Manhattan Bridge Capital, Inc · NASDAQ:LOAN
Manhattan Bridge Capital — Investor Presentation (May 2015)
15 slides from Manhattan Bridge Capital's investor presentation, May 2015
Slide 1: Manhattan Bridge Capital
— MANHATTAN BRIDGE CAPITAL NASDAQ: LOAN
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: Free Writing Prospectus Statement
Free Writing Prospectus Statement This presentation highlights basic information about us and the offering. Because it is a summary, it d does nott contain t i allll the th iinformation f ti ththatt you should h ld consider id b before f iinvesting. ti We have filed a registration statement (includi
Slide 4: Offering Summary
Offering Summary Issuer Manhattan Bridge Capital Listing Ticker LOAN (NASDAQ) Offering Size Approximately $4,500,000 (100% Primary) Securities Offered Common Shares Over-Allotment 15% (100% Primary) Use of Proceeds Working Capital Sole Bookrunner Aegis Capital Corp Corp. 4
Slide 5: 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 • Higher rates than conventional banks for faster approval • Typical loans range from $300K - $600K 5
Slide 6: Business Model
Business Model • Generate above average, consistent returns with low risk • Rigorous g due diligence g comparable p to a conventional bank but with q quick approval pp • Focused on asset and cash flow protection and net worth of principals • Disciplined underwriting, underwriting deal structuring an
Slide 7: Existing Loan Portfolio
Existing g Loan Portfolio Deal Types Purchase, Fix and Flip Small/New Construction Projects – single and multi-units Income Producing Properties 7
Slide 8: 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 of Loan Underwriting g y safety Rigorous - Continuous monitoring of underlying performance and co
Slide 9: Loan Structure
Loan Structure Size • Typically, $50K - $1.3M Collateral • Senior Mortgage Term • Up to one year Rate • 12% - 15% (current pay) Upfront Fees • 1% - 3% Payments • Typically, interest payable monthly and principal payable at maturity Covenants • According to company’s lending policy • Compelling e exi
Slide 10: Financial Highlights
Financial Highlights g g Portfolio Overview Balance Sheet • Currentlyy managing g g approximately pp y 75 loans • $23.8M $23 8M of short-term and long-term secured loans receivable at March 31, 2015 • Completed more than 350 transactions in 8 years worth more than $85M • Net proceeds from offering w
Slide 11: Organization
Organization CEO/Portfolio CEO/P tf li Manager M • Responsible for overall portfolio management • Interviews each borrower • Oversees due diligence and decision making process • Monitors M it portfolio tf li daily d il and d iinteracts t t with ith b borrowers Finance y screening • Preliminary g and
Slide 12: Management
Management • Assaf Ran is the founder of Manhattan Bridge Capital and has been the company’s CEO and President since 1989 • Assaf has 24 years of senior management experience Assaf Ran, CEO leading ead g pub publicc and a dpprivate ate bus businesses esses • Founder of DAG Media and grew revenues to
Slide 13: MBC REIT Model
MBC REIT Model • REIT tax pass-through entity • Distribute 90% of earnings to shareholders • 5 largest shareholders own less than 50% of shares outstanding • Lower leverage compared to peers • High capital turnover results in increased liquidity • Company has increased its dividend and is currently
Slide 14: Capital Structure (Pre-Offering)
Capital p Structure ((Pre-Offering) g) Shares Outstanding¹ % C Common Sh Shares 6 095 089 6,095,089 97 4% 97.4% Equity Awards‐Stock Options2 71,000 1.1% Warrants3 91,319 1.5% Adj Adjusted d Sh Shares Outstanding O di 6 257 408 6,257,408 100% Short‐term Debt $1,100,000 Credit Line4 $14,000,000 Pro Fo
Slide 15: Conclusion
Conclusion • Advantages in both strong and recessionary markets • Strong management team and proven track record • Focused and specialized p with one p product – hard moneyy loans • Low risk of default with short-term, conservative LTV loans with thorough due diligence and transaction structuring •
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