Bridge Loans

Commercial Real Estate Bridge Loans

Aileron's bridge loan program is designed to help existing borrowers or investors acquire or refinance commercial real estate assets at a discount to the collateral's fair market value. In a period of tightened liquidity, Aileron’s bridge loan program helps borrowers take advantage of the discounts being offered, allowing them to right-size their balance sheets or capitalize on an opportunistic acquisition. While all transactions are evaluated and priced on a deal-by-deal basis, the following is a general outline of the terms typically offered:

Loan Amount:$1,000,000 - $10,000,000 (larger on a case-by-case basis)
Term:Up to 36 months
Property Types:Office, Industrial, Retail, Mixed-use, Multi-family, ALF, Hotel
Repayment:Interest only with balloon payment at maturity
Lending Territory:Nationwide
Loan to Value:Up to 75% of appraised value
Prepayment Penalty:None
Rate:8-12%
Fees:2-5% origination fee
Collateral:First mortgage/deed of trust

SBA 504 Interim Loans

Aileron Capital’s SBA 504 interim loan program provides short-term financing for the period between loan closing and debenture funding. First mortgage/trust deed lenders choose to use Aileron’s interim loan program for a number of reasons, including (i) total loan amount exceeds lending limits; (ii) LTV exceeds 90%; and/or (iii) lender wishes to keep risk exposure to a minimum until debenture funding, etc.

Loan Amount:Up to $5,500,000
Term:Up to 180 Days *longer on a case-by-case basis
Property Types:Office, Hospitality, Senior Housing, Retail, Mixed-Use, Industrial
Repayment:Interest Only; Balloon payment at debenture funding
Lending Territory:Nationwide
Loan to Value:Up to 90%
Prepayment Penalty:None
Rate:6-8%
Fees:Typically 1% fee, plus $1,000 admin and $2,500 legal
Collateral:2nd Trust Deed on Commercial Real Estate