Mill City Ventures III, Ltd. Increases Yield on $2.5M Credit Facility and Originates New $400K High-Yield Loan
Mill City Ventures III (NASDAQ:MCVT), a non-bank specialty finance company, has announced two significant lending developments. The company has successfully amended a $2.5 million credit facility, increasing the interest rate from 15% to 24% and extending its maturity date. Additionally, Mill City has funded a new $400,000 secured short-term loan with a 24% interest rate.
CEO Douglas M. Polinsky emphasized the company's focus on maintaining disciplined underwriting standards while pursuing strong risk-adjusted returns. Mill City continues to see robust demand for its short-term capital solutions across various sectors, including real estate, small business lending, and opportunistic credit.
Mill City Ventures III (NASDAQ:MCVT), una societ脿 finanziaria specializzata non bancaria, ha annunciato due importanti sviluppi nel settore del prestito. La societ脿 ha modificato con successo una linea di credito da 2,5 milioni di dollari, aumentando il tasso di interesse dal 15% al 24% e prorogando la data di scadenza. Inoltre, Mill City ha erogato un nuovo prestito garantito a breve termine da 400.000 dollari con un tasso di interesse del 24%.
Il CEO Douglas M. Polinsky ha sottolineato l'importanza per l'azienda di mantenere standard rigorosi di valutazione del credito, perseguendo al contempo rendimenti adeguati al rischio. Mill City continua a riscontrare una forte domanda per le sue soluzioni di capitale a breve termine in diversi settori, tra cui immobiliare, prestiti a piccole imprese e credito opportunistico.
Mill City Ventures III (NASDAQ:MCVT), una compa帽铆a financiera especializada no bancaria, ha anunciado dos importantes avances en pr茅stamos. La empresa ha modificado con 茅xito una l铆nea de cr茅dito de 2,5 millones de d贸lares, aumentando la tasa de inter茅s del 15% al 24% y extendiendo la fecha de vencimiento. Adem谩s, Mill City ha otorgado un nuevo pr茅stamo garantizado a corto plazo de 400,000 d贸lares con una tasa de inter茅s del 24%.
El CEO Douglas M. Polinsky destac贸 el enfoque de la compa帽铆a en mantener est谩ndares disciplinados de evaluaci贸n crediticia mientras busca fuertes rendimientos ajustados al riesgo. Mill City contin煤a viendo una demanda s贸lida por sus soluciones de capital a corto plazo en diversos sectores, incluyendo bienes ra铆ces, pr茅stamos a peque帽as empresas y cr茅dito oportunista.
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CEO 雿旉竴霛检姢 M. 韽措Π鞀ろ偆電� 臧曤弰 雴掛潃 鞁偓 旮办鞚� 鞙犾頃橂┐靹� 鞙勴棙 臁办爼 靾橃澋鞚� 於旉惮頃橂姅 須岇偓鞚� 氚╈龚鞚� 臧曥“頄堨姷雼堧嫟. Mill City電� 攵�霃欖偘, 靻岅赴鞐� 雽�於�, 旮绊殞欤检潣鞝� 鞁犾毄 霌� 雼れ枒頃� 攵勳暭鞐愳劀 雼赴 鞛愲掣 靻旊（靺橃棎 雽�頃� 臧曤牓頃� 靾橃殧毳� 歆�靻嶌爜鞙茧 頇曥澑頃橁碃 鞛堨姷雼堧嫟.
Mill City Ventures III (NASDAQ:MCVT), une soci茅t茅 financi猫re sp茅cialis茅e non bancaire, a annonc茅 deux d茅veloppements majeurs dans le domaine du pr锚t. L'entreprise a r茅ussi 脿 modifier une facilit茅 de cr茅dit de 2,5 millions de dollars, augmentant le taux d'int茅r锚t de 15% 脿 24% et prolongeant la date d'茅ch茅ance. De plus, Mill City a accord茅 un nouveau pr锚t 脿 court terme garanti de 400 000 dollars avec un taux d'int茅r锚t de 24%.
Le PDG Douglas M. Polinsky a soulign茅 l'importance pour la soci茅t茅 de maintenir des normes strictes d'octroi de cr茅dit tout en recherchant des rendements ajust茅s au risque solides. Mill City continue de constater une forte demande pour ses solutions de capitaux 脿 court terme dans divers secteurs, notamment l'immobilier, les pr锚ts aux petites entreprises et le cr茅dit opportuniste.
Mill City Ventures III (NASDAQ:MCVT), ein spezialisiertes Finanzunternehmen ohne Banklizenz, hat zwei bedeutende Entwicklungen im Kreditbereich bekannt gegeben. Das Unternehmen hat erfolgreich eine 2,5-Millionen-Dollar-Kreditlinie ge盲ndert, den Zinssatz von 15% auf 24% erh枚ht und das F盲lligkeitsdatum verl盲ngert. Zus盲tzlich hat Mill City einen neuen gesicherten kurzfristigen Kredit 眉ber 400.000 Dollar mit einem Zinssatz von 24% bereitgestellt.
CEO Douglas M. Polinsky betonte den Fokus des Unternehmens auf disziplinierte Kreditvergabestandards bei gleichzeitigem Streben nach attraktiven risikoadjustierten Renditen. Mill City verzeichnet weiterhin eine starke Nachfrage nach kurzfristigen Kapitall枚sungen in verschiedenen Branchen, darunter Immobilien, Kleinunternehmenskredite und opportunistische Kredite.
- Interest rate increase from 15% to 24% on $2.5M credit facility enhances revenue potential
- New $400,000 high-yield loan at 24% interest demonstrates continued deal flow
- Strong demand reported across multiple lending sectors
- Higher interest rates may indicate increased risk in underlying loans
- Extension of credit facility maturity suggests potential collection or refinancing challenges
Insights
Mill City boosts returns by increasing yield on existing $2.5M facility to 24% and adding new high-yield loan, improving profitability outlook.
Mill City Ventures has made two strategic moves to enhance its yield profile. First, they've amended a $2.5 million credit facility by increasing the interest rate from 15% to 24% - a significant
For perspective, the interest rate increase on the existing facility alone would generate approximately
These high-yield transactions indicate Mill City is successfully maintaining pricing power in its lending niche while adhering to risk management protocols. The secured nature of the new loan and the existing relationship with the credit facility borrower suggest Mill City is balancing yield enhancement with appropriate risk controls.
The
WAYZATA, MN / / July 7, 2025 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today it has amended a
"These transactions reflect Mill City's focus on maintaining disciplined underwriting standards while capturing compelling risk-adjusted returns," said Mill City CEO Douglas M. Polinsky.
He continued, "Our ability to increase yields on existing credits and originate new high-yield secured loans demonstrates our proactive management strategy and our ongoing commitment to generating superior returns for our investors."
Mill City continues to see strong interest in its short-term capital solutions and remains active across multiple sectors including real estate, small business lending, and opportunistic credit.
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.
About Mill City Ventures III, Ltd.
Founded in 2007, Mill City Ventures III, Ltd., is a specialty finance company focused on short-term lending and structured finance solutions. The company provides capital to businesses through secured loan agreements, offering investors attractive returns with a focus on security and risk mitigation. More information about the company can be obtained at www.sec.gov or .
Investor Relations Contact:
Joseph A. Geraci
Chief Financial Officer
Mill City Ventures III, Ltd.
612-868-5815
[email protected]
SOURCE: Mill City Ventures III Ltd.
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