Mill City Provides $2.5 Million Short-Term Bridge for Real-Estate Venture

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Feb 02, 2023

MINNEAPOLIS, MN / ACCESSWIRE / February 2, 2023 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today it has provided a $2.5 million bridge loan for a multi-family unit real-estate venture. The financing is expected to mature in 6 months and generate an 18% current return. The short-term loan is secured by personal guarantees from the borrower's principal owners.