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.

BREAKING DOWN '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. Finance

    The science that describes the management, creation and study ...
  2. Equity Financing

    The act of raising money for company activities by selling common ...
  3. Financing Entity

    The party in a financing arrangement that provides money, property, ...
  4. Take-Out Loan

    A type of long-term financing (usually) on a piece of real property. ...
  5. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to ...
  6. Research Associate

    Someone that organizes and plans research, and specializes in ...
Related Articles
  1. Managing Wealth

    Mezzanine Financing

    Learn about this alternative method of financing companies use to finance expansion.
  2. Investing

    What is Debt Financing?

    When a company needs to pay for something, it can pay with cash, or it may finance the purchase. Financing means that it gets the money from other businesses or sources, in return for obligations. ...
  3. Markets

    Is Equity Financing the Right Choice for Your Business?

    Discover the benefits and drawbacks of equity financing for a small business, and learn when equity financing should be used instead of debt financing.
  4. Markets

    The Difference Between Finance And Economics

    Finance and economics are often taught as separate subjects, but they are interrelated disciplines that influence one another in many ways.
  5. Markets

    The Difference Between Finance And Economics

    Learn the differences between these closely related disciplines and how they inform and influence each other.
  6. Investing

    When Wholesale Funding Goes Bad

    The wholesale funding process is extremely dependent on the credit markets. Therefore, it is not always the best option for a business.
  7. Markets

    What's Trade Finance?

    Essentially, trade finance makes it possible and easy for exporters and importers to trade, and its expansion has accommodated a massive international trade growth.
  8. Professionals

    Financial Careers: Finance Employers

    By Brian Perry While there are many different types of entities that higher finance employees, this tutorial will primarily focus upon some of the most common types of institutions where finance ...
  9. Managing Wealth

    Small Business Financing: Debt Or Equity?

    There are two sources of financing for small businesses: debt and equity financing. This article explains both.
  10. Personal Finance

    7 Courses Finance Students Should Take

    These college classes will help you prepare for the working world. Learn how to stand out from your peers.
RELATED FAQS
  1. What are some ways of financing an acquisition?

    Learn about how business acquisitions are financed, from using private equity funds to receiving huge acquisition loans from ... Read Answer >>
  2. Are accounts payable a liability?

    Take an in-depth look at accounts payable, or trade payable, an important current liability account listed on a company's ... Read Answer >>
  3. Do I have to pay capital gains tax on commercial property?

    I am retired and living on a fixed income. When selling a piece of commercial property, do I have to report and pay capital ... Read Answer >>
  4. What are the different equity financing options available to companies in the United ...

    Learn what equity financing options are available to small, mid-sized and large companies within the United States and understand ... Read Answer >>
  5. What is a permanent portfolio?

    A permanent portfolio is a portfolio construction theory devised by free-market investment analyst Harry Browne in the 198 ... Read Answer >>
  6. How does additional equity financing affect existing shareholders?

    Learn about how equity financing affects existing shareholders. By issuing and selling shares on the open market, equity ... Read Answer >>
Trading Center