Mill City completes insurance settlement funding
Mill City completes insurance settlement funding News provided by Share this article Share this article MINNEAPOLIS, Jan. 14, 2021 /PRNewswire/ -- Mill City Ventures III, Ltd. ("Mill City") (OTCQB: MCVT) announced today its participation in a purchase of two settled insurance claims. Mill City's portion of participation was $1.05M. Specific terms of the loan were not disclosed. However, Mill City Chief Executive Officer Douglas M. Polinsky said, "The purchase of this fully adjudicated settlement is another example of our flexibility as a hard money lender and specialty finance company. The s...
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