Best of Brooklyn

Aurum and Sharpe was founded in 2017 by me, Bryan Hanley, and one of my best friends, Rudy Renelique. After many years working at big banks like Chase, and Wells Fargo, we decided we could bring value to a mortgage market that was starving for independent thinkers. So we started Aurum and Sharpe over a phone call about financing a multi-family deal in Brooklyn. Since starting this business we’ve been on many adventures from financing a $20 million portfolio of single families, to meeting the President of Rwanda and Finance Minister of Namibia.

Rudy has gone on to start his own firm, Overture Capital, while I’ve stayed on to grow Aurum and Sharpe. Aurum is the original Latin word for gold (that’s why the periodic table has it listed at Au). We chose it because we think of our word as “as good as Gold.” And in that vein, we want to add value to every customer we come in contact with. Our promise is that by working with us, you will increase your Freedom, Purpose, and Fulfillment.

Our process includes learning your overall objectives and where you want to go in your life so that we make sure your financing enhances your life and gets you to your destination much faster. What that means though, is that we are not like every other broker on the street that will only do a surface level amount of learning about you, your life, and your motivations. For us, that is Gold. We want to learn how we can tailor your financing so that you thrive in your life! So before we talk about rates, terms, or anything else, we are going to try and figure out how to add value through financing.

We know this approach isn’t for everyone. But if this resonates with you, lets talk: 917 475 6207

September 22, 2022
Published by Bryan Hanley at September 22, 2022
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How to Cash-Out Refinance on Your Investment Property

Property values are up, which means it’s the best time for a cash-out refinance to boost your real estate portfolio. With this mortgage refinancing option, you can convert home equity into cash. Equity is the property’s current market value minus liens. Equity fluctuates because of the economy, the law of supply and demand, and your mortgage payments. It is an asset that you can borrow against, so you can boost your investment portfolio. How to Make Money from Home Equity The rise of property values gives way to investors becoming equity rich—a term for when the estimated loan balance of the house is 50% or less than the property’s estimated market value. During the first quarter of 2022, around 45% of mortgaged homes in the United States were equity rich due to surging home prices. In 2021, the percentage was […]
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September 22, 2022
Published by Bryan Hanley at September 22, 2022
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How do I get the most cash out when refinancing my investment property?

A recent survey found that housing prices increased by about 20% in the previous year. As a result, this is a great time for investors who want to cash out on their equity. You can build your investment portfolio, pay for home improvements, or take care of personal expenses with a cash-out refinancing on investment properties. First, however, you’ll have to fulfill more stringent eligibility standards. Everything you require to be eligible for this refinance loan and the most effective ways to use one are included in this article. Our goal is to give you the tools and confidence you need to improve your finances. So, continue reading to fill your toolbox with the greatest advice you can employ to cash in on the equity you’ve accrued. What is a cash-out refinance? A cash-out refinance is a type of mortgage […]
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September 22, 2022
Published by Bryan Hanley at September 22, 2022
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Can I refinance from my personal name into an LLC?

Beginner investors frequently buy and refinance rental homes under their own names. While investing in real estate as an individual may be easier, owning and refinancing investment property might also cause future issues. Many real estate investors, large and small, prefer to own and refinance their properties through limited liability corporations (LLCs) rather than personally. Doing so may have significant benefits, ranging from tax savings to reduced personal liability. However, there are some potential downsides. This post will cover why many real estate investors own property in an LLC, its benefits and drawbacks, and how to convert your existing property to an LLC. What is an LLC for a rental property? If you decide to create an LLC for your rental property, your business will be recognized as the landlord rather than you personally. This business structure will provide you […]
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September 22, 2022
Published by Bryan Hanley at September 22, 2022
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Can I refinance all my properties into one loan?

Having two mortgages isn’t something new as most people would think. People frequently decide to get a second mortgage when they have enough home equity. They might use this money to settle a debt, fund a business launch, send a child to college, or make a sizable purchase. Others will use a second mortgage to remodel or build additions, like a pool, to increase the value of their home or land. But managing two mortgages can be more complicated than managing one. Fortunately, there are methods for combining or consolidating two mortgages into one. However, the consolidation procedure itself may be challenging, and the math may ultimately determine if it was unjustified. Having two mortgages is a frequent circumstance that can be made easier by consolidating them into a single loan. It could be necessary to work with a knowledgeable […]
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September 20, 2022
Published by Bryan Hanley at September 20, 2022
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The Definitive Guide to Refinancing Investment Properties

Refinancing loans is an important concept in the real estate business. There are many captivating advantages to refinancing rental homes. It has the potential to least open up a plethora of opportunities for accumulating wealth, such as the capacity to reduce interest rates and monthly payments, optimize loan conditions, and generate more cash flow. Many newbie real estate investors are not aware of this investment strategy, and they are losing in terms of better interest rates and cash flow. Refinancing investment property assets is a serious undertaking; hence, you will need to consider why you need to refinance. Undoubtedly, a certain amount of risk is involved with refinancing a rental property. Investors must understand the reason behind their refinancing decision and balance the potential dangers and advantages. But refinancing a rental property can be a smart choice if done well […]
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September 20, 2022
Published by Bryan Hanley at September 20, 2022
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How to Qualify for a Loan for an Investment Property?

When it comes to investments, there aren’t many sectors better than real estate. Real estate provides ample opportunity to make money either by holding on to property till it appreciates, quickly flipping properties for a profit, renting out a property, etc. Unlike stocks, real estate investment requires large capital. Luckily, several loans are available to help you achieve your dream of being a property owner. However, the type of loan you can access depends on several criteria, including the type of property you wish to invest in. If you’re interested in making passive income from your property, then an investment property loan is right for you. While these loans work similarly to regular mortgage loans, the requirements to get them are usually stricter. Here, we take a look at investment loans, their requirements, and how you can easily qualify for […]
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September 20, 2022
Published by Bryan Hanley at September 20, 2022
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What type of Loan is best for an Investment Property?

Purchasing an investment property allows you to make passive income either through rentals or by holding onto the property and flipping it when it appreciates. When looking to finance an investment property, you can access several types of loans to help offset the hygge costs associated with the process. There are various types of investment property loans with varying terms and use cases. If you’ve been wondering what the best type of investment property loan is,  you’re in luck as you’re in the right place. Here, we will take a look at the various loan options for investment properties, break down the pros and cons of each and help you decide which loan is the best for your purchase. Investment Property Loans Investment property loans are loans taken to finance the purchase, development. or renovation of an investment property. Investment […]
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September 20, 2022
Published by Bryan Hanley at September 20, 2022
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10 Common Mistakes First-Time Real Estate Investors Make

Real estate is the real big thing, as many would say. Many think of real estate investing as property ownership or a high return on investment. The first thing that likely springs to mind when you consider real estate investing is your home. Over the past five decades, real estate has grown in popularity as an investment strategy. Real estate investing is simply the business of acquiring property as an investment. This can be a building, land, infrastructure, or other immovable physical properties. In general terms, real estate investing is known to be a safe form of investment. However, there are a variety of alternative investments available to real estate investors, and not all of them are actual homes. There are different types of real estate which are classified by their uses. They include: Residential Real Estate: This includes all […]
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September 20, 2022
Published by Bryan Hanley at September 20, 2022
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Banks that Refinance Investment Property

Mortgage rates are historically low, and homeowners have no better time to refinance their properties. A Freddie Mac survey from 2020 revealed that the average interest rate on fixed-rate mortgages had dropped by 50% between 2010 and 2020. Although these rates have skyrocketed in 2022, the current sub-6 % rates still represent a vast improvement from what was available in the 90s and early 00s. Refinancing your property allows you to get better terms than you did when you initially took out your mortgage. However, there are several factors you must consider before refinancing your property, especially if it is an investment property, to ensure that you are making a wise investment. One of these considerations is who to refinance with. You may refinance your property through a traditional bank or other lending institutions. Each lender has its specific benefits […]
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September 20, 2022
Published by Bryan Hanley at September 20, 2022
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How to Refinance an Investment Property

The benefits of refinancing to investment property owners cannot be overemphasized A mortgage refinance enables you to reduce interest rates, redefine the loan terms, and finance new investments. Overall, refinancing your investment property enables you to cut costs and improve profitability. Here, we’ll discuss investment property refinancing and the process generally. Refinancing Investment Properties In real estate, refinancing is the process of replacing an existing mortgage with a new one offering better terms to the borrower. Depending on your lender, you may have collected a loan with a high-interest rate or generally more unfavorable terms. If the rates on the market change and you want to take advantage of the better rates, you can refinance your mortgage to get a better deal. Refinancing allows the borrower to customize the terms of the new deal by; Negotiating a lower interest rate […]
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