THE MORTGAGE SOURCE, LLC
WESLEY CHAPEL, FLORIDA

Firm Profile Aileron Mortgage is a national specialty finance firm, established to provide short-term funding to investors and builders seeking to capitalize on opportunities within the real estate sector. As a bridge lender, Aileron focuses on the origination of short-term real estate loans, residential rehab funding, and ground-up construction loans. : Short-term funding where Aileron provides a low-LTV first trust deed/mortgage loan to real estate investors looking to acquire residential properties below current market value, or pull cash out of unencumbered properties for the purpose of reinvesting those funds in other transactions. For borrowers in need of a slightly higher loan-to-value, Aileron will provide a second trust deed loan up to 75-80% CLTV; however, the second trust deed loans are for up to a max of 9 months, so a pre-defined exit strategy is required (i.e., not for buy/hold strategy). Aileron provides financing for the acquisition of residential investment properties in California and Florida, up to 65% of after-repaired value (ARV). Under this program, Aileron advances up to 80% of the costs associated with the rehab project, including closing costs and interest. :  NEW! Aileron is now offering ground-up construction financing for 1-4 unit residential properties in Florida and California. Aileron's construction program can be used for investment properties, or for owner occupied properties (in conjunction with a permanent loan). These loans are typically 6-12 months in term, and offered at a rate of 8-12% and 2-5 points. Aileron will provide construction loans directly to borrowers, and will also work with permanent mortgage lenders looking to offer construction-to-perm financing. Aileron Mortgage is a specialty finance firm, providing short-term residential and commercial real estate loans nationwide, with a focus on the California and Florida markets. Aileron has become an industry leader in residential rehab and construction lending, providing loans for investors, builders, as well as for end users. With offices in Tampa, Cape Coral, and Los Angeles, the team at Aileron works directly with borrowers on both coasts, and can quickly make underwriting decisions when time is of the essence. Aileron the manager of three discretionary real estate opportunity funds, meaning all decisions are made internally by the management team, and not by outside investors. This means fast decisions, and flexibility with respect to pricing, structure, and terms. In other words, we're able to customize each deal to fit the specific needs of our borrowers, and can usually do transactions that many other  lenders cannot. This does not mean, however, that we will approve loans where the risk of a loss is too great, as our primary goal is the preservation of capital, while earning above average risk-adjusted returns.