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Mini perm loan financing is collateralized by commercial, industrial, or multi-unit residential properties. It is a tool for income producing projects that need to establish an operating history prior to obtaining long term permanent financing. This financing method is utilized for a variety of property types including:

  • Retail
  • Office buildings
  • Industrial properties
  • Apartment buildings
  • Land development

Mini perm loan financing is normally available during the project rental and stabilization period. It is a short term financing solution that is used to pay off construction or commercial property loans. The term is normally three to five years. Once the project is completed and starts producing income, the borrower can begin to look for a more long term financing solution.

The loan carries a balloon payment at the end of the term with the anticipation that the loan can then be easily refinanced due to the fact that the property now has an operating history on which to successfully obtain permanent financing.


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