Mill City Ventures III, Ltd Provides $1.75M in Funding to Support Senior Living Facility Acquisition in Minnesota
Mill City Ventures III (NASDAQ:MCVT) has provided a $1.75 million short-term loan to Coventry Holdings of Minnesota for acquiring a senior-living facility in Anoka, Minnesota. The loan agreement, dated March 21, 2025, features:
- 24% annual interest rate
- 9-month maturity period
- Secured by personal guarantees and equity pledges
Coventry Holdings currently operates 18 senior care facilities in the Twin Cities, offering memory care, hospice care, respite care, and spiritual care services. Mill City reports strong deal flow in 2025 and continues to evaluate financing opportunities across adjudicated settlements, secured lending, and real estate-backed deals, alongside potential equity investments.
Mill City Ventures III (NASDAQ:MCVT) ha fornito un prestito a breve termine di 1,75 milioni di dollari a Coventry Holdings of Minnesota per l'acquisto di una struttura per anziani ad Anoka, Minnesota. L'accordo di prestito, datato 21 marzo 2025, prevede:
- tasso di interesse annuale del 24%
- periodo di scadenza di 9 mesi
- garantito da garanzie personali e impegni patrimoniali
Coventry Holdings attualmente gestisce 18 strutture per la cura degli anziani nelle Twin Cities, offrendo servizi di assistenza per la memoria, hospice, sollievo e assistenza spirituale. Mill City riporta un forte flusso di affari nel 2025 e continua a valutare opportunità di finanziamento in insediamenti giudiziari, prestiti garantiti e affari supportati da immobili, insieme a potenziali investimenti azionari.
Mill City Ventures III (NASDAQ:MCVT) ha proporcionado un préstamo a corto plazo de 1.75 millones de dólares a Coventry Holdings of Minnesota para la adquisición de una instalación de vida asistida en Anoka, Minnesota. El acuerdo de préstamo, fechado el 21 de marzo de 2025, incluye:
- tasa de interés anual del 24%
- período de vencimiento de 9 meses
- asegurado por garantías personales y promesas de capital
Coventry Holdings actualmente opera 18 instalaciones de cuidado para ancianos en las Twin Cities, ofreciendo servicios de cuidado de la memoria, cuidado de hospicio, cuidado de respiro y servicios de cuidado espiritual. Mill City informa de un fuerte flujo de negocios en 2025 y continúa evaluando oportunidades de financiamiento en acuerdos judiciales, préstamos garantizados y negocios respaldados por bienes raíces, junto con posibles inversiones en capital.
Mill City Ventures III (NASDAQ:MCVT)는 미네소타주 아노카에 있는 노인 거주 시설을 인수하기 위해 Coventry Holdings of Minnesota에 175만 달러의 단기 대출을 제공했습니다. 2025년 3월 21일자로 체결된 대출 계약은 다음과 같습니다:
- 연 24%의 이자율
- 9개월 만기
- 개인 보증 및 자산 담보 제공
Coventry Holdings는 현재 트윈 시티에서 18개의 노인 돌봄 시설을 운영하고 있으며, 기억 치료, 호스피스 치료, 휴식 치료 및 영적 돌봄 서비스를 제공합니다. Mill City는 2025년 강력한 거래 흐름을 보고하며, 판결된 합의, 담보 대출 및 부동산 기반 거래에 걸쳐 자금 조달 기회를 계속 평가하고 있으며, 잠재적인 자본 투자도 고려하고 있습니다.
Mill City Ventures III (NASDAQ:MCVT) a accordé un prêt à court terme de 1,75 million de dollars à Coventry Holdings of Minnesota pour l'acquisition d'un établissement de vie pour seniors à Anoka, Minnesota. Le contrat de prêt, daté du 21 mars 2025, comprend :
- un taux d'intérêt annuel de 24%
- une période d'échéance de 9 mois
- garanti par des garanties personnelles et des engagements de capital
Coventry Holdings exploite actuellement 18 établissements de soins pour seniors dans les Twin Cities, offrant des services de soins de mémoire, de soins palliatifs, de soins de répit et de soins spirituels. Mill City rapporte un fort flux d'affaires en 2025 et continue d'évaluer les opportunités de financement dans les règlements judiciaires, les prêts garantis et les transactions soutenues par des biens immobiliers, ainsi que des investissements en capital potentiels.
Mill City Ventures III (NASDAQ:MCVT) hat einen kurzfristigen Kredit in Höhe von 1,75 Millionen Dollar an Coventry Holdings of Minnesota zur Erwerbung einer Seniorenwohnanlage in Anoka, Minnesota, bereitgestellt. Der Kreditvertrag, datiert auf den 21. März 2025, beinhaltet:
- einen jährlichen Zinssatz von 24%
- eine Laufzeit von 9 Monaten
- gesichert durch persönliche Garantien und Eigenkapitalverpfändungen
Coventry Holdings betreibt derzeit 18 Einrichtungen für Seniorenpflege in den Twin Cities und bietet Gedächtnispflege, Hospizpflege, Kurzzeitpflege und spirituelle Pflege an. Mill City berichtet von einem starken Geschäftsfluss im Jahr 2025 und bewertet weiterhin Finanzierungsmöglichkeiten in gerichtlichen Vergleichen, gesicherten Krediten und immobiliengestützten Geschäften sowie potenziellen Eigenkapitalinvestitionen.
- 24% annual interest rate provides high-yield returns for shareholders
- Loan is secured by personal guarantees and equity pledges, reducing risk
- Short 9-month maturity period ensures quick capital turnover
- Company reports strong deal flow in 2025
- High concentration risk in senior living sector
- Short-term nature of loans may impact sustained revenue visibility
Insights
Mill City Ventures' $1.75 million bridge loan to Coventry Holdings represents a strategically significant transaction for this micro-cap specialty finance company. With a market capitalization of approximately
The loan terms are particularly notable - a
The secured nature of the loan through personal guarantees and equity pledges provides downside protection, though investors should note that the high interest rate suggests the borrower couldn't secure traditional financing, indicating an elevated risk profile. The continuing relationship with Coventry Holdings (which operates 18 senior care facilities) suggests Mill City has established comfort with this borrower's credit profile.
The mention of "robust liquidity position" indicates Mill City has capital available for additional high-yield opportunities. Management's statement about "strong deal flow" across multiple segments (adjudicated settlements, secured lending, real estate) suggests a pipeline of similar high-yield opportunities, though specific metrics on this pipeline weren't provided.
This transaction aligns with Mill City's stated business model of funding short-term, secured loans with disciplined credit standards, potentially generating meaningful returns for shareholders if executed successfully.
MINNEAPOLIS, MN / ACCESS Newswire / March 25, 2025 / Mill City Ventures III, Ltd. (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today the funding of a
The loan was made under an agreement dated March 21, 2025, and is designed to provide bridge capital as Coventry expands its footprint across the Twin Cities metropolitan area. The financing carries a
"We are excited to continue our lending relationship with Coventry Holdings and support their latest acquisition in Anoka," said Mill City Chief Executive Officer Douglas M. Polinsky. "This funding enables Coventry to move swiftly in executing their strategic growth initiatives in the senior care market."
Polinsky continued, "With a robust liquidity position and an effective annual yield over
Mill City has experienced strong deal flow in 2025 and continues to evaluate financing opportunities across adjudicated settlements, secured lending, and real estate-backed deals, alongside potential equity investments.
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.sec.gov or www.millcityventures3.com.
About Coventry Holdings of Minnesota, LLC
Coventry Holdings of Minnesota, LLC operates 18 senior care facilities in the Twin Cities. The company offers services including: memory care; hospice care; respite care and spiritual care. More information can be found at www.suitelivingseniorcare.com.
CONTACT:
Joseph A. Geraci
Chief Financial Officer
jg@millcityventures3.com
612-868-5815
SOURCE: Mill City Ventures III, Ltd.
View the original press release on ACCESS Newswire
FAQ
What is the interest rate and maturity period for MCVT's recent $1.75M loan?
How is MCVT's $1.75M loan to Coventry Holdings secured?
What is the purpose of MCVT's recent $1.75M funding to Coventry Holdings?
How many senior care facilities does Coventry Holdings operate in the Twin Cities?
What types of financing opportunities is MCVT currently evaluating in 2025?
