Mill City Ventures III, Ltd. Announces Select 2024 Short-term Loan Portfolio Data
Mill City Ventures III (NASDAQ: MCVT), a non-bank lender and specialty finance company, has released select data from its 2024 short-term lending operations. The company reported $17,145,000 in loan extensions across six loans, $4,550,000 in new loans across four borrowers, and $8,507,500 in loan maturities for seven loans.
The four new short-term loans generated during the year achieved a weighted-average yield of 27.49% per annum, excluding fees. The company maintains approximately $6 million in current liquidity and reports growing demand from both existing and potential borrowers. Management expressed optimism for 2025 and plans to continue focusing on increasing the weighted-average interest rate of their short-term loan portfolio.
Mill City Ventures III (NASDAQ: MCVT), un prestatore non bancario e società di finanza specializzata, ha rilasciato dati selezionati sulle sue operazioni di prestito a breve termine per il 2024. L'azienda ha riferito $17.145.000 in estensioni di prestito su sei prestiti, $4.550.000 in nuovi prestiti per quattro mutuatari e $8.507.500 in scadenze di prestito per sette prestiti.
I quattro nuovi prestiti a breve termine generati nell'anno hanno raggiunto un rendimento medio ponderato del 27,49% annuo, escluse le spese. L'azienda mantiene circa $6 milioni in liquidità attuale e riferisce una crescente domanda sia da parte di mutuatari esistenti che potenziali. La direzione ha espresso ottimismo per il 2025 e prevede di continuare a focalizzarsi sull'aumento del tasso d'interesse medio ponderato del proprio portafoglio di prestiti a breve termine.
Mill City Ventures III (NASDAQ: MCVT), un prestamista no bancario y compañía de finanzas especializadas, ha publicado datos selectos de sus operaciones de préstamos a corto plazo de 2024. La empresa reportó $17,145,000 en extensiones de préstamos de seis créditos, $4,550,000 en nuevos préstamos de cuatro prestatarios, y $8,507,500 en vencimientos de préstamos de siete créditos.
Los cuatro nuevos préstamos a corto plazo generados durante el año alcanzaron un rendimiento promedio ponderado de 27.49% anual, excluyendo tarifas. La compañía mantiene aproximadamente $6 millones en liquidez actual y reporta una creciente demanda tanto de prestatarios existentes como potenciales. La dirección expresó optimismo para 2025 y planea continuar enfocándose en aumentar la tasa de interés promedio ponderada de su cartera de préstamos a corto plazo.
Mill City Ventures III (NASDAQ: MCVT), 비은행 대출 기관이자 특수 금융 회사가 2024년 단기 대출 운영에 대한 선택된 데이터를 발표했습니다. 회사는 여섯 개의 대출에 대해 $17,145,000의 대출 연장, 네 명의 차입자에게 $4,550,000의 신규 대출, 일곱 개의 대출에 대해 $8,507,500의 대출 만기를 보고했습니다.
올해 발생한 네 개의 신규 단기 대출은 수수료를 제외하고 연간 27.49%의 가중 평균 수익률을 달성했습니다. 회사는 약 $6 백만의 현재 유동성을 유지하고 있으며 기존 및 잠재적 차입자 모두에 대한 수요가 증가하고 있다고 보고했습니다. 경영진은 2025년에 대한 낙관적인 전망을 표명했으며 단기 대출 포트폴리오의 가중 평균 금리를 높이는 데 계속 초점을 맞출 계획입니다.
Mill City Ventures III (NASDAQ: MCVT), un prêteur non bancaire et société de financement spécialisé, a publié des données sélectionnées sur ses opérations de prêt à court terme pour 2024. La société a reporté $17,145,000 en extensions de prêts réparties sur six prêts, $4,550,000 en nouveaux prêts proposés à quatre emprunteurs, et $8,507,500 en échéances de prêts pour sept prêts.
Les quatre nouveaux prêts à court terme générés durant l'année ont atteint un rendement moyen pondéré de 27,49% par an, hors frais. L'entreprise maintient environ $6 millions de liquidités actuelles et fait rapport d'une demande croissante tant de la part des emprunteurs existants que potentiels. La direction a exprimé son optimisme pour 2025 et prévoit de continuer à se concentrer sur l'augmentation du taux d'intérêt moyen pondéré de son portefeuille de prêts à court terme.
Mill City Ventures III (NASDAQ: MCVT), ein Nichtbankkreditgeber und Spezialfinanzgesellschaft, hat ausgewählte Daten zu seinen kurzfristigen Kreditgeschäften für 2024 veröffentlicht. Das Unternehmen berichtete von $17.145.000 an Kreditverlängerungen über sechs Kredite, $4.550.000 an neuen Krediten über vier Kreditnehmer und $8.507.500 an Krediten mit Fälligkeit für sieben Kredite.
Die vier neuen kurzfristigen Kredite, die im Laufe des Jahres generiert wurden, erzielten eine gewichtete durchschnittliche Rendite von 27,49% pro Jahr, exklusive Gebühren. Das Unternehmen hält derzeit etwa $6 Millionen an Liquidität und berichtet von einer wachsenden Nachfrage sowohl von bestehenden als auch von potenziellen Kreditnehmern. Das Management äußerte Optimismus für 2025 und plant, weiterhin den Fokus auf die Erhöhung des gewichteten durchschnittlichen Zinssatzes ihres Portfolios kurzfristiger Kredite zu legen.
- 27.49% weighted-average yield on new short-term loans
- $6M in current liquidity available for lending
- Growing demand from borrowers
- $17.1M in loan extensions indicating customer retention
- Only 4 new loans originated during the year
- Higher loan maturities ($8.5M) compared to new loans ($4.5M)
Insights
Mill City's 2024 lending data reveals noteworthy portfolio dynamics and strategic positioning. The $17.1M in loan extensions across six loans suggests strong borrower relationships and potentially favorable risk-adjusted returns. The 27.49% weighted-average yield on new loans demonstrates aggressive pricing power in the specialty finance space, significantly outperforming traditional lending institutions.
The $6M current liquidity position provides a solid foundation for near-term growth, representing approximately 29% of the company's market capitalization. The loan maturity profile of $8.5M across seven loans indicates healthy portfolio turnover, while $4.55M in new originations reflects selective underwriting in maintaining portfolio quality.
The strategy to increase weighted-average interest rates could drive stronger profitability metrics, though it's essential to monitor credit quality given the high-yield nature of these loans. The 1:4 ratio of new loans to extensions suggests a focus on existing relationships over new client acquisition, potentially indicating a conservative risk management approach in the current market environment.
The specialty finance sector positioning revealed in this data is compelling. With traditional banks tightening lending standards, Mill City's ability to command 27.49% yields indicates strong market positioning in the high-yield, short-term lending space. The company's loan portfolio metrics suggest a strategic focus on high-margin opportunities while maintaining risk controls through selective origination.
The extension of $17.1M in loans represents approximately 83% of the company's market capitalization, highlighting the scale of operations relative to market value. This, combined with $6M in liquidity, positions the company well for opportunistic growth in 2025. The focus on increasing weighted-average interest rates aligns with current market conditions where higher rates and credit spreads create opportunities in specialty lending segments underserved by traditional financial institutions.
MINNEAPOLIS, MN / ACCESSWIRE / January 13, 2025 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today certain select data from its 2024 short-term lending operations.
Mill City's short-term loan activity in fiscal year 2024 included the following:
$17,145,000 in principal amount of loan extensions for six loans$4,550,000 in principal amount for four new short-term loans$8,507,500 in principal amount of maturities for seven short-term loans
The four new short-term loans originated during the year have a weighted-average yield (excluding all applicable fees) of
"With approximately
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 short-term non-bank lending and specialty finance company. More information about the company can be obtained at www.millcityventures3.com or www.sec.gov.
Contact:
Joseph A. Geraci
Chief Financial Officer
jg@millcityventures3.com
612-868-5815
On X: @millcity_3
SOURCE: Mill City Ventures III, Ltd.
View the original press release on accesswire.com
FAQ
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