Mini Perm

AAA

DEFINITION of 'Mini Perm'

Short-term financing used to pay off income-producing construction or commercial properties, usually payable in three to five years.

INVESTOPEDIA EXPLAINS 'Mini Perm'

In this case, "perm" is short for "permanent", alluding to permanent financing. Mini perm financing is something a developer would use until a project has been completed and can therefore start producing income. In other words, a developer will use this type of financing prior to being able to access long-term financing or permanent financing solutions.


RELATED TERMS
  1. Medium Term

    An asset holding period or investment horizon that is intermediate ...
  2. Loan

    The act of giving money, property or other material goods to ...
  3. Long Term

    Holding an asset for an extended period of time. Depending on ...
  4. Short Term

    1. In general, holding an asset for short period of time. 2. ...
  5. Investment Real Estate

    Real estate that generates income or is otherwise intended for ...
  6. Commercial Real Estate

    Property that is used solely for business purposes. Examples ...
Related Articles
  1. Investing Basics

    Will Corporate Debt Drag Your Stock Down?

    Borrowed funds can mean a leg up for companies or the boot for investors. Find out how to tell the difference.
  2. Investing Basics

    Do Your Investments Have Short-Term Health?

    If a company is strong enough to survive tough times, it is more likely to provide long-term value.
  3. Entrepreneurship

    Find Fortune In Commercial Real Estate

    Investing in big buildings means big money - and bigger risks.
  4. Personal Finance

    If a telecommunication company wants to build a tower on my land how much should I charge?

    Get help in understanding how much income it is possible to receive for leasing land to a telecommunications company for building a cell tower.
  5. Home & Auto

    What does "In Escrow" Mean?

    Escrow is a financial agreement involving two parties, usually a buyer and a seller. The buyer deposits money, securities or other funds into the escrow account, where they are held until both ...
  6. Economics

    What The Department of Housing and Urban Development Does

    The HUD runs programs intended to support homeownership, increase safe and affordable rental housing, reduce homelessness and fight housing discrimination.
  7. Economics

    Where International Real Estate Is Booming

    Which country has the hottest property market right now? The answer will undoubtedly surprise you.
  8. Options & Futures

    The Real Estate of Oil

    When it comes to real estate, it is location, location, location - and a location with oil or gas underneath may be the most attractive type of all.
  9. Mutual Funds & ETFs

    Investing In New York City REITs

    So you want a bite of The Big Apple? These REITs focus on New York City real estate. Here's what you need to know.
  10. Home & Auto

    HUD-1 Form: What Must Be On It

    You can't close on property involving federally related mortgages without a HUD-1 form. Use these instructions for a correct form so you close on time.

You May Also Like

Hot Definitions
  1. Treasury Bond - T-Bond

    A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest ...
  2. Weight Of Ice, Snow Or Sleet Insurance

    Financial protection against damage caused to property by winter weather specifically, damage caused if a roof caves in because ...
  3. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  4. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  5. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  6. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
Trading Center