principal protection to ensure margin Loan Underwriting of safety Rigorous - Continuous monitoring of underlying performance and compli
Slide 7: Loan Structure
Loan Structure Size • Typically, $400K - $800K Collateral • Senior Mortgage Term • Up to one year Rate • 9% - 12% (current pay) Upfront Fees • 0% - 2% Payments • Typically, interest payable monthly and principal payable at maturity Covenants • According to company’s lending policy • Compelling exit
Slide 8: Financial Highlights
Financial Highlights Portfolio Overview Balance Sheet • Completed more than 1,150 transactions in 16 years • $72M of secured loans receivable at March 31, 2023 • Revenue of $8.6M for 2022 compared to $6.8M for 2021. Net income of $5.2M for 2022 compared to • $32.5M line of credit with Webster Busine
Slide 9: Growth
Growth $9,000,000 $8,570,964 $8,000,000 $7,224,562 $7,339,705 $7,006,351 $7,000,000 $6,807,890 $5,918,937 $6,000,000 $5,211,738 $5,000,000 $4,648,560 $4,494,510 $4,423,325 $4,204,424 $4,229,378 Revenue $4,000,626 $4,000,000 Net Earnings $3,438,534 $2,903,665 $2,836,960 $3,000,000 $2,397,792 $2,237,5
Slide 10: Organization
Organization CEO/Portfolio Manager • Responsible for overall portfolio management • Interviews each borrower • Oversees due diligence and decision making process • Monitors portfolio daily and interacts with borrowers Finance • Preliminary screening and due diligence of financial conditions • Monito
Slide 11: Management
Management • Assaf Ran is the founder of Manhattan Bridge Capital and has been the company’s CEO and President since 1989 Assaf Ran, CEO • Assaf has 34 years of senior management experience leading public and private businesses • Founder of DAG Media and grew revenues to over $12M • Vanessa Kao rejo
Slide 12: Real Estate Investment Trust ("REIT") Model
Real Estate Investment Trust (“REIT”) Model • REIT tax pass-through entity • Distribute at least 90% of earnings to shareholders • 5 largest shareholders own less than 50% of shares outstanding • Lower debt-to-equity ratio compared to peers • High capital turnover results in increased liquidity • $0
Slide 13: Conclusion
Conclusion • Advantages in both strong and recessionary markets • Strong management team and proven track record • Focused and specialized with one product – hard money loans • Low risk of default with short-term, conservative LTV loans with thorough due diligence and transaction structuring • Exten
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