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Mill City Ventures Closes On $3.9 Million Funding The Single Largest Transaction In Corporate History

Feb 28, 2022over 3 years ago
Minneapolis

Description

Mill City Ventures III, Ltd. (OTCQB: MCVT), a non-bank lender and specialty finance company, announced today its funding of a pre-closing to the sale of a 350-unit apartment complex. Mill City Ventures advanced $3.9 million in the form of a short-term note with an anticipated annualized return of approximately 20%. This investment represents the largest single investment in company history.

Company Information

Company

Mill City Ventures Iii Ltd

Location

Minneapolis, Minnesota, United States

About

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. SOURCE Mill City Ventures III, Ltd.