Mini Perm


DEFINITION of 'Mini Perm'

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


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.

  1. Medium Term

    An asset holding period or investment horizon that is intermediate ...
  2. Commercial Real Estate

    Property that is used solely for business purposes. Examples ...
  3. Short Term

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

    Real estate that generates income or is otherwise intended for ...
  5. Long Term

    Holding an asset for an extended period of time. Depending on ...
  6. Loan

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