Mini perm
Mini perm
Mini perm is a type of financing typically used for commercial, industrial, or multi-family property. Commercial properties often cannot qualify for long-term, permanent financing until they've established operating histories; mini perm loans, therefore, are used to pay off the construction loans and bridge the gap until the property can qualify for permanent financing. Mini perms are typically structured with a three- to five-year maturity.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.39 |
| 5/1 ARM | 3.69 |
Rates may contain points
