Mill City Ventures III, Ltd. Advances $1.15 Million To Award-winning Senior Care Provider
Mill City Ventures III, Ltd. Advances $1.15 Million To Award-winning Senior Care Provider
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements, including without limitation continued demand for short-term specialty non-bank loans, the company's ability to continue growing its investment portfolio while receiving attractive returns, increased levels of competition, new products or offerings introduced by competitors, changes in the market rates of loans, and other risks.MINNEAPOLIS, MN / ACCESSWIRE / September 13, 2024 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today its funding of a $1.15 million short-term loan in facilitation of two senior care development projects.
明尼阿波利斯，明尼蘇達州 / ACCESSWIRE / 2024年9月13日 / 密爾城投資第三有限公司（「密爾城」）（納斯達克：MCVT），一家非銀行借貸機構和專業金融公司，今天宣佈爲兩個老年護理項目提供了一筆115萬美元的短期貸款。
"This investment represents our first foray into the fast growing senior, memory and respite care industry," stated Mill City CEO Douglas M. Polinsky. He added "Our streamlined underwriting process allowed us to get involved in this transaction late in the game and still meet the closing deadline for this promising and much needed project. The funding also allows us to continue meeting our goal of obtaining returns exceeding 20% on an annualized basis."
"這項投資代表着我們首次進入快速增長的老年、記憶和臨時護理行業，"密爾城首席執行官道格拉斯·M·波林斯基表示。他補充說：“我們簡化的核保流程使我們能夠在該交易的最後一個階段參與，仍然可以滿足這個有前途且非常需要的項目的截止日期。該資金還使我們能夠繼續實現超過20％年化回報的目標。"
Mill City has seen an increase in demand of funding opportunities since the beginning of 2024, and continues to pursue transaction opportunities in adjudicated insurance settlements, asset-based loans, real estate backed loans, as well as other investment opportunities.
自2024年初以來，密爾城已經看到融資機會的需求增加，並繼續追求被裁定的保險解決方案、基於資產的貸款、以房地產爲抵押的貸款以及其他投資機會。
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements, including without limitation continued demand for short-term specialty non-bank loans, the company's ability to continue growing its investment portfolio while receiving attractive returns, increased levels of competition, new products or offerings introduced by competitors, changes in the market rates of loans, and other risks.
本文中的前瞻性陳述根據1995年《私人證券訴訟改革法》的"安全港"規定進行。這些前瞻性陳述受到風險、不確定性和其他因素的影響，可能導致實際結果與前瞻性陳述中的未來結果不符，包括但不限於短期非銀行專業貸款的持續需求，公司在獲得有吸引力的回報的同時繼續增加其投資組合的能力，競爭水平的增加，競爭對手推出的新產品或服務，貸款市場利率的變動等風險。
About Mill City Ventures III, Ltd.
Founded in 2007, Mill City Ventures III, Ltd., is a short-term non-bank lending and specialty finance company. More information about the company can be obtained at www.sec.gov.
關於密爾城投資第三有限公司
成立於2007年，密爾城投資第三有限公司是一家短期非銀行貸款和專業金融公司。有關該公司的更多信息可以在www.sec.gov上獲得。
CONTACT:
Joseph A. Geraci
Chief Financial Officer
jg@millcityventures3.com
952-479-1920
聯繫人：
約瑟夫·A·傑拉奇（Joseph A. Geraci）
致富金融(臨時代碼)官
jg@millcityventures3.com
952-479-1920
SOURCE: Mill City Ventures III, Ltd.
來源：Mill City Ventures III，Ltd.
