What is permanent financing?
Long-term mortgage debt that replaces the construction loan once the property stabilizes, sized on the stabilized property’s actual NOI and value via LTV, DSCR, and debt yield.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.