Manhattan Bridge Capital reports FY24 EPS 49c vs 48c last year

Reports FY24 revenue $9.7M vs $9.8M last year. Assaf Ran, Chairman of the Board and Chief Executive Officer of the Company, stated, “2024 was a risky and ultra challenging year for real estate lenders. The lingering high-interest rate environment weighs down on real estate investors’ liquidity and profitability. Furthermore, the difference in interest rates between hard money lenders and conventional banks is not always significant enough to make refinancing a viable exit strategy for our loans.”