real estate FAQ
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
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September 14, 2022
Virtually everyone dreams of owning a home. Besides the pride and satisfaction in knowing that you never again have to worry about a place to lay your head, there is the obvious fact that buying a home is a valuable investment. Investing in a house is an excellent way to diversify your portfolio. You can use your house as leverage to buy other properties or as collateral to get loans for other investments. When it comes to buying a house, the first question on everyone’s lips is, “where do I get the money from?” Unlike stocks or cryptocurrencies, you can’t invest in property with “little change.” You need massive capital, which you often don’t have lying around idly. This is where loans and mortgages come in. You can collect loans from banks, insurance companies, credit unions, and other financial institutions […]
September 14, 2022
A commercial real estate loan is a mortgage that can be acquired using the business property as collateral or backup. These loans can be divided into three major categories: business loans, investment loans, and loans for development. Commercial real estate (CRE) includes any revenue-generating property utilized for commercial activities, such as offices, shops, hotels, restaurants, warehouses, and apartments. Loans for commercial real estate are only used to purchase commercial property; they are not used for buying private homes. However, residential properties with 1-4 units managed by an LLC can use commercial loans. Banks and lenders are in charge of offering commercial real estate loans, just like with any other kind of mortgage loan. Loans for residential real estate are granted to private borrowers, while loans for commercial real estate are given to commercial enterprises, including organizations, Limited liability companies, investors, and developers. […]
September 14, 2022
A great approach to increasing wealth and preparing for retirement is through investment. Investors can diversify their wealth and reduce risk by taking advantage of various profitable investment opportunities. The world is full of investment opportunities. Choosing the right ones for you can be difficult. The benefits and drawbacks of every investment are unique. Maybe your financial adviser tells you to invest in stocks, your best friend tells you to invest in stocks, and every social media post wants you to invest in cryptocurrency. You may be confused about the right investment because they all look like the right one with future potential. Not to worry, this article will guide you on real estate, stocks, and cryptocurrency investment and how to choose the right one that specifically suits your circumstance. What is Cryptocurrency? Cryptocurrency is a digital currency that doesn’t […]
February 15, 2022
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
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 […]
February 9, 2022
Investing in real estate is a lucrative business opportunity for many. The most beautiful part of it is there are many different niches to choose from when just getting started. An investor can decide to focus on single family rentals, or commercial spaces, or even self-storage. Often they decide to grow a portfolio of properties over time, by buying properties individually. However, the aggressive real estate investor whose looking to scale quickly can opt to instead purchase a property portfolio. While buying a portfolio of real estate works very similar to buying any other property, there are certain nuances that even the savviest investor needs to look out for. In this article, we will walk you through the process of buying a property portfolio, from start to finish. We’ll further outline the benefits as well as key items you’ll need […]
February 8, 2022
If you’re a first-time real estate investor with no credit and cash, or a small business owner looking to refinance all your rental properties into one loan, chances are you’ll have a hard time finding a lender. Real estate mortgages are among the most highly regulated industries, imposing some of the most stringent requirements on borrowers in order to ensure another Great Recession does not occur. As such, real estate investors looking for more flexible and creative financing often have to look outside the box at alternatives. As a group, the alternative loan programs available out there are largely considered portfolio loans, and in this article, we’ll discuss what they are, the different types available for real estate investors, and the benefits and downsides to them. The definition of a Portfolio Loan A portfolio loan is any real estate mortgage […]
January 31, 2022
Most major business publications will agree that real estate makes up more than two-thirds of the net worth around the world. Real estate is a lucrative investment opportunity that has created hundreds of millionaires and billionaires. As a budding real estate investor, especially one just getting started, there is much you can learn from those who have already walked in your shoes. This is why in this article we share with you who are the top 10 the richest real estate investors in the world, and what they did to get there. 10. Sam Zell Net Worth: $4.8 billion Investments: Multifamily, Office, Manufactured Housing, REITs In our list, Sam Zell starts as number 10 of the world’s richest real estate investor. Often regarded as a leader within the industry, Sam Zell’s start in real estate began young. Sam was born […]
January 28, 2022
When trying to buy a home or investment property you’ve most likely considered getting a mortgage, or outside financing to help you make the purchase. Between FHA loans, conventional loans, jumbo loans, hard money loans, and private money loans there are seemingly endless options. Despite all of the loans that are available, there are two major distinctions you should know about: qualified versus non-qualified mortgages. Unlike a qualified mortgage, a nonqualified loan is not subject to certain restrictions such as a debt-to-income ratio requirement. This makes non-qualified mortgages an attractive option for borrowers who don’t necessarily fit the ‘standard’ mold when buying a home, or for buyers that are looking to acquire a property that doesn’t meet FHA or conventional loan requirements, as is often the case for real estate investors. In order to know whether or not a non-qualified […]
January 27, 2022
Buying an investment property is a major step in becoming an active real estate investor. Purchasing a property in hopes of developing it in the future, flipping a single-family home like you see on TV for a profit, or buying an asset that generates passive rental income can all be exciting ways and reasons to invest in real estate. There are, however, a lot of things you have to do in order to prepare and set yourself up for success. Naturally, you’ll need to do your research, work with the right real estate agent, and find a good deal. And once you do, you’re most likely going to want to finance the purchase, as opposed to paying all cash, which will involve getting a loan. Typically, lenders that specialize in making investment property loans will look at the real estate, […]