Aileron Capital Management, LLC announced today that it has successfully closed three SBA 504 first mortgage lien pools for the month of August. The pools were Libor and Prime-based, with one being comprised of floating rate loans, and the other two containing loans with a fixed rate period. Aileron, a FINRA registered broker-dealer, was approved in May 2012 by the SBA as a Pool Originator, making it the only non-bank lender to become both a Seller and Pool Originator.
Aileron Managing Director Joseph Bonora commented, “This was a tremendous month for our firm, as it demonstrates our ability to successfully execute on larger transactions/trades, and further solidifies our position within the government guaranteed lending arena.” Aileron’s Michael Maguire added, “With only one month remaining before the expiration of the FMLP program, we are very happy we could assemble such a significant amount of loans this month. We would like to thank all of the lenders/sellers, investors, and third party providers that had a hand in making these pools happen.”