Amortizing Mini Perm Financing

A type of mini perm financing ( www.practicallaw.com/6-500-2091) that eliminates refinancing risk by requiring that the bond (or other form of take out financing) be incurred at the same time as the commercial loans. In this structure, the commercial loans are repaid first (typically within five to seven years). This is in contrast to:

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247277556532", "objName" : "Amortizing Mini Perm Financing", "userID" : "2", "objUrl" : "http://us.practicallaw.com/cs/Satellite/us/resource/8-500-3117?null", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "true", "analyticsPermCookie" : "2-3b01f5d1:15b0b2dd987:6c7", "analyticsSessionCookie" : "2-3b01f5d1:15b0b2dd987:6c8", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }