permanent financing
Definition
Long-term (maturity period 15 to 30 years) mortgage loan or bond issue. In real estate projects, permanent financing is obtained after completion of construction, usually to repay the short-term (non-permanent) construction loan. Also called permanent loan or permanent mortgage.
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permanent financing is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
permanent financing appears in the definitions of the following terms: standby loan, permanent capital, completion test, permanent loan, permanent mortgage, takeout commitment, construction loan and takeout
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