Mill City Ventures III, Ltd. (MCVT) entered into a Security Agreement with Mustang Funding, LLC. This agreement collateralizes a $10 million loan. The transaction represents a significant lending activity within MCVT's specialty finance portfolio.
This substantial loan demonstrates robust activity in MCVT's traditional lending operations. The company's objective is to derive revenue from high-yield loans and associated fees. This contributes to its net investment gains.
The collateral-backed structure of this loan aligns with MCVT's historical business model. This approach provides security for its investments. It also helps mitigate risks in its illiquid loan portfolio.
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