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，明尼苏达州 / ACCESSWIRE / 2024年9月13日 / 密尔城投资第三有限公司（“密尔城”）（纳斯达克：MCVT），一家非银行借贷机构和专业金融公司，今天宣布为两个老年护理项目提供了一笔115万美元的短期贷款。
"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."
"这项投资代表着我们首次进入快速增长的老年、记忆和临时护理行业，"密尔城首席执行官道格拉斯·M·波林斯基表示。他补充说：“我们简化的核保流程使我们能够在该交易的最后一个阶段参与，仍然可以满足这个有前途且非常需要的项目的截止日期。该资金还使我们能够继续实现超过20％年化回报的目标。"
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年初以来，密尔城已经看到融资机会的需求增加，并继续追求被裁定的保险解决方案、基于资产的贷款、以房地产为抵押的贷款以及其他投资机会。
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.
本文中的前瞻性陈述根据1995年《私人证券诉讼改革法》的"安全港"规定进行。这些前瞻性陈述受到风险、不确定性和其他因素的影响，可能导致实际结果与前瞻性陈述中的未来结果不符，包括但不限于短期非银行专业贷款的持续需求，公司在获得有吸引力的回报的同时继续增加其投资组合的能力，竞争水平的增加，竞争对手推出的新产品或服务，贷款市场利率的变动等风险。
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.
关于密尔城投资第三有限公司
成立于2007年，密尔城投资第三有限公司是一家短期非银行贷款和专业金融公司。有关该公司的更多信息可以在www.sec.gov上获得。
CONTACT:
Joseph A. Geraci
Chief Financial Officer
jg@millcityventures3.com
952-479-1920
联系人：
约瑟夫·A·杰拉奇（Joseph A. Geraci）
致富金融(临时代码)官
jg@millcityventures3.com
952-479-1920
SOURCE: Mill City Ventures III, Ltd.
来源：Mill City Ventures III，Ltd.