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Mini Perm
(redirected from Mini-Perm)

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Mini Perm
In construction and project finance, an informal term for debt financing that is payable over three to five years. Generally speaking, a developer accesses mini perm financing to complete the project to the point where it can begin to produce revenue. The developer then uses the revenue to pay off the mini perm.
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Details of the company's key financing transactions are described below: Refinancings On March 12, 2010, the company refinanced its construction mini-perm facility on The Village at Muller Park, located in Bloomington, Indiana.
Trinitas Announces Completion of Key 2010 Financing Activities by PR Newswire
Additionally, Solera offers a full line of other real estate related financing options such as home equity loans and lines of credit, residential mini-perm loans and jumbo loans.
Solera National Bank launches residential mortgage product by Global Banking News (GBN)
Hard mini-perm is a structure where legal maturity is typically set at about seven years, forcing the borrower to refinance before maturity or face default.
Confidence returns to lending markets by Oil & Gas News
 
 
 
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