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SBA Financing

Aileron SBA Finance Program

Through our affiliate company, Aileron Capital Management, Aegis RE Partners has the ability to offer long-term financing for the acquisition or refinance of owner occupied commercial real estate, through the Small Business Administration (SBA) 504 program.

SBA 504 Interim Loan Program

Aileron works with other first mortgage/deed of trust lenders by providing short-term, second mortgage/deed of trust interim loans, to bridge the gap between the initial closing and SBA debenture funding. The following are the terms under which Aileron provides this type of financing:

Loan Size

$250,000 to $3 Million

Advance Rates

  • Real estate - up to 100% CLTV (less for special-use properties)

Term

  • 90-120 days

Collateral

  • Second mortgage/deed of trust on real estate and FF&E

SBA 504 Loan Program Highlights

Aileron Capital’s SBA 504 loan program provides up to 90% LTV financing to small businesses who are the primary users of their buildings. The loan is comprised of a first mortgage provided by Aileron, and a second mortgage funded by the SBA through a debenture offering. Rates for the first mortgage can vary, depending on property type and borrower strength, and the SBA second is fixed over the 20-year, assumable for the life of the loan.

Loan Size

$750,000 to $12 Million

Advance Rates

  • General purpose real estate - up to 90%
  • Special purpose real estate - up to 85%

Collateral

  • Commercial real estate, as well as fixed assets with an economic life of 10+ years

Maximum Term (Fully Amortized)

  • Aileron first mortgage – 10 year term; 25 year amortization 
  • SBA second mortgage - 20 years, fully amortizing

Property Types

All property types considered. Preferred properties include:

  • Newer, interior corridor hotels. Flagged properties preferred
  • Assisted living facilities, including those with memory care
  • Franchise restaurants
  • Office
  • Retail
  • Light Industrial

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