Unless there is a commitment for the permanent finacing, it is temporary. But don't confuse "short term" financing with temporary financing. What is the repayment schedule of this loan? If the loan will be paid from ordinary income & not the sale of the assest or funds from permanent financing, chances are it is not temporary. In addition, it may not matter because it sounds like a "business purpose" loan so RESPA, Reg. Z won't apply.
Living life in the fast lane, hitting bumps along the way, but enjoying the ride!!!!