BRRR

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 14, 2022

Who are the Best Non-QM Lenders?

Many mortgages went into default more than ten years ago due to the borrowers’ inability to continue making mortgage payments. The spike in defaults was mostly caused by a large number of mortgages that, while they initially helped borrowers buy homes, ultimately put those homeowners in a difficult financial situation. Non-QM lenders now offer safe alternative financing solutions by modifying their services. The Qualified Mortgage Rule was developed in 2014 by the Consumer Financial Protection Bureau (CFPB). This rule established requirements for lenders, including the need for them to confirm the borrower’s ability to pay back the mortgage and the need for them to offer mortgage options that minimize risk for both the borrower and the lender. While some borrowers may not meet the requirements or are not eligible for a qualified mortgage rule, non-QM might be preferable. However, this […]
September 14, 2022

Is it harder to get a Mortgage for an Investment Property?

Real estate investment is one of the most profitable investments you can make if you know your onions. More than 10% of the wealthiest people in the world post real estate as their source of income, and this sector has become one of the most lucrative over the years, generating three times more revenue than every other income source over the last year. If you’re a small-time investor, the easiest way to make money off real estate is by renting out a property or flipping a property for profit. However, the personal capital to invest in property is often unavailable, making investment property loans worthwhile. Investment property loans allow you to increase your profit by using the loan to build or rehabilitate a property where there is a need while leveraging the terms of the loan. However, banks and lending […]
February 15, 2022
1031 Exchange

How to use a 1031 Exchange to Scale your Real Estate Portfolio?

If you’re a real estate investor looking to grow your real estate rental or investment property portfolio, you may want to consider using the 1031 exchange program offered by the Internal Revenue Service (IRS). Typically, growth in the real estate sector is driven by investors that do the following: buy a property at a low price, hold onto it for a certain time period, to then resell the property at a higher price, using the proceeds to buy another property and repeat the entire process. It’s a cycle that has made entrepreneurs millions. And within the industry, the more cash you have on hand the more you’re able to borrow, and the better assets you can purchase. The only roadblock with most real estate transactions, at least where an investor or non-homeowner is involved, is the profit generated that is […]
February 10, 2022
How to Accumulate a Property

How to Accumulate Property Fast?

In this article, we’ll discuss how to accumulate real estate fast. Investing in real estate and earning financial freedom is an important topic for many. In fact, the wealthiest people in the world attribute significant portions of their net worth to real estate. While at first glance it may seem difficult and slow to build your wealth in real estate, that is not necessarily the case. There are actually many different ways to accumulate quickly and effectively, which is why in this article we will explore some of the most efficient methods. We will also discuss best practices on acquiring a lot of real estate so that you, as the real estate investor, can protect yourself legally and financially. #1 – Buy a Real Estate Portfolio For those looking to grow rapidly in real estate investing, buying a portfolio of […]
December 28, 2021

10 Best Practices for Getting a Mortgage in an LLC

“You’re self-employed. You’ll never get a mortgage.” If you’re making money on your own, you’ve likely heard these statements before. And, you’ve likely believed them. But, we’re here to break these rumors. You can get a mortgage if you’re self-employed. In fact, the best LLC mortgage lenders can help you get the best mortgage deal depending on your situation. In order to get the mortgage deal that you’re looking for, keep reading. We’re going to cover everything you need to know about getting a mortgage for your LLC. And, we’re going to share all the tips and tricks that you need to use when you’re looking for an LLC mortgage. 1. Get All of Your Legal Affairs in Order Before you start looking for the perfect mortgage deal, you need to get all the legal affairs for your LLC in order. If you’re […]
December 28, 2021

What is the maximum LTV (loan to value) for a cash out refinance on an investment property?

Refinancing refers to the process where a property owner replaces their existing mortgage with a new one, in order to either save money or capture the equity in the real estate that they own. As of the day of this writing, interest rates in general, for both purchase and refinance loans are at record lows. At the beginning of 2021, the average mortgage interest rate was a startling 2.65%, a full percentage point lower than it had been just a year before. The lowest level it has been in years. During a low interest rate environment, like the one we are currently experiencing, refinancing an investment property opens up a huge opportunity for investors to decrease their monthly operating expense and increase their net cash flow. Furthermore, pursuing a cash out refinance loan, can multiple these benefits by allowing a […]
December 27, 2021
investment real estate appraisal

Does a refinance appraisal affect property taxes?

In recent years, refinancing real estate has become an emerging strategy among real estate investors to build their real estate portfolios. Popularized by the Buy, Renovate, Rent, Refinance, and Repeat method (BRRRR), many real estate investors now purchase properties with the goal to remodel them, rent them out to generate cash flow, and then refinance the property to capture the equity they’ve created and use the cash to buy a new property and do it all over again. In this process, refinancing plays the most critical role, and when it comes to refinancing any property, lenders will usually require another appraisal. Many investors, however, erroneously assume that this second appraisal will cause their property taxes to increase. In this article we dive into detail why this is not necessarily the case. What is an Appraisal A real estate appraisal is […]
December 17, 2021

How to Cash-Out Refinance your Investment Property

Cash-out refinance for an investment property If you’re looking to buy your first, second, or thirtieth rental property, then you’re a wise investor. There’s a reason why there are over 22 million independent landlords across the US, and it’s that real estate is a great investment! However, there are some ways to truly maximize your profits, and cash-out refinancing is a great way to get the funding for it! So, let’s talk about cash-out refinance for investment property and why it is the best option for your wallet! Benefits of Refinancing You’ve probably heard of refinancing a mortgage or a car loan before. It’s a great way to save money or potentially get some extra cash to use in the short term. No matter what type of refinance investors choose, there are some common reasons why an investor would choose to refinance […]