Long-term senior debt loans that are used by borrowers to hold commercial real estate assets for periods greater than 12 months. Similar to a mortgage on a home, debt lenders allow borrowers to put down a percentage of the purchase price, usually between 20-35%, in exchange for suppling the remainder of the purchase price at a predetermined interest rate. Permanent loans are typically the best choice for maximizing cash flow on stabilized properties by offering low interest rates and long amortization periods. Permanent debt loans can be used to acquire new properties, refinance prior maturing debt, and take-out construction / bridge loans.