Loans

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 28, 2022
Published by Bryan Hanley at September 28, 2022
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Investment Property Mortgage Rates Vs. Primary Residence

A rental property is purchased through a different process than a primary dwelling. As a result, mortgage rates for investment properties usually are higher than rates for ordinary home purchases, and the criteria for obtaining an investment property loan are frequently stricter. Numerous areas of the national economy are affected by the volatility of interest rates. Most real estate investors are familiar with how interest rates can impact the cost of borrowing. Since lower interest rates make borrowing money more affordable, they encourage home purchases and loan activity on investment properties. Additionally, it may alter the profitability of an investment property or lower your primary residence’s monthly mortgage payment. But interest rates for homes and investment properties operate differently. Let’s examine the different types of mortgages for rental properties in more detail, as well as the variables that influence borrowing […]
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September 27, 2022
Published by Bryan Hanley at September 27, 2022
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Financing Multiple Properties: How Many Properties Can You Refinance at the Same Time?

For many people, a house is the most expensive purchase they will ever make in their lifetime. So, for the average American, buying a house means taking on a mortgage they will pay off over a decade or longer. A mortgage is a type of loan where you get the money to buy the property but then put it up as collateral while you pay off the loan. That house can be refinanced to purchase another one, and that second house can again be refinanced. It begs the question: How many properties can you refinance at the same time? To answer that question, you must first figure out how many houses you’re legally allowed to own. How Many Houses Can You Own? Real estate is an excellent investment because you can use it to earn passive income, gain a tax […]
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September 27, 2022
Published by Bryan Hanley at September 27, 2022
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Mortgage Loan for Investment Property

Are you interested in using investments to build wealth? Real estate investment is one of the lucrative and profitable businesses to venture into. Before, side income came from investing in rental properties and flipping houses. They can be successful enough to serve as a main source of revenue in the current economic situation. The only drawback is that getting loans for an investment property can be difficult.  Because it is a large-scale investment that needs a significant amount of money to start, lenders give stringent requirements to borrowers that might be difficult to meet. Since investors have a wide range of alternatives, they can select options that suit their demands. If you are wondering how to get mortgage loans for your investment property, you have gotten to the right place. This article will guide you on mortgage loans for investment […]
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September 27, 2022
Published by Bryan Hanley at September 27, 2022
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Should I get an LLC for Rental Property with a Mortgage?

There are many controversies, especially for new real estate investors, about whether getting an LLC for a rental property with a mortgage is a smart idea. To assist minimize your responsibility and establishing credit for your real estate business, it’s typically a good idea to hold rental property in the name of an LLC. Nevertheless, if you’re getting an LLC mortgage for the first time, it can be challenging.  The drawbacks of purchasing a home using an LLC are much outweighed by the benefits for novice real estate investors. This method of business growth may be advantageous for experienced investors who want to build a career out of real estate investing. Experienced investors, in particular, can acquire a large amount of real estate that shields them from personal liabilities. If you want to provide your company the ability to own […]
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September 27, 2022
Published by Bryan Hanley at September 27, 2022
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What you must know about getting a mortgage for an Investment Property

Owning an investment property is a wonderful way to diversify your portfolio, whether by flipping it for profit or generating passive income through rent. However, there is typically a large start-up cost associated with real estate investing. Luckily, investment property loans are available to help you turn your dream of being a landlord into reality. You must fulfill various requirements to get a loan for an investment property. Understanding how investment property loans work, the different types, and the specific conditions associated with each help you make the right decision. This piece covers all you need to know about getting a mortgage for an investment property. What are investment properties? Real estate purchased to make money, whether through appreciation or rental revenue, is referred to as an investment property. Investment properties are often bought by a single investor, a couple, […]
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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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When should I Refinance My apartment building?

A landlord or real estate investor may consider refinancing rental property assets for several compelling reasons. Firstly, at the very least, it can make some excellent prospects for accumulating wealth available. It can also make it possible for you to reduce your interest rates and monthly payments, which might ultimately help you increase your property’s cash flow. While this all sounds fantastic, it does come with some significant limitations and a certain amount of risk, just like any investing approach. Investors must therefore comprehend the strategy’s risks and rewards and properly assess them to get the most out of their investments. This is useful for investors who want to decide when to start refinancing. Refinancing generally gives successful investors the chance to increase or enhance their portfolios. When interest rates are low, and the property’s value is high, refinancing a […]
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September 22, 2022
Published by Bryan Hanley at September 22, 2022
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How long do I have to wait to refinance after buying property cash?

Home equity is a huge source of wealth, which most people can’t access without a mortgage. However, if you recently closed on your house and are unhappy with the conditions of your existing mortgage, you’re probably looking for a solution. The good news is that getting a better mortgage doesn’t require waiting. Read on to learn about the right actions to undertake if you’re unsure how soon you can refinance after purchasing a home. What does refinancing mean? Simply put, refinancing means switching out your old mortgage for a new one. The stipulations of your new mortgage will depend on the refinancing you pick. Here’s why refinancing might be something you should consider even if you currently have a good rate:  You aim to lower your monthly payments by using a longer loan term or a lower interest rate (or […]
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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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