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News

Aileron Capital Management Closes $2,200,000 SBA 504 Interim Bridge Loan

Transaction Overview

Tampa, FL (September 20, 2011) – Aileron Capital Management ("Aileron") is pleased to announce the recent closing of a $2,264,000 bridge loan for the refinance of a 43,460 square foot retail center in Spring Valley, CA. Aileron worked with Wells Fargo, the first deed of trust lender, and CDC Small Business Finance in successfully closing the transaction. "We were very pleased to be working with CDC Small Business and Wells Fargo on this deal, and are thrilled that we could play a part in making this deal happen for another small business owner," stated Joseph Bonora, Managing Director of Aileron.

To make the transaction as seamless and easy as possible for the borrower, Aileron was able to quickly work behind the scenes with CDC and Wells Fargo to underwrite the deal and coordinate the closing. Because the SBA Authorization was in place, Aileron was able to provide a low-cost interim loan to bridge CDC's portion of the permanent refinance loan, and close very quickly after receiving the request.

Aileron Capital Management Closes $9.5 Million SBA 504 Loan

Transaction Overview

Tampa, FL (August 4, 2011) – Fund management firm Aileron Capital Management, LLC, announced today that it has recently closed a $9.5 million SBA 504 loan to one of the largest independently owned auto liquidators in the country, for the refinance of a construction loan used to build a 13,500 square foot body shop on a developed 28 acre parcel. Aileron, along Florida First Capital Finance as the CDC, and Mercantile Capital as the interim lender, provided the funds necessary to pay off the existing construction loan.

Michael Maguire, Managing Director of Aileron stated, “We are thrilled to have one of the premier auto auction companies in the country as one of our borrowers. Despite the challenges faced by the auto industry through the recession, our client has been able to remain profitable and gain market share, while others have scaled back or gone out of business.” Aileron’s Joseph Bonora also added, “This was a deal that many other banks and lenders had passed on, due to the borrower’s industry and the type of collateral being pledged. Fortunately, we were able to understand the borrower’s business model and, through use of the SBA 504 program, mitigate some of the risk by lowering our basis in the collateral. This is another perfect example of how the SBA programs truly help America’s small businesses.”

Aileron Capital Management Closes $1.2 Million SBA 504 Loan

Transaction Overview

Tampa, FL (August 30, 2011) – Fund management firm Aileron Capital Management, LLC, announced today that it has recently closed a $1.2 million SBA 504 loan to Creative World Day Care franchisee, for the acquisition of an 8,170 square foot facility in Wesley Chapel, FL. Aileron, along with Florida Business Development Corp. as the CDC, provided the funds necessary to purchase the building, which is the borrower’s second location.

Michael Maguire, Managing Director of Aileron stated, “We are delighted to be working with the Creative World Schools franchise, and thrilled that we could provide the capital needed for a top-notch operator to expand and acquire another location.” Aileron’s Joseph Bonora also added, “This deal required a combination of speed and certainty of execution, as the borrower and franchisor had a limited amount of time to capitalize on this acquisition opportunity. Because of our ability to quickly underwrite the deal alongside our CDC partner, Florida Business Development Corp., we were able to make this deal happen within a very tight timeframe.”