Mini-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 solution.
$3 to $50 million
Up to 10 days Letter-of-Intent (LOI) with proper documentation
As Fast as 30 Days for Closing with proper documentation
Up to 85% Loan-to-completed-Value Ratio
Term up to 2 years
Development & Construction