Manhattan Bridge Capital amended its credit agreement on February 24, 2026, extending the revolving facility through March 31, 2026, and reallocating commitments following the departure of Mizrahi Tefahot Bank from the lender group. Concurrently, the company issued a Second Amended and Restated Revolving Credit Note to Webster Bank, increasing the principal amount to $22.5 million from $15.0 million. The actions are intended to preserve liquidity, streamline lender participation, and expand borrowing capacity under Webster’s leadership as agent.<\/p>\n
Agreement 1: Manhattan Bridge Capital Amends Credit Agreement; Term Extended to Mar 31, 2026<\/p>\n
Agreement type: Amendment to secured revolving credit facilityCounterparty: Webster Bank, as agent, and other lendersSigned \/ Effective: Feb 24 2026 \/ sameDuration \/ Termination: Through Mar 31 2026Reason: Extend maturity and adjust lender mix after departure<\/p>\n
Agreement 2: Manhattan Bridge Capital Upsizes Revolving Note With Webster to $22.5 Million<\/p>\n
Agreement type: Second Amended and Restated Revolving Credit NoteCounterparty: Webster BankSigned \/ Effective: Feb 24 2026 \/ sameDuration \/ Termination: Through Mar 31 2026Reason: Increase borrowing capacity with lead bank<\/p>\n