Mill City Ventures Advances Additional $1M to Senior Care Provider
Mill City Ventures III (NASDAQ:MCVT) has provided an additional $1 million advance to Coventry Holdings of Minnesota, under their short-term credit and security agreement. The funding will support startup and construction costs for a new senior care project while Coventry seeks long-term financing.
The loan demonstrates Mill City's ongoing partnership with Coventry, which operates 17 senior care facilities in the Minneapolis-St. Paul area. CEO Douglas M. Polinsky highlighted that these short-duration loans are generating gross returns exceeding 25% for Mill City shareholders.
The company reports increased funding demand since early 2025 and continues to pursue various opportunities including asset-backed loans, working capital funding, and real estate-based loans.
Mill City Ventures III (NASDAQ:MCVT) ha fornito un ulteriore finanziamento anticipato di 1 milione di dollari a Coventry Holdings del Minnesota, nell'ambito del loro accordo di credito a breve termine e di garanzia. Il finanziamento supporterà i costi di avvio e costruzione di un nuovo progetto di assistenza agli anziani mentre Coventry cerca finanziamenti a lungo termine.
Il prestito dimostra la continua partnership di Mill City con Coventry, che gestisce 17 strutture di assistenza agli anziani nella zona di Minneapolis-St. Paul. Il CEO Douglas M. Polinsky ha sottolineato che questi prestiti a breve termine stanno generando rendimenti lordi superiori al 25% per gli azionisti di Mill City.
L'azienda riporta un aumento della domanda di finanziamenti dall'inizio del 2025 e continua a perseguire diverse opportunità, tra cui prestiti garantiti da attivi, finanziamenti per il capitale circolante e prestiti basati su immobili.
Mill City Ventures III (NASDAQ:MCVT) ha proporcionado un anticipo adicional de 1 millón de dólares a Coventry Holdings de Minnesota, bajo su acuerdo de crédito y garantía a corto plazo. La financiación apoyará los costos de inicio y construcción de un nuevo proyecto de atención a personas mayores mientras Coventry busca financiamiento a largo plazo.
El préstamo demuestra la continua asociación de Mill City con Coventry, que opera 17 instalaciones de atención a personas mayores en el área de Minneapolis-St. Paul. El CEO Douglas M. Polinsky destacó que estos préstamos de corta duración están generando rendimientos brutos superiores al 25% para los accionistas de Mill City.
La empresa informa de un aumento en la demanda de financiamiento desde principios de 2025 y continúa buscando diversas oportunidades, incluidos préstamos respaldados por activos, financiamiento de capital de trabajo y préstamos basados en bienes raíces.
Mill City Ventures III (NASDAQ:MCVT)는 미네소타의 Coventry Holdings에 100만 달러의 추가 자금을 단기 신용 및 담보 계약에 따라 제공했습니다. 이 자금은 Coventry가 장기 자금을 찾는 동안 새로운 노인 돌봄 프로젝트의 시작 및 건설 비용을 지원합니다.
이 대출은 밀 시티와 Coventry 간의 지속적인 파트너십을 보여주며, Coventry는 미니애폴리스-세인트폴 지역에서 17개의 노인 돌봄 시설을 운영하고 있습니다. CEO 더글라스 M. 폴린스키는 이러한 단기 대출이 밀 시티 주주에게 25%를 초과하는 총 수익을 생성하고 있다고 강조했습니다.
회사는 2025년 초부터 자금 수요가 증가하고 있으며 자산 담보 대출, 운영 자본 자금 및 부동산 기반 대출 등 다양한 기회를 계속 추구하고 있습니다.
Mill City Ventures III (NASDAQ:MCVT) a accordé un avance supplémentaire de 1 million de dollars à Coventry Holdings du Minnesota, dans le cadre de leur accord de crédit et de garantie à court terme. Ce financement soutiendra les coûts de démarrage et de construction d'un nouveau projet de soins pour personnes âgées, tandis que Coventry recherche un financement à long terme.
Le prêt démontre le partenariat continu de Mill City avec Coventry, qui exploite 17 établissements de soins pour personnes âgées dans la région de Minneapolis-St. Paul. Le PDG Douglas M. Polinsky a souligné que ces prêts de courte durée génèrent des rendements bruts dépassant 25% pour les actionnaires de Mill City.
La société rapporte une demande de financement accrue depuis début 2025 et continue de rechercher diverses opportunités, y compris des prêts garantis par des actifs, un financement de fonds de roulement et des prêts basés sur l'immobilier.
Mill City Ventures III (NASDAQ:MCVT) hat einen weiteren Vorschuss von 1 Million Dollar an Coventry Holdings aus Minnesota im Rahmen ihrer kurzfristigen Kredit- und Sicherungsvereinbarung bereitgestellt. Die Finanzierung wird die Start- und Baukosten für ein neues Seniorenpflegeprojekt unterstützen, während Coventry nach langfristigen Finanzierungen sucht.
Das Darlehen zeigt die fortlaufende Partnerschaft von Mill City mit Coventry, das 17 Seniorenpflegeeinrichtungen im Raum Minneapolis-St. Paul betreibt. CEO Douglas M. Polinsky hob hervor, dass diese kurzfristigen Darlehen Bruttorenditen von über 25% für die Aktionäre von Mill City generieren.
Das Unternehmen berichtet von einer gestiegenen Nachfrage nach Finanzierungen seit Anfang 2025 und setzt seine Suche nach verschiedenen Möglichkeiten, einschließlich besicherter Darlehen, Betriebskapitalfinanzierung und immobilienbasierter Darlehen, fort.
- Loan portfolio generates high gross returns exceeding 25% on short-duration loans
- Increasing demand for funding opportunities in 2025
- Secured lending with asset backing reduces risk
- None.
Insights
This
First, the
Second, the loan structure demonstrates sophisticated risk management:
- It's secured against real estate assets
- The short duration limits exposure to interest rate fluctuations
- The borrower's established track record (17 existing facilities) provides operational credibility
Third, this transaction reveals Mill City's strategic positioning in the senior care sector, which is experiencing sustained growth due to demographic trends. The bridge financing nature of the loan - supporting construction costs while the borrower arranges permanent financing - allows Mill City to maintain high yields while limiting long-term exposure.
The company's reported increase in funding opportunities since early 2025 suggests a robust pipeline for similar high-yield transactions. This business model's scalability is primarily by capital availability rather than deal flow, indicating potential for continued growth as long as risk management remains disciplined.
WAYZATA, MN / ACCESS Newswire / February 13, 2025 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today its funding of an additional
"The additional advance represents the continuance of our strong relationship and belief in the premier, award-winning operator of senior care facilities in Minneapolis and St. Paul area," stated Mill City CEO Douglas M. Polinsky.
He added, "The funding allows Coventry to finance growth while providing Mill City shareholders with gross returns on our capital in excess of
Mill City has seen an increase in demand of funding opportunities since the beginning of 2025 and continues to pursue transactions in various funding opportunities including asset-backed loans, short-term funding for working capital and real estate-based loans.
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 www.millcityventures3.com.
About Coventry Holdings of Minnesota, LLC
Coventry operates 17 senior care facilities in the Minneapolis-St. Paul are. The company offers services including: memory care; hospice care; respite care; and spiritual care. More information can be found at www.suitelivingseniorcare.com.
Investor Relations Contact:
Joseph A. Geraci
Chief Financial Officer
Mill City Ventures III, Ltd.
612-868-5815
jg@millcityventures3.com
SOURCE: Mill City Ventures III Ltd.
View the original press release on ACCESS Newswire
FAQ
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